June 23, 2024, 12:52 pm ET, BY Tom S. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NRGU
- Buy NRGU slightly over 448.37 target 544.17 stop loss @ 447.08 Details
The technical summary data tells us to buy NRGU near 448.37 with an upside target of 544.17. This data also tells us to set a stop loss @ 447.08 to protect against excessive loss in case the stock begins to move against the trade. 448.37 is the first level of support below 465.64 , and by rule, any test of support is a buy signal. In this case, support 448.37 would be being tested, so a buy signal would exist.
- Short NRGU slightly under 544.17, target 448.37, stop loss @ 545.74 Details
The technical summary data is suggesting a short of NRGU as it gets near 544.17 with a downside target of 448.37. We should have a stop loss in place at 545.74though. 544.17 is the first level of resistance above 465.64, and by rule, any test of resistance is a short signal. In this case, if resistance 544.17 is being tested, so a short signal would exist.
Swing Trading Plans for NRGU
- Buy NRGU slightly over 472.73, target 544.17, Stop Loss @ 471.36 Details
If 472.73 begins to break higher, the technical summary data tells us to buy NRGU just slightly over 472.73, with an upside target of 544.17. The data also tells us to set a stop loss @ 471.36 in case the stock turns against the trade. 472.73 is the first level of resistance above 465.64, and by rule, any break above resistance is a buy signal. In this case, 472.73, 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 NRGU slightly near 472.73, target 448.37, Stop Loss @ 474.1. Details
The technical summary data is suggesting a short of NRGU if it tests 472.73 with a downside target of 448.37. We should have a stop loss in place at 474.1 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, 472.73, 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 NRGU
- Buy NRGU slightly over 472.73, target 473.57, Stop Loss @ 471.63 Details
If 472.73 begins to break higher, the technical summary data tells us to buy NRGU just slightly over 472.73, with an upside target of 473.57. The data also tells us to set a stop loss @ 471.63 in case the stock turns against the trade. 472.73 is the first level of resistance above 465.64, and by rule, any break above resistance is a buy signal. In this case, 472.73, 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 NRGU slightly near 472.73, target 448.37, Stop Loss @ 473.83. Details
The technical summary data is suggesting a short of NRGU if it tests 472.73 with a downside target of 448.37. We should have a stop loss in place at 473.83 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, 472.73, 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 Bank Of Montreal Zc Sp Etn Redeem 25/03/2039 Usd 50 - Ser E Nrgu (NRGU) available here: NRGU.
NRGU Ratings for June 23:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Weak |
Strong |
P1 |
0 |
0 |
448.37 |
P2 |
473.57 |
442.77 |
544.17 |
P3 |
488.5 |
472.73 |
647.87 |
AI Generated Signals for NRGU
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for NRGU: