When the Price of (ENSG) Talks, People Listen
June 11, 2024, 07:42 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENSG
- Buy ENSG slightly over 118.68 target 125.58 stop loss @ 118.34 Details
The technical summary data tells us to buy ENSG near 118.68 with an upside target of 125.58. This data also tells us to set a stop loss @ 118.34 to protect against excessive loss in case the stock begins to move against the trade. 118.68 is the first level of support below 119.41 , and by rule, any test of support is a buy signal. In this case, support 118.68 would be being tested, so a buy signal would exist.
- Short ENSG slightly under 125.58, target 118.68, stop loss @ 125.94 Details
The technical summary data is suggesting a short of ENSG as it gets near 125.58 with a downside target of 118.68. We should have a stop loss in place at 125.94though. 125.58 is the first level of resistance above 119.41, and by rule, any test of resistance is a short signal. In this case, if resistance 125.58 is being tested, so a short signal would exist.
Swing Trading Plans for ENSG
- Buy ENSG slightly over 121.13, target 125.58, Stop Loss @ 120.78 Details
If 121.13 begins to break higher, the technical summary data tells us to buy ENSG just slightly over 121.13, with an upside target of 125.58. The data also tells us to set a stop loss @ 120.78 in case the stock turns against the trade. 121.13 is the first level of resistance above 119.41, and by rule, any break above resistance is a buy signal. In this case, 121.13, 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 ENSG slightly near 121.13, target 118.68, Stop Loss @ 121.48. Details
The technical summary data is suggesting a short of ENSG if it tests 121.13 with a downside target of 118.68. We should have a stop loss in place at 121.48 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, 121.13, 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 ENSG
- Buy ENSG slightly over 121.13, target 125.58, Stop Loss @ 120.85 Details
If 121.13 begins to break higher, the technical summary data tells us to buy ENSG just slightly over 121.13, with an upside target of 125.58. The data also tells us to set a stop loss @ 120.85 in case the stock turns against the trade. 121.13 is the first level of resistance above 119.41, and by rule, any break above resistance is a buy signal. In this case, 121.13, 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 ENSG slightly near 121.13, target 118.99, Stop Loss @ 121.41. Details
The technical summary data is suggesting a short of ENSG if it tests 121.13 with a downside target of 118.99. We should have a stop loss in place at 121.41 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, 121.13, 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 The Ensign Group Inc. (ENSG) available here: ENSG.
ENSG Ratings for June 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
118.68 |
| P2 |
116.93 |
118.08 |
125.58 |
| P3 |
118.99 |
121.13 |
132.74 |
AI Generated Signals for ENSG
Blue = Current Price
Red= Resistance
Green = Support
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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 The Ensign Group Inc. (NASDAQ: ENSG) 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 ENSG 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.
Fundamental Charts for ENSG:
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