June 01, 2024, 21:38 pm ET, BY Neal - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NRGU
- Buy NRGU slightly over 466.1 target 559.1 stop loss @ 464.75 Details
The technical summary data tells us to buy NRGU near 466.1 with an upside target of 559.1. This data also tells us to set a stop loss @ 464.75 to protect against excessive loss in case the stock begins to move against the trade. 466.1 is the first level of support below 527.78 , and by rule, any test of support is a buy signal. In this case, support 466.1 would be being tested, so a buy signal would exist.
- Short NRGU slightly under 559.1, target 466.1, stop loss @ 560.71 Details
The technical summary data is suggesting a short of NRGU as it gets near 559.1 with a downside target of 466.1. We should have a stop loss in place at 560.71though. 559.1 is the first level of resistance above 527.78, and by rule, any test of resistance is a short signal. In this case, if resistance 559.1 is being tested, so a short signal would exist.
Swing Trading Plans for NRGU
- Buy NRGU slightly over 559.1, target 660.53, Stop Loss @ 557.49 Details
If 559.1 begins to break higher, the technical summary data tells us to buy NRGU just slightly over 559.1, with an upside target of 660.53. The data also tells us to set a stop loss @ 557.49 in case the stock turns against the trade. 559.1 is the first level of resistance above 527.78, and by rule, any break above resistance is a buy signal. In this case, 559.1, 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 NRGU slightly near 559.1, target 513.89, Stop Loss @ 560.71. Details
The technical summary data is suggesting a short of NRGU if it tests 559.1 with a downside target of 513.89. We should have a stop loss in place at 560.71 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, 559.1, 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 NRGU
- Buy NRGU slightly over 559.1, target 660.53, Stop Loss @ 557.8 Details
If 559.1 begins to break higher, the technical summary data tells us to buy NRGU just slightly over 559.1, with an upside target of 660.53. The data also tells us to set a stop loss @ 557.8 in case the stock turns against the trade. 559.1 is the first level of resistance above 527.78, and by rule, any break above resistance is a buy signal. In this case, 559.1, 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 NRGU slightly near 559.1, target 513.89, Stop Loss @ 560.4. Details
The technical summary data is suggesting a short of NRGU if it tests 559.1 with a downside target of 513.89. We should have a stop loss in place at 560.4 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, 559.1, 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 Bank Of Montreal Zc Sp Etn Redeem 25/03/2039 Usd 50 - Ser E Nrgu (NRGU) available here: NRGU.
NRGU Ratings for June 01:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Weak |
Strong |
P1 |
0 |
0 |
466.1 |
P2 |
484.37 |
482.41 |
559.1 |
P3 |
511.54 |
513.89 |
660.53 |
AI Generated Signals for NRGU
Blue = Current Price
Red = Resistance
Green = Support
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