(PI) Investment Analysis

October 23, 2024, 21:40 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PI

• Buy PI near 203.37 target 226.23 stop loss @ 202.78 Details

The technical summary data tells us to buy PI near 203.37 with an upside target of 226.23. This data also tells us to set a stop loss @ 202.78 to protect against excessive loss in case the stock begins to move against the trade. 203.37 is the first level of support below 222.46 , and by rule, any test of support is a buy signal. In this case, support 203.37 is being tested, a buy signal would exist.

• Short PI slightly under 226.23, target 203.37, stop loss @ 226.88 Details

The technical summary data is suggesting a short of PI as it gets near 226.23 with a downside target of 203.37. We should have a stop loss in place at 226.88though. 226.23 is the first level of resistance above 222.46, and by rule, any test of resistance is a short signal. In this case, if resistance 226.23 is being tested, a short signal would exist.

Swing Trading Plans for PI

• Buy PI slightly over 226.23, target 232.15, Stop Loss @ 225.58 Details

If 226.23 begins to break higher, the technical summary data tells us to buy PI just slightly over 226.23, with an upside target of 232.15. The data also tells us to set a stop loss @ 225.58 in case the stock turns against the trade. 226.23 is the first level of resistance above 222.46, and by rule, any break above resistance is a buy signal. In this case, 226.23, 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 PI slightly near 226.23, target 219.24, Stop Loss @ 226.88. Details

The technical summary data is suggesting a short of PI if it tests 226.23 with a downside target of 219.24. We should have a stop loss in place at 226.88 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, 226.23, 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 PI

• Buy PI slightly over 223.53, target 226.23, Stop Loss @ 223.01 Details

If 223.53 begins to break higher, the technical summary data tells us to buy PI just slightly over 223.53, with an upside target of 226.23. The data also tells us to set a stop loss @ 223.01 in case the stock turns against the trade. 223.53 is the first level of resistance above 222.46, and by rule, any break above resistance is a buy signal. In this case, 223.53, 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 PI slightly near 223.53, target 219.24, Stop Loss @ 224.05. Details

The technical summary data is suggesting a short of PI if it tests 223.53 with a downside target of 219.24. We should have a stop loss in place at 224.05 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, 223.53, 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 Impinj Inc. (PI) available here: PI.

PI Ratings for October 23:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	180.66
P2	215.53	219.24	203.37
P3	223.53	232.15	226.23

AI Generated Signals for PI

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Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PI too.  All of these are offered below the Summary Table.