When the Price of (NRGU) Talks, People Listen

April 23, 2024, 11:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NRGU

• Buy NRGU slightly over 540.87 target 638.55 stop loss @ 539.31 Details

The technical summary data tells us to buy NRGU near 540.87 with an upside target of 638.55. This data also tells us to set a stop loss @ 539.31 to protect against excessive loss in case the stock begins to move against the trade. 540.87 is the first level of support below 635.43 , and by rule, any test of support is a buy signal. In this case, support 540.87 is being tested, a buy signal would exist.

• Short NRGU slightly under 638.55, target 540.87, stop loss @ 640.39 Details

The technical summary data is suggesting a short of NRGU as it gets near 638.55 with a downside target of 540.87. We should have a stop loss in place at 640.39though. 638.55 is the first level of resistance above 635.43, and by rule, any test of resistance is a short signal. In this case, if resistance 638.55 is being tested, a short signal would exist.

Swing Trading Plans for NRGU

• Buy NRGU slightly over 638.55, target n/a, Stop Loss @ 636.71 Details

If 638.55 begins to break higher, the technical summary data tells us to buy NRGU just slightly over 638.55, with an upside target of n/a. The data also tells us to set a stop loss @ 636.71 in case the stock turns against the trade. 638.55 is the first level of resistance above 635.43, and by rule, any break above resistance is a buy signal. In this case, 638.55, 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 NRGU slightly near 638.55, target 624.88, Stop Loss @ 640.39. Details

The technical summary data is suggesting a short of NRGU if it tests 638.55 with a downside target of 624.88. We should have a stop loss in place at 640.39 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, 638.55, 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 NRGU

• Buy NRGU slightly over 638.55, target 639, Stop Loss @ 637.06 Details

If 638.55 begins to break higher, the technical summary data tells us to buy NRGU just slightly over 638.55, with an upside target of 639. The data also tells us to set a stop loss @ 637.06 in case the stock turns against the trade. 638.55 is the first level of resistance above 635.43, and by rule, any break above resistance is a buy signal. In this case, 638.55, 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 NRGU slightly near 638.55, target 624.88, Stop Loss @ 640.04. Details

The technical summary data is suggesting a short of NRGU if it tests 638.55 with a downside target of 624.88. We should have a stop loss in place at 640.04 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, 638.55, 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 Bank Of Montreal Zc Sp Etn Redeem 25/03/2039 Usd 50 - Ser E Nrgu (NRGU) available here: NRGU.

NRGU Ratings for April 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	449.49
P2	614.61	583.72	540.87
P3	639	624.88	638.55

AI Generated Signals for NRGU

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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 Bank Of Montreal Zc Sp Etn Redeem 25/03/2039 Usd 50 - Ser E Nrgu (NASDAQ: NRGU) 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 NRGU 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.