pool adsEnergen $EGN Technical Update
The Energen (NYSE: EGN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for EGN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 72.93 | 70.90 | 69.70 |
| P2 | 76.38 | 76.91 | 77.31 |
| P3 | 78.89 | 82.55 | 84.62 |
Support and Resistance Plot Chart for EGN
Long Term Trading Plans for EGN
September 15, 2018, 8:00 am ET
The Technical Summary and Trading Plans for EGN 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 EGN Report.
EGN - (Long) Support Plan
Buy over 77.31 target 84.62 stop loss @ 77.05.
The technical summary data tells us to buy EGN near 77.31 with an upside target of 84.62. This data also tells us to set a stop loss @ 77.05 to protect against excessive loss in case the stock begins to move against the trade. 77.31 is the first level of support below 77.49 , and by rule, any test of support is a buy signal. In this case, support 77.31 is being tested, a buy signal would exist.
EGN - (Short) Resistance Plan
Short under 84.62 target 77.31 stop loss @ 84.88
The technical summary data is suggesting a short of EGN as it gets near 84.62 with a downside target of 77.31. We should have a stop loss in place at 84.88 though. 84.62 is the first level of resistance above 77.49, and by rule, any test of resistance is a short signal. In this case, if resistance 84.62 is being tested, a short signal would exist.
