When (ENOV) Moves Investors should Listen
August 23, 2024, 18:50 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENOV
- Buy ENOV slightly over 42.61 target 49.74 stop loss @ 42.49 Details
The technical summary data tells us to buy ENOV near 42.61 with an upside target of 49.74. This data also tells us to set a stop loss @ 42.49 to protect against excessive loss in case the stock begins to move against the trade. 42.61 is the first level of support below 46.03 , and by rule, any test of support is a buy signal. In this case, support 42.61 would be being tested, so a buy signal would exist.
- Short ENOV slightly under 49.74, target 42.61, stop loss @ 49.88 Details
The technical summary data is suggesting a short of ENOV as it gets near 49.74 with a downside target of 42.61. We should have a stop loss in place at 49.88though. 49.74 is the first level of resistance above 46.03, and by rule, any test of resistance is a short signal. In this case, if resistance 49.74 is being tested, so a short signal would exist.
Swing Trading Plans for ENOV
- Buy ENOV slightly over 49.74, target 56.92, Stop Loss @ 49.6 Details
If 49.74 begins to break higher, the technical summary data tells us to buy ENOV just slightly over 49.74, with an upside target of 56.92. The data also tells us to set a stop loss @ 49.6 in case the stock turns against the trade. 49.74 is the first level of resistance above 46.03, and by rule, any break above resistance is a buy signal. In this case, 49.74, 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 49.74, target 45.34, Stop Loss @ 49.88. Details
The technical summary data is suggesting a short of ENOV if it tests 49.74 with a downside target of 45.34. We should have a stop loss in place at 49.88 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, 49.74, 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 49.74, target 56.92, Stop Loss @ 49.62 Details
If 49.74 begins to break higher, the technical summary data tells us to buy ENOV just slightly over 49.74, with an upside target of 56.92. The data also tells us to set a stop loss @ 49.62 in case the stock turns against the trade. 49.74 is the first level of resistance above 46.03, and by rule, any break above resistance is a buy signal. In this case, 49.74, 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 49.74, target 45.34, Stop Loss @ 49.86. Details
The technical summary data is suggesting a short of ENOV if it tests 49.74 with a downside target of 45.34. We should have a stop loss in place at 49.86 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, 49.74, 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 August 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
42.61 |
| P2 |
43.86 |
44.11 |
49.74 |
| P3 |
44.37 |
45.34 |
56.92 |
AI Generated Signals for ENOV
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Enovis Corporation (NASDAQ: ENOV) report below is a real world example. Included are trading plans for ENOV, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ENOV:
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