Long Term Trading Analysis for (PFD)

November 03, 2024, 14:00 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PFD

• Buy PFD near 11.07 target 11.49 stop loss @ 11.04 Details

The technical summary data tells us to buy PFD near 11.07 with an upside target of 11.49. This data also tells us to set a stop loss @ 11.04 to protect against excessive loss in case the stock begins to move against the trade. 11.07 is the first level of support below 11.48 , and by rule, any test of support is a buy signal. In this case, support 11.07 would be being tested, so a buy signal would exist.

• Short PFD slightly under 11.49, target 11.07, stop loss @ 11.52 Details

The technical summary data is suggesting a short of PFD as it gets near 11.49 with a downside target of 11.07. We should have a stop loss in place at 11.52though. 11.49 is the first level of resistance above 11.48, and by rule, any test of resistance is a short signal. In this case, if resistance 11.49 is being tested, so a short signal would exist.

Swing Trading Plans for PFD

• Buy PFD slightly over 11.57, target 11.94, Stop Loss @ 11.54 Details

If 11.57 begins to break higher, the technical summary data tells us to buy PFD just slightly over 11.57, with an upside target of 11.94. The data also tells us to set a stop loss @ 11.54 in case the stock turns against the trade. 11.57 is the first level of resistance above 11.48, and by rule, any break above resistance is a buy signal. In this case, 11.57, 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 PFD slightly near 11.57, target 11.07, Stop Loss @ 11.6. Details

The technical summary data is suggesting a short of PFD if it tests 11.57 with a downside target of 11.07. We should have a stop loss in place at 11.6 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, 11.57, 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 PFD

• Buy PFD slightly over 11.57, target 11.94, Stop Loss @ 11.54 Details

If 11.57 begins to break higher, the technical summary data tells us to buy PFD just slightly over 11.57, with an upside target of 11.94. The data also tells us to set a stop loss @ 11.54 in case the stock turns against the trade. 11.57 is the first level of resistance above 11.48, and by rule, any break above resistance is a buy signal. In this case, 11.57, 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 PFD slightly near 11.57, target 11.07, Stop Loss @ 11.6. Details

The technical summary data is suggesting a short of PFD if it tests 11.57 with a downside target of 11.07. We should have a stop loss in place at 11.6 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, 11.57, 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 Flaherty & Crumrine Preferred And Income Fund Incorporated (PFD) available here: PFD.

PFD Ratings for November 03:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	11.07
P2	11.48	11.34	11.49
P3	0	11.57	11.94

AI Generated Signals for PFD

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Flaherty & Crumrine Preferred And Income Fund Incorporated (NYSE: PFD) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PFD 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 PFD 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 PFD too.  All of these are offered below the Summary Table.