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
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:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
12.61 |
P2 |
13.29 |
13.28 |
12.88 |
P3 |
0 |
|
13.14 |
AI Generated Signals for EFR
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for EFR: