Trading (EQL) With Integrated Risk Controls
January 07, 2024, 19:40 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EQL
- Buy EQL slightly over 105.75 target 109.23 stop loss @ 105.44 Details
The technical summary data tells us to buy EQL near 105.75 with an upside target of 109.23. This data also tells us to set a stop loss @ 105.44 to protect against excessive loss in case the stock begins to move against the trade. 105.75 is the first level of support below 108.77 , and by rule, any test of support is a buy signal. In this case, support 105.75 is being tested, a buy signal would exist.
- Short EQL slightly under 109.23, target 105.75, stop loss @ 109.55 Details
The technical summary data is suggesting a short of EQL as it gets near 109.23 with a downside target of 105.75. We should have a stop loss in place at 109.55though. 109.23 is the first level of resistance above 108.77, and by rule, any test of resistance is a short signal. In this case, if resistance 109.23 is being tested, a short signal would exist.
Swing Trading Plans for EQL
- Buy EQL slightly over 109.23, target 109.74, Stop Loss @ 108.91 Details
If 109.23 begins to break higher, the technical summary data tells us to buy EQL just slightly over 109.23, with an upside target of 109.74. The data also tells us to set a stop loss @ 108.91 in case the stock turns against the trade. 109.23 is the first level of resistance above 108.77, and by rule, any break above resistance is a buy signal. In this case, 109.23, 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 EQL slightly near 109.23, target 108.64, Stop Loss @ 109.55. Details
The technical summary data is suggesting a short of EQL if it tests 109.23 with a downside target of 108.64. We should have a stop loss in place at 109.55 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, 109.23, 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 EQL
- Buy EQL slightly over 108.96, target 109.23, Stop Loss @ 108.71 Details
If 108.96 begins to break higher, the technical summary data tells us to buy EQL just slightly over 108.96, with an upside target of 109.23. The data also tells us to set a stop loss @ 108.71 in case the stock turns against the trade. 108.96 is the first level of resistance above 108.77, and by rule, any break above resistance is a buy signal. In this case, 108.96, 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 EQL slightly near 108.96, target 108.64, Stop Loss @ 109.21. Details
The technical summary data is suggesting a short of EQL if it tests 108.96 with a downside target of 108.64. We should have a stop loss in place at 109.21 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, 108.96, 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 Alps Equal Sector Weight Etf (EQL) available here: EQL.
EQL Ratings for January 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
101.86 |
| P2 |
108.48 |
108.64 |
105.75 |
| P3 |
108.96 |
109.74 |
109.23 |
AI Generated Signals for EQL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for EQL:
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