When the Price of (ECC) Talks, People Listen
September 18, 2024, 22:32 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ECC
- Buy ECC near 9.69 target 10.01 stop loss @ 9.66 Details
The technical summary data tells us to buy ECC near 9.69 with an upside target of 10.01. This data also tells us to set a stop loss @ 9.66 to protect against excessive loss in case the stock begins to move against the trade. 9.69 is the first level of support below 9.8 , and by rule, any test of support is a buy signal. In this case, support 9.69 would be being tested, so a buy signal would exist.
- Short ECC slightly under 10.01, target 9.69, stop loss @ 10.04 Details
The technical summary data is suggesting a short of ECC as it gets near 10.01 with a downside target of 9.69. We should have a stop loss in place at 10.04though. 10.01 is the first level of resistance above 9.8, and by rule, any test of resistance is a short signal. In this case, if resistance 10.01 is being tested, so a short signal would exist.
Swing Trading Plans for ECC
- Buy ECC slightly over 10.01, target n/a, Stop Loss @ 9.98 Details
If 10.01 begins to break higher, the technical summary data tells us to buy ECC just slightly over 10.01, with an upside target of n/a. The data also tells us to set a stop loss @ 9.98 in case the stock turns against the trade. 10.01 is the first level of resistance above 9.8, and by rule, any break above resistance is a buy signal. In this case, 10.01, 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 ECC slightly near 10.01, target n/a, Stop Loss @ 10.04. Details
The technical summary data is suggesting a short of ECC if it tests 10.01 with a downside target of n/a. We should have a stop loss in place at 10.04 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, 10.01, 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 ECC
- Buy ECC slightly over 10.01, target 10.27, Stop Loss @ 9.99 Details
If 10.01 begins to break higher, the technical summary data tells us to buy ECC just slightly over 10.01, with an upside target of 10.27. The data also tells us to set a stop loss @ 9.99 in case the stock turns against the trade. 10.01 is the first level of resistance above 9.8, and by rule, any break above resistance is a buy signal. In this case, 10.01, 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 ECC slightly near 10.01, target n/a, Stop Loss @ 10.03. Details
The technical summary data is suggesting a short of ECC if it tests 10.01 with a downside target of n/a. We should have a stop loss in place at 10.03 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, 10.01, 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 Eagle Point Credit Company Inc. (ECC) available here: ECC.
ECC Ratings for September 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
9.69 |
| P2 |
9.8 |
9.85 |
10.01 |
| P3 |
0 |
|
10.27 |
AI Generated Signals for ECC
Blue = Current Price
Red= Resistance
Green = Support
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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 Eagle Point Credit Company Inc. (NYSE: ECC) 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 ECC 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.
Fundamental Charts for ECC:
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