How the (ECL) price action is used to our Advantage
December 01, 2024, 02:02 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ECL
- Buy ECL near 247.75 target 259.44 stop loss @ 247.03 Details
The technical summary data tells us to buy ECL near 247.75 with an upside target of 259.44. This data also tells us to set a stop loss @ 247.03 to protect against excessive loss in case the stock begins to move against the trade. 247.75 is the first level of support below 248.77 , and by rule, any test of support is a buy signal. In this case, support 247.75 would be being tested, so a buy signal would exist.
- Short ECL slightly under 259.44, target 247.75, stop loss @ 260.19 Details
The technical summary data is suggesting a short of ECL as it gets near 259.44 with a downside target of 247.75. We should have a stop loss in place at 260.19though. 259.44 is the first level of resistance above 248.77, and by rule, any test of resistance is a short signal. In this case, if resistance 259.44 is being tested, so a short signal would exist.
Swing Trading Plans for ECL
- Buy ECL slightly over 259.44, target 270.79, Stop Loss @ 258.69 Details
If 259.44 begins to break higher, the technical summary data tells us to buy ECL just slightly over 259.44, with an upside target of 270.79. The data also tells us to set a stop loss @ 258.69 in case the stock turns against the trade. 259.44 is the first level of resistance above 248.77, and by rule, any break above resistance is a buy signal. In this case, 259.44, 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 ECL slightly near 259.44, target 248.63, Stop Loss @ 260.19. Details
The technical summary data is suggesting a short of ECL if it tests 259.44 with a downside target of 248.63. We should have a stop loss in place at 260.19 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, 259.44, 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 ECL
- Buy ECL slightly over 250.47, target 259.44, Stop Loss @ 249.89 Details
If 250.47 begins to break higher, the technical summary data tells us to buy ECL just slightly over 250.47, with an upside target of 259.44. The data also tells us to set a stop loss @ 249.89 in case the stock turns against the trade. 250.47 is the first level of resistance above 248.77, and by rule, any break above resistance is a buy signal. In this case, 250.47, 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 ECL slightly near 250.47, target 248.63, Stop Loss @ 251.05. Details
The technical summary data is suggesting a short of ECL if it tests 250.47 with a downside target of 248.63. We should have a stop loss in place at 251.05 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, 250.47, 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 Ecolab Inc. (ECL) available here: ECL.
ECL Ratings for December 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
247.75 |
| P2 |
248.24 |
242.99 |
259.44 |
| P3 |
250.47 |
248.63 |
270.79 |
AI Generated Signals for ECL
Blue = Current Price
Red= Resistance
Green = Support
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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 Ecolab Inc. (NYSE: ECL) data table below can help you with price action, and we have more details too. Trading plans for ECL 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.
Fundamental Charts for ECL:
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