(ESE) Investment Report

March 01, 2024, 15:22 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ESE

• Buy ESE slightly over 101.24 target 107.82 stop loss @ 100.95 Details

The technical summary data tells us to buy ESE near 101.24 with an upside target of 107.82. This data also tells us to set a stop loss @ 100.95 to protect against excessive loss in case the stock begins to move against the trade. 101.24 is the first level of support below 101.5 , and by rule, any test of support is a buy signal. In this case, support 101.24 would be being tested, so a buy signal would exist.

• Short ESE slightly under 107.82, target 101.24, stop loss @ 108.13 Details

The technical summary data is suggesting a short of ESE as it gets near 107.82 with a downside target of 101.24. We should have a stop loss in place at 108.13though. 107.82 is the first level of resistance above 101.5, and by rule, any test of resistance is a short signal. In this case, if resistance 107.82 is being tested, so a short signal would exist.

Swing Trading Plans for ESE

• Buy ESE slightly over 104.67, target 107.82, Stop Loss @ 104.37 Details

If 104.67 begins to break higher, the technical summary data tells us to buy ESE just slightly over 104.67, with an upside target of 107.82. The data also tells us to set a stop loss @ 104.37 in case the stock turns against the trade. 104.67 is the first level of resistance above 101.5, and by rule, any break above resistance is a buy signal. In this case, 104.67, 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 ESE slightly near 104.67, target 101.27, Stop Loss @ 104.97. Details

The technical summary data is suggesting a short of ESE if it tests 104.67 with a downside target of 101.27. We should have a stop loss in place at 104.97 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, 104.67, 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 ESE

• Buy ESE slightly over 102.34, target 104.67, Stop Loss @ 102.1 Details

If 102.34 begins to break higher, the technical summary data tells us to buy ESE just slightly over 102.34, with an upside target of 104.67. The data also tells us to set a stop loss @ 102.1 in case the stock turns against the trade. 102.34 is the first level of resistance above 101.5, and by rule, any break above resistance is a buy signal. In this case, 102.34, 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 ESE slightly near 102.34, target 101.44, Stop Loss @ 102.58. Details

The technical summary data is suggesting a short of ESE if it tests 102.34 with a downside target of 101.44. We should have a stop loss in place at 102.58 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, 102.34, 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 Esco Technologies Inc. (ESE) available here: ESE.

ESE Ratings for March 01:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	101.24
P2	101.44	101.27	107.82
P3	102.34	104.67	114.57

AI Generated Signals for ESE

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Esco Technologies Inc. (NYSE: ESE) while incorporating prudent risk controls.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ESE 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 ESE too.  All of these are offered below the Summary Table.