Eaton Public $ETN Trading Report

November 13, 2023, 10:30 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ETN

• Buy ETN slightly over 219.56 target 237.11 stop loss @ 218.93 Details

The technical summary data tells us to buy ETN near 219.56 with an upside target of 237.11. This data also tells us to set a stop loss @ 218.93 to protect against excessive loss in case the stock begins to move against the trade. 219.56 is the first level of support below 220.43 , and by rule, any test of support is a buy signal. In this case, support 219.56 is being tested, a buy signal would exist.

• Short ETN slightly under 237.11, target 219.56, stop loss @ 237.79 Details

The technical summary data is suggesting a short of ETN as it gets near 237.11 with a downside target of 219.56. We should have a stop loss in place at 237.79though. 237.11 is the first level of resistance above 220.43, and by rule, any test of resistance is a short signal. In this case, if resistance 237.11 is being tested, a short signal would exist.

Swing Trading Plans for ETN

• Buy ETN slightly over 227.32, target n/a, Stop Loss @ 226.66 Details

If 227.32 begins to break higher, the technical summary data tells us to buy ETN just slightly over 227.32, with an upside target of n/a. The data also tells us to set a stop loss @ 226.66 in case the stock turns against the trade. 227.32 is the first level of resistance above 220.43, and by rule, any break above resistance is a buy signal. In this case, 227.32, 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 227.32, target 219.56, Stop Loss @ 227.98. Details

The technical summary data is suggesting a short of ETN if it tests 227.32 with a downside target of 219.56. We should have a stop loss in place at 227.98 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, 227.32, 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 220.58, target 223.29, Stop Loss @ 220.07 Details

If 220.58 begins to break higher, the technical summary data tells us to buy ETN just slightly over 220.58, with an upside target of 223.29. The data also tells us to set a stop loss @ 220.07 in case the stock turns against the trade. 220.58 is the first level of resistance above 220.43, and by rule, any break above resistance is a buy signal. In this case, 220.58, 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 220.58, target 219.56, Stop Loss @ 221.09. Details

The technical summary data is suggesting a short of ETN if it tests 220.58 with a downside target of 219.56. We should have a stop loss in place at 221.09 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, 220.58, 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 Eaton Public (ETN) available here: ETN.

ETN Ratings for November 13:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	201.44
P2	220.58	227.32	219.56
P3	223.29		237.11

AI Generated Signals for ETN

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Technically, Eaton Public (NYSE: ETN) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ETN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ETN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ETN too.  All of these are offered below the Summary Table.