When (EVR) Moves Investors should Listen

January 07, 2024, 22:04 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EVR

• Buy EVR slightly over 162.68 target n/a stop loss @ 162.21. Details

The technical summary data tells us to buy EVR near 162.68, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 162.21 to protect against excessive loss in case the stock begins to move against the trade. 162.68 is the first level of support below 166.59, and by rule, any test of support is a buy signal. In this case, if support 162.68 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for EVR

• Buy EVR slightly over 170.53, target n/a, Stop Loss @ 170.04 Details

If 170.53 begins to break higher, the technical summary data tells us to buy EVR just slightly over 170.53, with an upside target of n/a. The data also tells us to set a stop loss @ 170.04 in case the stock turns against the trade. 170.53 is the first level of resistance above 166.59, and by rule, any break above resistance is a buy signal. In this case, 170.53, 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 EVR slightly near 170.53, target 164.13, Stop Loss @ 171.02. Details

The technical summary data is suggesting a short of EVR if it tests 170.53 with a downside target of 164.13. We should have a stop loss in place at 171.02 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, 170.53, 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 EVR

• Buy EVR slightly over 170.53, target n/a, Stop Loss @ 170.13 Details

If 170.53 begins to break higher, the technical summary data tells us to buy EVR just slightly over 170.53, with an upside target of n/a. The data also tells us to set a stop loss @ 170.13 in case the stock turns against the trade. 170.53 is the first level of resistance above 166.59, and by rule, any break above resistance is a buy signal. In this case, 170.53, 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 EVR slightly near 170.53, target 165.41, Stop Loss @ 170.93. Details

The technical summary data is suggesting a short of EVR if it tests 170.53 with a downside target of 165.41. We should have a stop loss in place at 170.93 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, 170.53, 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  Evercore Inc. Class A (EVR) available here: EVR.

EVR Ratings for January 07:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	134.56
P2	161.47	164.13	148.84
P3	165.41	170.53	162.68

AI Generated Signals for EVR

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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  Evercore Inc. Class A (NYSE: EVR) report below is a real world example. Included are trading plans for EVR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.