PXQ - Sometimes Stocks Move Fast and Invesco Dynamic Networking is no Exception
Whether a stock moves fast or slow, one thing is always true. The forces of supply and demand determine the price of Invesco Dynamic Networking (NYSE: PXQ) and every other stock on the market. The price someone is willing to pay for PXQ directly impacts its price, but that is offset by what others are willing to sell it for too. The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage. This is what we have done in the example below. Our data was current at the time of publication, but it is not updated in real time here. If you want 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 | |||
| Weak | |||
| Strong | |||
| P1 | |||
| ERR | |||
| 0 | |||
| 82.88 | |||
| P2 | |||
| 81.64 | |||
| 88.60 | |||
| P3 | |||
| 0 | |||
| 87.24 | |||
| 93.85 |
Long Term Trading Plans for PXQ
March 20, 2021, 1:45 am ET
The Technical Summary and Trading Plans for PXQ 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 PXQ Report.
PXQ - (Long) Support Plan
The technical summary data tells us to buy PXQ near 82.88 with an upside target of 88.60. This data also tells us to set a stop loss @ 82.64 to protect against excessive loss in case the stock begins to move against the trade. 82.88 is the first level of support below 83.3911 , and by rule, any test of support is a buy signal. In this case, support 82.88 would be being tested, so a buy signal would exist.
PXQ - (Short) Resistance Plan
The technical summary data is suggesting a short of PXQ as it gets near 88.60 with a downside target of 82.88. We should have a stop loss in place at 88.86though. 88.60 is the first level of resistance above 83.3911, and by rule, any test of resistance is a short signal. In this case, if resistance 88.60 is being tested, so a short signal would exist.