How the (EL) price action is used to our Advantage
June 11, 2024, 06:30 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EL
- Buy EL slightly over 104.33 target 124.86 stop loss @ 104.03 Details
The technical summary data tells us to buy EL near 104.33 with an upside target of 124.86. This data also tells us to set a stop loss @ 104.03 to protect against excessive loss in case the stock begins to move against the trade. 104.33 is the first level of support below 118.81 , and by rule, any test of support is a buy signal. In this case, support 104.33 would be being tested, so a buy signal would exist.
- Short EL slightly under 124.86, target 104.33, stop loss @ 125.22 Details
The technical summary data is suggesting a short of EL as it gets near 124.86 with a downside target of 104.33. We should have a stop loss in place at 125.22though. 124.86 is the first level of resistance above 118.81, and by rule, any test of resistance is a short signal. In this case, if resistance 124.86 is being tested, so a short signal would exist.
Swing Trading Plans for EL
- Buy EL slightly over 118.85, target 122.76, Stop Loss @ 118.51 Details
If 118.85 begins to break higher, the technical summary data tells us to buy EL just slightly over 118.85, with an upside target of 122.76. The data also tells us to set a stop loss @ 118.51 in case the stock turns against the trade. 118.85 is the first level of resistance above 118.81, and by rule, any break above resistance is a buy signal. In this case, 118.85, 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 EL slightly near 118.85, target 104.33, Stop Loss @ 119.19. Details
The technical summary data is suggesting a short of EL if it tests 118.85 with a downside target of 104.33. We should have a stop loss in place at 119.19 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, 118.85, 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 EL
- Buy EL slightly over 118.85, target 120.65, Stop Loss @ 118.57 Details
If 118.85 begins to break higher, the technical summary data tells us to buy EL just slightly over 118.85, with an upside target of 120.65. The data also tells us to set a stop loss @ 118.57 in case the stock turns against the trade. 118.85 is the first level of resistance above 118.81, and by rule, any break above resistance is a buy signal. In this case, 118.85, 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 EL slightly near 118.85, target 118.57, Stop Loss @ 119.13. Details
The technical summary data is suggesting a short of EL if it tests 118.85 with a downside target of 118.57. We should have a stop loss in place at 119.13 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, 118.85, 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 Estee Lauder Companies Inc. (the) (EL) available here: EL.
EL Ratings for June 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
104.33 |
| P2 |
118.57 |
118.85 |
124.86 |
| P3 |
120.65 |
122.76 |
144.78 |
AI Generated Signals for EL
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Estee Lauder Companies Inc. (the) (NYSE: EL) data table below can help you with price action, and we have more details too. Trading plans for EL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EL:
pool ads
