Learn to Evaluate (ECCF) using the Charts
November 18, 2024, 00:18 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ECCF
- Buy ECCF near 24.4 target 25.02 stop loss @ 24.33 Details
The technical summary data tells us to buy ECCF near 24.4 with an upside target of 25.02. This data also tells us to set a stop loss @ 24.33 to protect against excessive loss in case the stock begins to move against the trade. 24.4 is the first level of support below 24.9 , and by rule, any test of support is a buy signal. In this case, support 24.4 is being tested, a buy signal would exist.
- Short ECCF slightly under 25.02, target 24.4, stop loss @ 25.09 Details
The technical summary data is suggesting a short of ECCF as it gets near 25.02 with a downside target of 24.4. We should have a stop loss in place at 25.09though. 25.02 is the first level of resistance above 24.9, and by rule, any test of resistance is a short signal. In this case, if resistance 25.02 is being tested, a short signal would exist.
Swing Trading Plans for ECCF
- Buy ECCF 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 ECCF 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 24.9, 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 ECCF slightly near n/a, target 24.4, Stop Loss @ 0. Details
The technical summary data is suggesting a short of ECCF if it tests n/a with a downside target of 24.4. 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 ECCF
- Buy ECCF slightly over 25.02, target n/a, Stop Loss @ 24.96 Details
If 25.02 begins to break higher, the technical summary data tells us to buy ECCF just slightly over 25.02, with an upside target of n/a. The data also tells us to set a stop loss @ 24.96 in case the stock turns against the trade. 25.02 is the first level of resistance above 24.9, and by rule, any break above resistance is a buy signal. In this case, 25.02, 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 ECCF slightly near 25.02, target 24.4, Stop Loss @ 25.08. Details
The technical summary data is suggesting a short of ECCF if it tests 25.02 with a downside target of 24.4. We should have a stop loss in place at 25.08 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, 25.02, 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. 8.00% Series F Term Preferred Stock Due 2029 (ECCF) available here: ECCF.
ECCF Ratings for November 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
23.7 |
| P2 |
24.95 |
24.96 |
24.4 |
| P3 |
0 |
|
25.02 |
AI Generated Signals for ECCF
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Eagle Point Credit Company Inc. 8.00% Series F Term Preferred Stock Due 2029 (NASDAQ: ECCF) report below can help you understand how to do this. The trading plans for ECCF, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ECCF:
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