When Eaton Public (ETN) Moves Investors should Listen

January 28, 2023, 08:45 amET, BY Billy- 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 162.24, 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 n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy ETN just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 162.24, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 n/a, target 161.20, Stop Loss @ 0. Details

The technical summary data is suggesting a short of ETN if it tests n/a with a downside target of 161.20. We should have a stop loss in place at 0 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, n/a, 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 163.28, target n/a, Stop Loss @ 162.9 Details

If 163.28 begins to break higher, the technical summary data tells us to buy ETN just slightly over 163.28, with an upside target of n/a. The data also tells us to set a stop loss @ 162.9 in case the stock turns against the trade. 163.28 is the first level of resistance above 162.24, and by rule, any break above resistance is a buy signal. In this case, 163.28, 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 163.28, target 161.20, Stop Loss @ 163.66. Details

The technical summary data is suggesting a short of ETN if it tests 163.28 with a downside target of 161.20. We should have a stop loss in place at 163.66 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, 163.28, 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 28:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	120.96
P2	159.49	153.74	135.50
P3	163.28	161.20	149.59

Chart of ETN with Longer Term Pivots

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Eaton Public (NYSE: ETN) report below is a real world example. Included are trading plans for ETN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.