September 01, 2024, 04:30 am ET, BY Neal - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ETN
- Buy ETN slightly over 301.87 target 335.15 stop loss @ 301 Details
The technical summary data tells us to buy ETN near 301.87 with an upside target of 335.15. This data also tells us to set a stop loss @ 301 to protect against excessive loss in case the stock begins to move against the trade. 301.87 is the first level of support below 306.93 , and by rule, any test of support is a buy signal. In this case, support 301.87 would be being tested, so a buy signal would exist.
- Short ETN slightly under 335.15, target 301.87, stop loss @ 336.12 Details
The technical summary data is suggesting a short of ETN as it gets near 335.15 with a downside target of 301.87. We should have a stop loss in place at 336.12though. 335.15 is the first level of resistance above 306.93, and by rule, any test of resistance is a short signal. In this case, if resistance 335.15 is being tested, so a short signal would exist.
Swing Trading Plans for ETN
- Buy ETN slightly over 335.15, target 368.14, Stop Loss @ 334.18 Details
If 335.15 begins to break higher, the technical summary data tells us to buy ETN just slightly over 335.15, with an upside target of 368.14. The data also tells us to set a stop loss @ 334.18 in case the stock turns against the trade. 335.15 is the first level of resistance above 306.93, and by rule, any break above resistance is a buy signal. In this case, 335.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ETN slightly near 335.15, target 304.3, Stop Loss @ 336.12. Details
The technical summary data is suggesting a short of ETN if it tests 335.15 with a downside target of 304.3. We should have a stop loss in place at 336.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 335.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ETN
- Buy ETN slightly over 306.97, target 335.15, Stop Loss @ 306.25 Details
If 306.97 begins to break higher, the technical summary data tells us to buy ETN just slightly over 306.97, with an upside target of 335.15. The data also tells us to set a stop loss @ 306.25 in case the stock turns against the trade. 306.97 is the first level of resistance above 306.93, and by rule, any break above resistance is a buy signal. In this case, 306.97, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ETN slightly near 306.97, target 304.3, Stop Loss @ 307.69. Details
The technical summary data is suggesting a short of ETN if it tests 306.97 with a downside target of 304.3. We should have a stop loss in place at 307.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 306.97, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Eaton Corporation Plc (ETN) available here: ETN.
ETN Ratings for September 01:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Strong |
P1 |
0 |
0 |
301.87 |
P2 |
299.99 |
296.27 |
335.15 |
P3 |
306.97 |
304.3 |
368.14 |
AI Generated Signals for ETN
Blue = Current Price
Red = Resistance
Green = Support
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