When the Price of (ECL) Talks, People Listen

July 18, 2024, 20:42 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ECL

• Buy ECL slightly over 242.14 target 254.81 stop loss @ 241.44 Details

The technical summary data tells us to buy ECL near 242.14 with an upside target of 254.81. This data also tells us to set a stop loss @ 241.44 to protect against excessive loss in case the stock begins to move against the trade. 242.14 is the first level of support below 242.27 , and by rule, any test of support is a buy signal. In this case, support 242.14 is being tested, a buy signal would exist.

• Short ECL slightly under 254.81, target 242.14, stop loss @ 255.55 Details

The technical summary data is suggesting a short of ECL as it gets near 254.81 with a downside target of 242.14. We should have a stop loss in place at 255.55though. 254.81 is the first level of resistance above 242.27, and by rule, any test of resistance is a short signal. In this case, if resistance 254.81 is being tested, a short signal would exist.

Swing Trading Plans for ECL

• Buy ECL slightly over 243.54, target 248.83, Stop Loss @ 242.84 Details

If 243.54 begins to break higher, the technical summary data tells us to buy ECL just slightly over 243.54, with an upside target of 248.83. The data also tells us to set a stop loss @ 242.84 in case the stock turns against the trade. 243.54 is the first level of resistance above 242.27, and by rule, any break above resistance is a buy signal. In this case, 243.54, 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 ECL slightly near 243.54, target 242.14, Stop Loss @ 244.24. Details

The technical summary data is suggesting a short of ECL if it tests 243.54 with a downside target of 242.14. We should have a stop loss in place at 244.24 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, 243.54, 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 ECL

• Buy ECL slightly over 243.54, target 243.81, Stop Loss @ 242.97 Details

If 243.54 begins to break higher, the technical summary data tells us to buy ECL just slightly over 243.54, with an upside target of 243.81. The data also tells us to set a stop loss @ 242.97 in case the stock turns against the trade. 243.54 is the first level of resistance above 242.27, and by rule, any break above resistance is a buy signal. In this case, 243.54, 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 ECL slightly near 243.54, target 242.14, Stop Loss @ 244.11. Details

The technical summary data is suggesting a short of ECL if it tests 243.54 with a downside target of 242.14. We should have a stop loss in place at 244.11 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, 243.54, 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 Ecolab Inc. (ECL) available here: ECL.

ECL Ratings for July 18:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	229.17
P2	241.68	243.54	242.14
P3	243.81	248.83	254.81

AI Generated Signals for ECL

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Ecolab Inc. (NYSE: ECL) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ECL can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.