Learn to Evaluate (PRN) using the Charts
November 03, 2024, 17:42 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PRN
- Buy PRN near 153.62 target 162.15 stop loss @ 153.18 Details
The technical summary data tells us to buy PRN near 153.62 with an upside target of 162.15. This data also tells us to set a stop loss @ 153.18 to protect against excessive loss in case the stock begins to move against the trade. 153.62 is the first level of support below 155.83 , and by rule, any test of support is a buy signal. In this case, support 153.62 is being tested, a buy signal would exist.
- Short PRN slightly under 162.15, target 153.62, stop loss @ 162.62 Details
The technical summary data is suggesting a short of PRN as it gets near 162.15 with a downside target of 153.62. We should have a stop loss in place at 162.62though. 162.15 is the first level of resistance above 155.83, and by rule, any test of resistance is a short signal. In this case, if resistance 162.15 is being tested, a short signal would exist.
Swing Trading Plans for PRN
- Buy PRN slightly over 157.47, target 162.15, Stop Loss @ 157.02 Details
If 157.47 begins to break higher, the technical summary data tells us to buy PRN just slightly over 157.47, with an upside target of 162.15. The data also tells us to set a stop loss @ 157.02 in case the stock turns against the trade. 157.47 is the first level of resistance above 155.83, and by rule, any break above resistance is a buy signal. In this case, 157.47, 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 PRN slightly near 157.47, target 155.41, Stop Loss @ 157.92. Details
The technical summary data is suggesting a short of PRN if it tests 157.47 with a downside target of 155.41. We should have a stop loss in place at 157.92 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, 157.47, 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 PRN
- Buy PRN slightly over 156.71, target 157.47, Stop Loss @ 156.34 Details
If 156.71 begins to break higher, the technical summary data tells us to buy PRN just slightly over 156.71, with an upside target of 157.47. The data also tells us to set a stop loss @ 156.34 in case the stock turns against the trade. 156.71 is the first level of resistance above 155.83, and by rule, any break above resistance is a buy signal. In this case, 156.71, 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 PRN slightly near 156.71, target 155.41, Stop Loss @ 157.08. Details
The technical summary data is suggesting a short of PRN if it tests 156.71 with a downside target of 155.41. We should have a stop loss in place at 157.08 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, 156.71, 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 Dwa Industrials Momentum Etf (PRN) available here: PRN.
PRN Ratings for November 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
144.79 |
| P2 |
155.19 |
155.41 |
153.62 |
| P3 |
156.71 |
157.47 |
162.15 |
AI Generated Signals for PRN
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Invesco Dwa Industrials Momentum Etf (NYSE: PRN) report below can help you understand how to do this. The trading plans for PRN, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PRN:
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