Learn to Evaluate (ELAN) using the Charts
November 09, 2024, 18:16 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ELAN
- Buy ELAN near 12.3 target 14.68 stop loss @ 12.26 Details
The technical summary data tells us to buy ELAN near 12.3 with an upside target of 14.68. This data also tells us to set a stop loss @ 12.26 to protect against excessive loss in case the stock begins to move against the trade. 12.3 is the first level of support below 14.07 , and by rule, any test of support is a buy signal. In this case, support 12.3 would be being tested, so a buy signal would exist.
- Short ELAN slightly under 14.68, target 12.3, stop loss @ 14.72 Details
The technical summary data is suggesting a short of ELAN as it gets near 14.68 with a downside target of 12.3. We should have a stop loss in place at 14.72though. 14.68 is the first level of resistance above 14.07, and by rule, any test of resistance is a short signal. In this case, if resistance 14.68 is being tested, so a short signal would exist.
Swing Trading Plans for ELAN
- Buy ELAN slightly over 14.68, target 17.06, Stop Loss @ 14.64 Details
If 14.68 begins to break higher, the technical summary data tells us to buy ELAN just slightly over 14.68, with an upside target of 17.06. The data also tells us to set a stop loss @ 14.64 in case the stock turns against the trade. 14.68 is the first level of resistance above 14.07, and by rule, any break above resistance is a buy signal. In this case, 14.68, 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 14.68, target 13.78, Stop Loss @ 14.72. Details
The technical summary data is suggesting a short of ELAN if it tests 14.68 with a downside target of 13.78. We should have a stop loss in place at 14.72 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, 14.68, 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 14.38, target 14.68, Stop Loss @ 14.35 Details
If 14.38 begins to break higher, the technical summary data tells us to buy ELAN just slightly over 14.38, with an upside target of 14.68. The data also tells us to set a stop loss @ 14.35 in case the stock turns against the trade. 14.38 is the first level of resistance above 14.07, and by rule, any break above resistance is a buy signal. In this case, 14.38, 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 14.38, target 13.78, Stop Loss @ 14.41. Details
The technical summary data is suggesting a short of ELAN if it tests 14.38 with a downside target of 13.78. We should have a stop loss in place at 14.41 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, 14.38, 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 November 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
12.3 |
| P2 |
13.42 |
12.8 |
14.68 |
| P3 |
14.38 |
13.78 |
17.06 |
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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