When the Price of (ENOV) Talks, People Listen

September 19, 2024, 01:36 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ENOV

• Buy ENOV near 40.8 target 47.87 stop loss @ 40.68 Details

The technical summary data tells us to buy ENOV near 40.8 with an upside target of 47.87. This data also tells us to set a stop loss @ 40.68 to protect against excessive loss in case the stock begins to move against the trade. 40.8 is the first level of support below 43.64 , and by rule, any test of support is a buy signal. In this case, support 40.8 would be being tested, so a buy signal would exist.

• Short ENOV slightly under 47.87, target 40.8, stop loss @ 48.01 Details

The technical summary data is suggesting a short of ENOV as it gets near 47.87 with a downside target of 40.8. We should have a stop loss in place at 48.01though. 47.87 is the first level of resistance above 43.64, and by rule, any test of resistance is a short signal. In this case, if resistance 47.87 is being tested, so a short signal would exist.

Swing Trading Plans for ENOV

• Buy ENOV slightly over 47.87, target 55, Stop Loss @ 47.73 Details

If 47.87 begins to break higher, the technical summary data tells us to buy ENOV just slightly over 47.87, with an upside target of 55. The data also tells us to set a stop loss @ 47.73 in case the stock turns against the trade. 47.87 is the first level of resistance above 43.64, and by rule, any break above resistance is a buy signal. In this case, 47.87, 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 ENOV slightly near 47.87, target 43.36, Stop Loss @ 48.01. Details

The technical summary data is suggesting a short of ENOV if it tests 47.87 with a downside target of 43.36. We should have a stop loss in place at 48.01 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, 47.87, 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 ENOV

• Buy ENOV slightly over 47.87, target 55, Stop Loss @ 47.76 Details

If 47.87 begins to break higher, the technical summary data tells us to buy ENOV just slightly over 47.87, with an upside target of 55. The data also tells us to set a stop loss @ 47.76 in case the stock turns against the trade. 47.87 is the first level of resistance above 43.64, and by rule, any break above resistance is a buy signal. In this case, 47.87, 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 ENOV slightly near 47.87, target 43.6, Stop Loss @ 47.98. Details

The technical summary data is suggesting a short of ENOV if it tests 47.87 with a downside target of 43.6. We should have a stop loss in place at 47.98 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, 47.87, 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 Enovis Corporation (ENOV) available here: ENOV.

ENOV Ratings for September 19:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	40.8
P2	42.66	41.96	47.87
P3	43.6	43.36	55

AI Generated Signals for ENOV

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Enovis Corporation (NASDAQ: ENOV) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ENOV can be used as an example, and demonstrate how to do this for other stocks too.  This 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.