How the price action of (EQT) is used to our Advantage

January 15, 2022, 02:00 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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   (NYSE: EQT) data table below can help you with price action, and we have more details too. Trading plans for EQT 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.

Longer Term Trading Plans for EQT

• Buy EQT slightly over 21.56 target 24.18 stop loss @ 21.5 Details

The technical summary data tells us to buy EQT near 21.56 with an upside target of 24.18. This data also tells us to set a stop loss @ 21.5 to protect against excessive loss in case the stock begins to move against the trade. 21.56 is the first level of support below 23.79 , and by rule, any test of support is a buy signal. In this case, support 21.56 is being tested, a buy signal would exist.

• Short EQT under 24.18, target 21.56, stop loss @ 24.25 Details

The technical summary data is suggesting a short of EQT as it gets near 24.18 with a downside target of 21.56. We should have a stop loss in place at 24.25though. 24.18 is the first level of resistance above 23.79, and by rule, any test of resistance is a short signal. In this case, if resistance 24.18 is being tested, a short signal would exist.

Swing Trading Plans for EQT

• Buy EQT slightly over 24.18, target n/a, Stop Loss @ 24.11 Details

If 24.18 begins to break higher, the technical summary data tells us to buy EQT just slightly over 24.18, with an upside target of n/a. The data also tells us to set a stop loss @ 24.11 in case the stock turns against the trade. 24.18 is the first level of resistance above 23.79, and by rule, any break above resistance is a buy signal. In this case, 24.18, 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 EQT near 24.18, target 22.68, Stop Loss @ 24.25. Details

The technical summary data is suggesting a short of EQT if it tests 24.18 with a downside target of 22.68. We should have a stop loss in place at 24.25 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, 24.18, 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 EQT

• Buy EQT slightly over 24.18, target 24.78, Stop Loss @ 24.12 Details

If 24.18 begins to break higher, the technical summary data tells us to buy EQT just slightly over 24.18, with an upside target of 24.78. The data also tells us to set a stop loss @ 24.12 in case the stock turns against the trade. 24.18 is the first level of resistance above 23.79, and by rule, any break above resistance is a buy signal. In this case, 24.18, 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 EQT near 24.18, target 22.68, Stop Loss @ 24.24. Details

The technical summary data is suggesting a short of EQT if it tests 24.18 with a downside target of 22.68. We should have a stop loss in place at 24.24 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, 24.18, 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.

EQT Ratings for January 15:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	18.97
P2	24.14	22.68	21.56
P3	24.78	24.15	24.18

Support and Resistance Plot Chart for EQT

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