Trading (ES) With Integrated Risk Controls
January 18, 2024, 12:32 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ES
- Buy ES slightly over 50.57 target 55.76 stop loss @ 50.42 Details
The technical summary data tells us to buy ES near 50.57 with an upside target of 55.76. This data also tells us to set a stop loss @ 50.42 to protect against excessive loss in case the stock begins to move against the trade. 50.57 is the first level of support below 53.73 , and by rule, any test of support is a buy signal. In this case, support 50.57 would be being tested, so a buy signal would exist.
- Short ES slightly under 55.76, target 50.57, stop loss @ 55.92 Details
The technical summary data is suggesting a short of ES as it gets near 55.76 with a downside target of 50.57. We should have a stop loss in place at 55.92though. 55.76 is the first level of resistance above 53.73, and by rule, any test of resistance is a short signal. In this case, if resistance 55.76 is being tested, so a short signal would exist.
Swing Trading Plans for ES
- Buy ES slightly over 55.76, target 56.66, Stop Loss @ 55.6 Details
If 55.76 begins to break higher, the technical summary data tells us to buy ES just slightly over 55.76, with an upside target of 56.66. The data also tells us to set a stop loss @ 55.6 in case the stock turns against the trade. 55.76 is the first level of resistance above 53.73, and by rule, any break above resistance is a buy signal. In this case, 55.76, 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 ES slightly near 55.76, target 53.66, Stop Loss @ 55.92. Details
The technical summary data is suggesting a short of ES if it tests 55.76 with a downside target of 53.66. We should have a stop loss in place at 55.92 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, 55.76, 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 ES
- Buy ES slightly over 54.78, target 55.79, Stop Loss @ 54.65 Details
If 54.78 begins to break higher, the technical summary data tells us to buy ES just slightly over 54.78, with an upside target of 55.79. The data also tells us to set a stop loss @ 54.65 in case the stock turns against the trade. 54.78 is the first level of resistance above 53.73, and by rule, any break above resistance is a buy signal. In this case, 54.78, 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 ES slightly near 54.78, target 53.66, Stop Loss @ 54.91. Details
The technical summary data is suggesting a short of ES if it tests 54.78 with a downside target of 53.66. We should have a stop loss in place at 54.91 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, 54.78, 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 Eversource Energy (d/b/a) (ES) available here: ES.
ES Ratings for January 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
50.57 |
| P2 |
54.78 |
53.66 |
55.76 |
| P3 |
55.79 |
56.66 |
60.6 |
AI Generated Signals for ES
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ES:
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