PIO - Managing Risk in Powershares Global Water Portfolio by Using Price Action
This price action in Powershares Global Water Portfolio (NYSE: PIO) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for PIO below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Neutral | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 35.84 | |||
| P2 | |||
| 35.49 | |||
| 35.72 | |||
| 37.20 | |||
| P3 | |||
| 36.22 | |||
| 36.31 | |||
| 38.33 |
Long Term Trading Plans for PIO
March 28, 2021, 10:00 pm ET
The Technical Summary and Trading Plans for PIO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PIO Report.
PIO - (Long) Support Plan
The technical summary data tells us to buy PIO near 35.84 with an upside target of 37.20. This data also tells us to set a stop loss @ 35.74 to protect against excessive loss in case the stock begins to move against the trade. 35.84 is the first level of support below 36.125 , and by rule, any test of support is a buy signal. In this case, support 35.84 would be being tested, so a buy signal would exist.
PIO - (Short) Resistance Plan
The technical summary data is suggesting a short of PIO as it gets near 37.20 with a downside target of 35.84. We should have a stop loss in place at 37.31though. 37.20 is the first level of resistance above 36.125, and by rule, any test of resistance is a short signal. In this case, if resistance 37.20 is being tested, so a short signal would exist.