(PSP) Long-term investment analysis

December 1, 2024, 11:06 am ET, BY Harold S. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for PSP

• Buy PSP near 71.03, target n/a stop loss at 70.82. Details

The technical summary data tells us to buy PSP near 71.03, 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 each trading day) or until the position has been stopped. The data tells us that we should set a stop loss of 70.82 to protect ourselves from excessive losses in case the stock starts moving against the trade. 71.03 is the first level of support below 71.6506 and basically any test of support is a buy signal. In this case, if the 71.03 support is tested, a buy signal would be present.

• NO. Details

NO.
There are no current resistance levels from the summary table and therefore there are no short resistance plans telling us to short on resistance tests. The resistance levels have broken to the upside and if the stock does not move back down and below the support levels, short positions look risky.

Swing Trading Plans for PSP

• Buy PSP slightly above 72.02, target n/a, stop loss at 71.81 Details

If 72.02 starts to break out to the upside, the technical summary data tells us to buy PSP just above 72.02 with an upside target of n/a. The data also tells us to set a stop loss at 71.81 in case the stock turns against the trade. 72.02 is the first resistance level above 71.6506 and basically any break above resistance is a buy signal. In this case, 72.02, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short PSP slightly near 72.02, target 71.03, stop loss at 72.23. Details

Technical summary data suggests going short on PSP if it tests 72.02, with a downside target of 71.03. However, we should have a stop loss at 72.23 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 72.02 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day Trading Plans for PSP

• Buy PSP slightly above 72.02, target n/a, stop loss at 71.85 Details

If 72.02 starts to break out to the upside, the technical summary data tells us to buy PSP just above 72.02 with an upside target of n/a. The data also tells us to set a stop loss at 71.85 in case the stock turns against the trade. 72.02 is the first resistance level above 71.6506 and basically any break above resistance is a buy signal. In this case, 72.02, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short PSP slightly near 72.02, target 71.11, stop loss at 72.19. Details

The technical summary data suggests shorting the PSP if it tests 72.02, with a downside target of 71.11. However, we should have a stop loss at 72.19 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 72.02 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Invesco Global Listed Private Equity Etf (PSP) available here: PSP.

PSP Ratings for December 1st:

AI generated signals for PSP

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Technically, Invesco Global Listed Private Equity Etf (NYSE:PSP) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for PSP 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, when PSP tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for PSP. All of this is offered below the overview table.