When (EDN) Moves Investors should Listen
February 16, 2025, 09:58 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EDN
- Buy EDN near 38.22 target 47.05 stop loss @ 38.11 Details
The technical summary data tells us to buy EDN near 38.22 with an upside target of 47.05. This data also tells us to set a stop loss @ 38.11 to protect against excessive loss in case the stock begins to move against the trade. 38.22 is the first level of support below 39.76 , and by rule, any test of support is a buy signal. In this case, support 38.22 is being tested, a buy signal would exist.
- Short EDN slightly under 47.05, target 38.22, stop loss @ 47.19 Details
The technical summary data is suggesting a short of EDN as it gets near 47.05 with a downside target of 38.22. We should have a stop loss in place at 47.19though. 47.05 is the first level of resistance above 39.76, and by rule, any test of resistance is a short signal. In this case, if resistance 47.05 is being tested, a short signal would exist.
Swing Trading Plans for EDN
- Buy EDN slightly over 47.05, target n/a, Stop Loss @ 46.91 Details
If 47.05 begins to break higher, the technical summary data tells us to buy EDN just slightly over 47.05, with an upside target of n/a. The data also tells us to set a stop loss @ 46.91 in case the stock turns against the trade. 47.05 is the first level of resistance above 39.76, and by rule, any break above resistance is a buy signal. In this case, 47.05, 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 EDN slightly near 47.05, target 39.63, Stop Loss @ 47.19. Details
The technical summary data is suggesting a short of EDN if it tests 47.05 with a downside target of 39.63. We should have a stop loss in place at 47.19 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, 47.05, 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 EDN
- Buy EDN slightly over 47.05, target n/a, Stop Loss @ 46.94 Details
If 47.05 begins to break higher, the technical summary data tells us to buy EDN just slightly over 47.05, with an upside target of n/a. The data also tells us to set a stop loss @ 46.94 in case the stock turns against the trade. 47.05 is the first level of resistance above 39.76, and by rule, any break above resistance is a buy signal. In this case, 47.05, 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 EDN slightly near 47.05, target 39.63, Stop Loss @ 47.16. Details
The technical summary data is suggesting a short of EDN if it tests 47.05 with a downside target of 39.63. We should have a stop loss in place at 47.16 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, 47.05, 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 Empresa Distribuidora Y Comercializadora Norte S.a. (edenor) American Depositary Shares (EDN) available here: EDN.
EDN Ratings for February 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
30.62 |
| P2 |
37.51 |
37.56 |
38.22 |
| P3 |
39.29 |
39.63 |
47.05 |
AI Generated Signals for EDN
Blue = Current Price
Red= Resistance
Green = Support
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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 Empresa Distribuidora Y Comercializadora Norte S.a. (edenor) American Depositary Shares (NYSE: EDN) report below is a real world example. Included are trading plans for EDN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EDN:
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