Objective Long/Short Report (AIOT).

November 30, 2024, 1:36am ET, BY Bill T. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for AIOT

• Buy AIOT near 6.84. Target: stop loss at 6.82. Details

The technical summary data tells us to buy AIOT near 6.84, 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 to set a stop loss of 6.82 to protect against excessive losses if the stock starts moving against the trade. 6.84 is the first level of support below 7.04, and basically any test of support is a buy signal. In this case, if the support 6.84 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 AIOT

• Buy AIOT just above 7.08, target 7.7, stop loss at 7.06 Details

If 7.08 starts to break out higher, the technical summary data tells us to buy AIOT just above 7.08 with an upside target of 7.7. The data also tells us to set a stop loss at 7.06 in case the stock turns against the trade. 7.08 is the first resistance level above 7.04, and basically any break above resistance is a buy signal. In this case, 7.08, 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 AIOT close to 7.08, target 6.84, stop loss at 7.1. Details

Technical summary data suggests shorting AIOT if it tests 7.08, with a downside target of 6.84. However, we should have a stop loss at 7.1 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if resistance 7.08 is tested, there would be a short signal. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for AIOT

• Buy AIOT just above 7.17, target 7.47, stop loss at 7.15 Details

If 7.17 starts to break out higher, the summary technicals tell us to buy AIOT just above 7.17 with an upside target of 7.47. The data also tells us to set a stop loss at 7.15 in case the stock turns against the trade. 7.17 is the first resistance level above 7.04, and basically any break above resistance is a buy signal. In this case, 7.17, 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 AIOT just near 7.17, target 6.84, stop loss at 7.19. Details

Technical summary data suggests shorting AIOT if it tests 7.17, with a downside target of 6.84. However, we should have a stop loss at 7.19 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if resistance 7.17 is tested, there would be a short signal. 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 Powerfleet, Inc. (AIOT) available here: AIOT.

AIOT ratings for November 30th:

AI generated signals for AIOT

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading Powerfleet, Inc. (NASDAQ: AIOT) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for AIOT 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 AIOT 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 AIOT. All of this is offered below the overview table.