Eagle Materials EXP Investment Advice

Source: Stock Traders Daily

Longer Term Trading Plans for EXP
  • Buy EXP over 147.03 target 159.99 stop loss @ 146.61 Details
  • The technical summary data tells us to buy EXP near 147.03 with an upside target of 159.99. This data also tells us to set a stop loss @ 146.61 to protect against excessive loss in case the stock begins to move against the trade. 147.03 is the first level of support below 158.87 , and by rule, any test of support is a buy signal. In this case, support 147.03 would be being tested, so a buy signal would exist.

  • Short EXP under 159.99, target 147.03, stop loss @ 160.45 Details
  • The technical summary data is suggesting a short of EXP as it gets near 159.99 with a downside target of 147.03. We should have a stop loss in place at 160.45though. 159.99 is the first level of resistance above 158.87, and by rule, any test of resistance is a short signal. In this case, if resistance 159.99 is being tested, so a short signal would exist.

Swing Trading Plans for EXP
  • Buy EXP over 159.99, target 162.91, Stop Loss @ 159.53 Details
  • If 159.99 begins to break higher, the technical summary data tells us to buy EXP just over 159.99, with an upside target of 162.91. The data also tells us to set a stop loss @ 159.53 in case the stock turns against the trade. 159.99 is the first level of resistance above 158.87, and by rule, any break above resistance is a buy signal. In this case, 159.99, 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 EXP near 159.99, target 157.24, Stop Loss @ 160.45. Details
  • The technical summary data is suggesting a short of EXP if it tests 159.99 with a downside target of 157.24. We should have a stop loss in place at 160.45 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, 159.99, 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 EXP
  • Buy EXP over 159.99, target 162.91, Stop Loss @ 159.62 Details
  • If 159.99 begins to break higher, the technical summary data tells us to buy EXP just over 159.99, with an upside target of 162.91. The data also tells us to set a stop loss @ 159.62 in case the stock turns against the trade. 159.99 is the first level of resistance above 158.87, and by rule, any break above resistance is a buy signal. In this case, 159.99, 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 EXP near 159.99, target 158.11, Stop Loss @ 160.36. Details
  • The technical summary data is suggesting a short of EXP if it tests 159.99 with a downside target of 158.11. We should have a stop loss in place at 160.36 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, 159.99, 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.

EXP Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 147.03
P2 158.11 157.24 159.99
P3 162.77 162.91 173.11

EXP Long Term Analysis for January 15 2022


EXP Swing Trading Analysis for January 15 2022


EXP Day Trading Analysis for January 15 2022

The support and resistance levels for Eagle Materials (NYSE: EXP) define prudent trading and investing plans, which are revealed herein.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for EXP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if EXP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for EXP too.  All of these are offered below the Summary Table.

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