(PHO) Long-term investment analysis

December 1, 2024, 10:20 am ET, BY Christie – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for PHO

• Buy PHO near 71.36 and target a stop loss of 73.87 at 71.15 Details

The technical summary data tells us to buy PHO at 71.36 with an upside target of 73.87. This data also tells us to set a stop loss at 71.15 to protect ourselves from excessive losses in case the stock starts moving against the trade. 71.36 is the first level of support below 71.76 and basically any test of support is a buy signal. In this case the support 71.36 is tested, a buy signal would be present.

• Short PHO just below 73.87, target 71.36, stop loss at 74.08 Details

Technical summary data suggests a short PHO approaching 73.87 with a downside target of 71.36. However, we should have a stop loss at 74.08. 73.87 is the first resistance level above 71.76, and basically any test of resistance is a short signal. In this case, if the resistance 73.87 is tested, a short signal is present.

Swing trading plans for PHO

• Buy PHO slightly above 72.43, target 73.87, stop loss at 72.22 Details

If 72.43 starts to break higher, the technical summary data tells us to buy PHO just above 72.43 with an upside target of 73.87. The data also tells us to set a stop loss at 72.22 in case the stock turns against the trade. 72.43 is the first resistance level above 71.76, and basically any break above resistance is a buy signal. In this case, 72.43, 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 PHO slightly near 72.43, target 71.36, stop loss at 72.64. Details

Technical summary data suggests a short PHO at 72.43 with a downside target of 71.36. However, we should have a stop loss at 72.64 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 72.43 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 PHO

• Buy PHO slightly above 72.43, target 73.87, stop loss at 72.26 Details

If 72.43 starts to break higher, the technical summary data tells us to buy PHO just above 72.43 with an upside target of 73.87. The data also tells us to set a stop loss at 72.26 in case the stock turns against the trade. 72.43 is the first resistance level above 71.76, and basically any break above resistance is a buy signal. In this case, 72.43, 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 PHO slightly near 72.43, target 71.63, stop loss at 72.6. Details

Technical summary data suggests a short PHO at 72.43, with a downside target of 71.63. However, we should have a stop loss at 72.6 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 72.43 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 Water Resources Etf (PHO) available here: PHO.

PHO ratings for December 1st:

AI generated signals for PHO

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Technically, Invesco Water Resources Etf (NYSE: PHO) 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 PHO 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 PHO 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 PHO. All of this is offered below the overview table.