Trading (EIX) With Integrated Risk Controls
November 09, 2024, 18:14 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EIX
- Buy EIX near 79.76 target 84.35 stop loss @ 79.53 Details
The technical summary data tells us to buy EIX near 79.76 with an upside target of 84.35. This data also tells us to set a stop loss @ 79.53 to protect against excessive loss in case the stock begins to move against the trade. 79.76 is the first level of support below 83.1 , and by rule, any test of support is a buy signal. In this case, support 79.76 would be being tested, so a buy signal would exist.
- Short EIX slightly under 84.35, target 79.76, stop loss @ 84.59 Details
The technical summary data is suggesting a short of EIX as it gets near 84.35 with a downside target of 79.76. We should have a stop loss in place at 84.59though. 84.35 is the first level of resistance above 83.1, and by rule, any test of resistance is a short signal. In this case, if resistance 84.35 is being tested, so a short signal would exist.
Swing Trading Plans for EIX
- Buy EIX slightly over 84.35, target 88.89, Stop Loss @ 84.11 Details
If 84.35 begins to break higher, the technical summary data tells us to buy EIX just slightly over 84.35, with an upside target of 88.89. The data also tells us to set a stop loss @ 84.11 in case the stock turns against the trade. 84.35 is the first level of resistance above 83.1, and by rule, any break above resistance is a buy signal. In this case, 84.35, 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 EIX slightly near 84.35, target 81.3, Stop Loss @ 84.59. Details
The technical summary data is suggesting a short of EIX if it tests 84.35 with a downside target of 81.3. We should have a stop loss in place at 84.59 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, 84.35, 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 EIX
- Buy EIX slightly over 84.35, target 88.89, Stop Loss @ 84.15 Details
If 84.35 begins to break higher, the technical summary data tells us to buy EIX just slightly over 84.35, with an upside target of 88.89. The data also tells us to set a stop loss @ 84.15 in case the stock turns against the trade. 84.35 is the first level of resistance above 83.1, and by rule, any break above resistance is a buy signal. In this case, 84.35, 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 EIX slightly near 84.35, target 82.18, Stop Loss @ 84.55. Details
The technical summary data is suggesting a short of EIX if it tests 84.35 with a downside target of 82.18. We should have a stop loss in place at 84.55 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, 84.35, 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 Edison International (EIX) available here: EIX.
EIX Ratings for November 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
79.76 |
| P2 |
80.93 |
79.46 |
84.35 |
| P3 |
82.18 |
81.3 |
88.89 |
AI Generated Signals for EIX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for EIX:
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