(EFR) Trading Advice

February 05, 2025, 13:28 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EFR

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Swing Trading Plans for EFR

• Buy EFR slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy EFR just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 13.14, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 EFR slightly near n/a, target 12.88, Stop Loss @ 0. Details

The technical summary data is suggesting a short of EFR if it tests n/a with a downside target of 12.88. We should have a stop loss in place at 0 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, n/a, 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 EFR

• Buy EFR slightly over 13.29, target n/a, Stop Loss @ 13.26 Details

If 13.29 begins to break higher, the technical summary data tells us to buy EFR just slightly over 13.29, with an upside target of n/a. The data also tells us to set a stop loss @ 13.26 in case the stock turns against the trade. 13.29 is the first level of resistance above 13.14, and by rule, any break above resistance is a buy signal. In this case, 13.29, 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 EFR slightly near 13.29, target 12.88, Stop Loss @ 13.32. Details

The technical summary data is suggesting a short of EFR if it tests 13.29 with a downside target of 12.88. We should have a stop loss in place at 13.32 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, 13.29, 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 Vance Senior Floating-rate Fund Of Beneficial Interest (EFR) available here: EFR.

EFR Ratings for February 05:

AI Generated Signals for EFR

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Eaton Vance Senior Floating-rate Fund Of Beneficial Interest (NYSE: EFR) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for EFR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if EFR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for EFR too.  All of these are offered below the Summary Table.