PBS - Why the Technicals for Invesco Dynamic Media #PBS can be More Revealing than the Fundamentals
#technicalanalysis provides insights that #fundamentalanalysis cannot. We can use that to our #advantage in Invesco Dynamic Media (NYSE: PBS). Using the data offered below we have a real-time example. Review The technical data for PBS below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 52.06 | |||
| P2 | |||
| 51.18 | |||
| 50.80 | |||
| 55.35 | |||
| P3 | |||
| 52.56 | |||
| 52.13 | |||
| 59.08 |
Long Term Trading Plans for PBS
May 7, 2021, 11:30 am ET
The Technical Summary and Trading Plans for PBS 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 PBS Report.
PBS - (Long) Support Plan
The technical summary data tells us to buy PBS near 52.06 with an upside target of 55.35. This data also tells us to set a stop loss @ 51.91 to protect against excessive loss in case the stock begins to move against the trade. 52.06 is the first level of support below 52.33 , and by rule, any test of support is a buy signal. In this case, support 52.06 would be being tested, so a buy signal would exist.
PBS - (Short) Resistance Plan
The technical summary data is suggesting a short of PBS as it gets near 55.35 with a downside target of 52.06. We should have a stop loss in place at 55.51though. 55.35 is the first level of resistance above 52.33, and by rule, any test of resistance is a short signal. In this case, if resistance 55.35 is being tested, so a short signal would exist.