When the Price of (PPA) Talks, People Listen
October 30, 2024, 06:52 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PPA
- Buy PPA near 115.68 target 119.05 stop loss @ 115.35 Details
The technical summary data tells us to buy PPA near 115.68 with an upside target of 119.05. This data also tells us to set a stop loss @ 115.35 to protect against excessive loss in case the stock begins to move against the trade. 115.68 is the first level of support below 116.15 , and by rule, any test of support is a buy signal. In this case, support 115.68 is being tested, a buy signal would exist.
- Short PPA slightly under 119.05, target 115.68, stop loss @ 119.39 Details
The technical summary data is suggesting a short of PPA as it gets near 119.05 with a downside target of 115.68. We should have a stop loss in place at 119.39though. 119.05 is the first level of resistance above 116.15, and by rule, any test of resistance is a short signal. In this case, if resistance 119.05 is being tested, a short signal would exist.
Swing Trading Plans for PPA
- Buy PPA slightly over 117.37, target 119.05, Stop Loss @ 117.03 Details
If 117.37 begins to break higher, the technical summary data tells us to buy PPA just slightly over 117.37, with an upside target of 119.05. The data also tells us to set a stop loss @ 117.03 in case the stock turns against the trade. 117.37 is the first level of resistance above 116.15, and by rule, any break above resistance is a buy signal. In this case, 117.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PPA slightly near 117.37, target 115.68, Stop Loss @ 117.71. Details
The technical summary data is suggesting a short of PPA if it tests 117.37 with a downside target of 115.68. We should have a stop loss in place at 117.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 117.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PPA
- Buy PPA slightly over 116.66, target 117.37, Stop Loss @ 116.39 Details
If 116.66 begins to break higher, the technical summary data tells us to buy PPA just slightly over 116.66, with an upside target of 117.37. The data also tells us to set a stop loss @ 116.39 in case the stock turns against the trade. 116.66 is the first level of resistance above 116.15, and by rule, any break above resistance is a buy signal. In this case, 116.66, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PPA slightly near 116.66, target 116.01, Stop Loss @ 116.93. Details
The technical summary data is suggesting a short of PPA if it tests 116.66 with a downside target of 116.01. We should have a stop loss in place at 116.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 116.66, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Invesco Aerospace & Defense Etf (PPA) available here: PPA.
PPA Ratings for October 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
111.9 |
| P2 |
116.01 |
115.58 |
115.68 |
| P3 |
116.66 |
117.37 |
119.05 |
AI Generated Signals for PPA
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Invesco Aerospace & Defense Etf (NYSE: PPA) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for PPA can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PPA:
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