Objective long/short (PRDO) report

May 3, 2024, 4:46 PM ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for PRDO

• Buy PRDO slightly above target 21.46 n/a stop loss @ 21.4. Details

The technical summary data shows that we should buy PRDO around 21.46, but the summary table shows no upside target at this time. In this case we must wait until an update of the summary table is made (which usually happens at the beginning of each trading day), or until the position is stopped. The data does tell us to set a stop loss 21.4 to protect against excessive loss in case the stock starts moving against the trade. 21.46 is the first support level below 24.3113, and as a rule any test of support is a buy signal. In this case, if support 21.46 is tested, a buy signal would exist.

• 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 resistance tests. Resistance levels have broken higher and unless stock prices move lower and back below support levels, short positions look risky.

Swing trading plans for PRDO

• Buy PRDO just over N/A, Target N/A, Stop Loss @ 0 Details

If n/a starts to move higher, the technical summary data tells us to buy PRDO just slightly above n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock moves against reverse the transaction. N/A is the first resistance level above 24.3113, and generally any break above resistance is a buy signal. In this case, the initial resistance, N/A, would break higher, so a buy signal would exist. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

• Short PRDO slightly near N/A, target 21.56, Stop Loss @ 0. Details

The technical summary data indicates a shortage of PRDO if there is no test with a downside target of 21.56. However, we should have a stop loss at 0 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, if the resistance, N/A, is tested, a short signal would occur. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Day trading plans for PRDO

• Buy PRDO just over N/A, Target N/A, Stop Loss @ 0 Details

If n/a starts to move higher, the technical summary data tells us to buy PRDO just slightly above n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock moves against reverse the transaction. N/A is the first resistance level above 24.3113, and generally any break above resistance is a buy signal. In this case, the initial resistance, N/A, would break higher, so a buy signal would exist. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

• Short PRDO slightly near N/A, target 22.91, Stop Loss @ 0. Details

The technical summary data indicates a shortage of PRDO if there is no test with a downside target of 22.91. However, we should have a stop loss at 0 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, if the resistance, N/A, is tested, a short signal would occur. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Check the time stamp on this data. Updated AI-generated signals for Perdoceo Education Company (PRDO) available here: PRDO.

PRDO ratings for May 3:

Term →	Near	Middle	Long
Judgement	Strong	Strong	Strong
P1	0	0	5.43
P2	19.9	7.25pm	19.31
P3	22.91	21.56	21.46

AI generated signals for PRDO

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This report was produced using AI developed by Stock Traders Daily. Over the past twenty years, this proprietary AI has been refined to help identify the most appropriate trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The purpose of this specific report is to optimize trading Perdoceo Education Company (NASDAQ: PRDO) while building in prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but the support and resistance levels for PRDO 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 apply to the data in this report are the rules of technical analysis. For example, if PRDO is testing support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign that risk is under control or a short position exists, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (to avoid trading in the middle of a trading channel), but also acts as a level of risk control.

Swing trades, day trades and longer term trading plans:

This data has been refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for PRDO trading plans as well. These are all offered below the overview table.