How the (PI) price action is used to our Advantage
June 13, 2024, 23:14 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PI
- Buy PI slightly over 142.08 target 168.08 stop loss @ 141.67 Details
The technical summary data tells us to buy PI near 142.08 with an upside target of 168.08. This data also tells us to set a stop loss @ 141.67 to protect against excessive loss in case the stock begins to move against the trade. 142.08 is the first level of support below 154.39 , and by rule, any test of support is a buy signal. In this case, support 142.08 is being tested, a buy signal would exist.
- Short PI slightly under 168.08, target 142.08, stop loss @ 168.57 Details
The technical summary data is suggesting a short of PI as it gets near 168.08 with a downside target of 142.08. We should have a stop loss in place at 168.57though. 168.08 is the first level of resistance above 154.39, and by rule, any test of resistance is a short signal. In this case, if resistance 168.08 is being tested, a short signal would exist.
Swing Trading Plans for PI
- Buy PI slightly over 168.08, target n/a, Stop Loss @ 167.59 Details
If 168.08 begins to break higher, the technical summary data tells us to buy PI just slightly over 168.08, with an upside target of n/a. The data also tells us to set a stop loss @ 167.59 in case the stock turns against the trade. 168.08 is the first level of resistance above 154.39, and by rule, any break above resistance is a buy signal. In this case, 168.08, 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 168.08, target 154.29, Stop Loss @ 168.57. Details
The technical summary data is suggesting a short of PI if it tests 168.08 with a downside target of 154.29. We should have a stop loss in place at 168.57 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, 168.08, 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 168.08, target n/a, Stop Loss @ 167.69 Details
If 168.08 begins to break higher, the technical summary data tells us to buy PI just slightly over 168.08, with an upside target of n/a. The data also tells us to set a stop loss @ 167.69 in case the stock turns against the trade. 168.08 is the first level of resistance above 154.39, and by rule, any break above resistance is a buy signal. In this case, 168.08, 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 168.08, target 154.29, Stop Loss @ 168.47. Details
The technical summary data is suggesting a short of PI if it tests 168.08 with a downside target of 154.29. We should have a stop loss in place at 168.47 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, 168.08, 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 June 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
117.39 |
| P2 |
150.31 |
143.68 |
142.08 |
| P3 |
153.86 |
154.29 |
168.08 |
AI Generated Signals for PI
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Impinj Inc. (NYSE: PI) data table below can help you with price action, and we have more details too. Trading plans for PI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PI:
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