Learn to Evaluate Eaton Public (ETN) using the Charts

January 18, 2023, 17:15 pmET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ETN

• Buy ETN slightly over 149.59 target n/a stop loss @ 149.16. Details

The technical summary data tells us to buy ETN near 149.59, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 149.16 to protect against excessive loss in case the stock begins to move against the trade. 149.59 is the first level of support below 157.53, and by rule, any test of support is a buy signal. In this case, if support 149.59 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for ETN

• Buy ETN slightly over 160.83, target 165.28, Stop Loss @ 160.37 Details

If 160.83 begins to break higher, the technical summary data tells us to buy ETN just slightly over 160.83, with an upside target of 165.28. The data also tells us to set a stop loss @ 160.37 in case the stock turns against the trade. 160.83 is the first level of resistance above 157.53, and by rule, any break above resistance is a buy signal. In this case, 160.83, 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 ETN slightly near 160.83, target 149.59, Stop Loss @ 161.29. Details

The technical summary data is suggesting a short of ETN if it tests 160.83 with a downside target of 149.59. We should have a stop loss in place at 161.29 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, 160.83, 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 ETN

• Buy ETN slightly over 160.55, target 160.83, Stop Loss @ 160.18 Details

If 160.55 begins to break higher, the technical summary data tells us to buy ETN just slightly over 160.55, with an upside target of 160.83. The data also tells us to set a stop loss @ 160.18 in case the stock turns against the trade. 160.55 is the first level of resistance above 157.53, and by rule, any break above resistance is a buy signal. In this case, 160.55, 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 ETN slightly near 160.55, target 149.59, Stop Loss @ 160.92. Details

The technical summary data is suggesting a short of ETN if it tests 160.55 with a downside target of 149.59. We should have a stop loss in place at 160.92 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, 160.55, 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.

ETN Ratings for January 18:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	120.96
P2	160.55	160.83	135.50
P3	165.29	165.28	149.59

Chart of ETN with Longer Term Pivots

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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  Eaton Public (NYSE: ETN) report below can help you understand how to do this. The trading plans for ETN, 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.