How the (PIPR) price action is used to our Advantage

July 23, 2024, 22:00 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PIPR

• Buy PIPR slightly over 244.75 target n/a stop loss @ 244.04. Details

The technical summary data tells us to buy PIPR near 244.75, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 244.04 to protect against excessive loss in case the stock begins to move against the trade. 244.75 is the first level of support below 268.56, and by rule, any test of support is a buy signal. In this case, if support 244.75 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for PIPR

• Buy PIPR slightly over 272.97, target n/a, Stop Loss @ 272.18 Details

If 272.97 begins to break higher, the technical summary data tells us to buy PIPR just slightly over 272.97, with an upside target of n/a. The data also tells us to set a stop loss @ 272.18 in case the stock turns against the trade. 272.97 is the first level of resistance above 268.56, and by rule, any break above resistance is a buy signal. In this case, 272.97, 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 PIPR slightly near 272.97, target 266.01, Stop Loss @ 273.76. Details

The technical summary data is suggesting a short of PIPR if it tests 272.97 with a downside target of 266.01. We should have a stop loss in place at 273.76 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, 272.97, 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 PIPR

• Buy PIPR slightly over 269.78, target 272.97, Stop Loss @ 269.15 Details

If 269.78 begins to break higher, the technical summary data tells us to buy PIPR just slightly over 269.78, with an upside target of 272.97. The data also tells us to set a stop loss @ 269.15 in case the stock turns against the trade. 269.78 is the first level of resistance above 268.56, and by rule, any break above resistance is a buy signal. In this case, 269.78, 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 PIPR slightly near 269.78, target 266.01, Stop Loss @ 270.41. Details

The technical summary data is suggesting a short of PIPR if it tests 269.78 with a downside target of 266.01. We should have a stop loss in place at 270.41 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, 269.78, 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  Piper Sandler Companies (PIPR) available here: PIPR.

PIPR Ratings for July 23:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	212.43
P2	264.03	266.01	228.27
P3	269.78	272.97	244.75

AI Generated Signals for PIPR

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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  Piper Sandler Companies (NASDAQ: PIPR) data table below can help you with price action, and we have more details too. Trading plans for PIPR 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.