(PFI) Investment Report

October 23, 2024, 20:34 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PFI

• Buy PFI near 55.09 target 57.2 stop loss @ 54.93 Details

The technical summary data tells us to buy PFI near 55.09 with an upside target of 57.2. This data also tells us to set a stop loss @ 54.93 to protect against excessive loss in case the stock begins to move against the trade. 55.09 is the first level of support below 56.31 , and by rule, any test of support is a buy signal. In this case, support 55.09 is being tested, a buy signal would exist.

• Short PFI slightly under 57.2, target 55.09, stop loss @ 57.37 Details

The technical summary data is suggesting a short of PFI as it gets near 57.2 with a downside target of 55.09. We should have a stop loss in place at 57.37though. 57.2 is the first level of resistance above 56.31, and by rule, any test of resistance is a short signal. In this case, if resistance 57.2 is being tested, a short signal would exist.

Swing Trading Plans for PFI

• Buy PFI slightly over 57.23, target 58.82, Stop Loss @ 57.06 Details

If 57.23 begins to break higher, the technical summary data tells us to buy PFI just slightly over 57.23, with an upside target of 58.82. The data also tells us to set a stop loss @ 57.06 in case the stock turns against the trade. 57.23 is the first level of resistance above 56.31, and by rule, any break above resistance is a buy signal. In this case, 57.23, 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 PFI slightly near 57.23, target 55.09, Stop Loss @ 57.4. Details

The technical summary data is suggesting a short of PFI if it tests 57.23 with a downside target of 55.09. We should have a stop loss in place at 57.4 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, 57.23, 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 PFI

• Buy PFI slightly over 56.78, target 57.23, Stop Loss @ 56.65 Details

If 56.78 begins to break higher, the technical summary data tells us to buy PFI just slightly over 56.78, with an upside target of 57.23. The data also tells us to set a stop loss @ 56.65 in case the stock turns against the trade. 56.78 is the first level of resistance above 56.31, and by rule, any break above resistance is a buy signal. In this case, 56.78, 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 PFI slightly near 56.78, target 56.28, Stop Loss @ 56.91. Details

The technical summary data is suggesting a short of PFI if it tests 56.78 with a downside target of 56.28. We should have a stop loss in place at 56.91 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, 56.78, 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 Invesco Dwa Financial Momentum Etf (PFI) available here: PFI.

PFI Ratings for October 23:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	52.97
P2	56.28	57.23	55.09
P3	56.78	58.82	57.2

AI Generated Signals for PFI

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

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 Invesco Dwa Financial Momentum Etf (NYSE: PFI) 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 PFI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PFI 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 PFI too.  All of these are offered below the Summary Table.