How the (ES) price action is used to our Advantage
July 11, 2024, 05:52 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ES
- Buy ES slightly over 56.66 target 61.48 stop loss @ 56.5 Details
The technical summary data tells us to buy ES near 56.66 with an upside target of 61.48. This data also tells us to set a stop loss @ 56.5 to protect against excessive loss in case the stock begins to move against the trade. 56.66 is the first level of support below 58.09 , and by rule, any test of support is a buy signal. In this case, support 56.66 is being tested, a buy signal would exist.
- Short ES slightly under 61.48, target 56.66, stop loss @ 61.66 Details
The technical summary data is suggesting a short of ES as it gets near 61.48 with a downside target of 56.66. We should have a stop loss in place at 61.66though. 61.48 is the first level of resistance above 58.09, and by rule, any test of resistance is a short signal. In this case, if resistance 61.48 is being tested, a short signal would exist.
Swing Trading Plans for ES
- Buy ES slightly over 61.48, target n/a, Stop Loss @ 61.3 Details
If 61.48 begins to break higher, the technical summary data tells us to buy ES just slightly over 61.48, with an upside target of n/a. The data also tells us to set a stop loss @ 61.3 in case the stock turns against the trade. 61.48 is the first level of resistance above 58.09, and by rule, any break above resistance is a buy signal. In this case, 61.48, 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 ES slightly near 61.48, target 57.9, Stop Loss @ 61.66. Details
The technical summary data is suggesting a short of ES if it tests 61.48 with a downside target of 57.9. We should have a stop loss in place at 61.66 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, 61.48, 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 ES
- Buy ES slightly over 58.14, target 61.48, Stop Loss @ 58 Details
If 58.14 begins to break higher, the technical summary data tells us to buy ES just slightly over 58.14, with an upside target of 61.48. The data also tells us to set a stop loss @ 58 in case the stock turns against the trade. 58.14 is the first level of resistance above 58.09, and by rule, any break above resistance is a buy signal. In this case, 58.14, 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 ES slightly near 58.14, target 57.9, Stop Loss @ 58.28. Details
The technical summary data is suggesting a short of ES if it tests 58.14 with a downside target of 57.9. We should have a stop loss in place at 58.28 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, 58.14, 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 Eversource Energy (d/b/a) (ES) available here: ES.
ES Ratings for July 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
51.58 |
| P2 |
57.57 |
56.74 |
56.66 |
| P3 |
58.14 |
57.9 |
61.48 |
AI Generated Signals for ES
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 Eversource Energy (d/b/a) (NYSE: ES) data table below can help you with price action, and we have more details too. Trading plans for ES 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 ES:
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