Learn to Evaluate (ELAN) using the Charts
March 09, 2024, 13:20 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ELAN
- Buy ELAN slightly over 14.86 target 16.67 stop loss @ 14.82 Details
The technical summary data tells us to buy ELAN near 14.86 with an upside target of 16.67. This data also tells us to set a stop loss @ 14.82 to protect against excessive loss in case the stock begins to move against the trade. 14.86 is the first level of support below 16.45 , and by rule, any test of support is a buy signal. In this case, support 14.86 is being tested, a buy signal would exist.
- Short ELAN slightly under 16.67, target 14.86, stop loss @ 16.72 Details
The technical summary data is suggesting a short of ELAN as it gets near 16.67 with a downside target of 14.86. We should have a stop loss in place at 16.72though. 16.67 is the first level of resistance above 16.45, and by rule, any test of resistance is a short signal. In this case, if resistance 16.67 is being tested, a short signal would exist.
Swing Trading Plans for ELAN
- Buy ELAN slightly over 16.67, target n/a, Stop Loss @ 16.62 Details
If 16.67 begins to break higher, the technical summary data tells us to buy ELAN just slightly over 16.67, with an upside target of n/a. The data also tells us to set a stop loss @ 16.62 in case the stock turns against the trade. 16.67 is the first level of resistance above 16.45, and by rule, any break above resistance is a buy signal. In this case, 16.67, 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 ELAN slightly near 16.67, target 16.34, Stop Loss @ 16.72. Details
The technical summary data is suggesting a short of ELAN if it tests 16.67 with a downside target of 16.34. We should have a stop loss in place at 16.72 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, 16.67, 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 ELAN
- Buy ELAN slightly over 16.67, target n/a, Stop Loss @ 16.63 Details
If 16.67 begins to break higher, the technical summary data tells us to buy ELAN just slightly over 16.67, with an upside target of n/a. The data also tells us to set a stop loss @ 16.63 in case the stock turns against the trade. 16.67 is the first level of resistance above 16.45, and by rule, any break above resistance is a buy signal. In this case, 16.67, 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 ELAN slightly near 16.67, target 16.43, Stop Loss @ 16.71. Details
The technical summary data is suggesting a short of ELAN if it tests 16.67 with a downside target of 16.43. We should have a stop loss in place at 16.71 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, 16.67, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Elanco Animal Health Incorporated (ELAN) available here: ELAN.
ELAN Ratings for March 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
12.98 |
| P2 |
16.17 |
15.92 |
14.86 |
| P3 |
16.43 |
16.34 |
16.67 |
AI Generated Signals for ELAN
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Elanco Animal Health Incorporated (NASDAQ: ELAN) report below can help you understand how to do this. The trading plans for ELAN, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ELAN:
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