(EGP) Investment Analysis and Advice

December 03, 2024, 06:32 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EGP

• Buy EGP near 165.65 target 177.19 stop loss @ 165.17 Details

The technical summary data tells us to buy EGP near 165.65 with an upside target of 177.19. This data also tells us to set a stop loss @ 165.17 to protect against excessive loss in case the stock begins to move against the trade. 165.65 is the first level of support below 170.69 , and by rule, any test of support is a buy signal. In this case, support 165.65 would be being tested, so a buy signal would exist.

• Short EGP slightly under 177.19, target 165.65, stop loss @ 177.7 Details

The technical summary data is suggesting a short of EGP as it gets near 177.19 with a downside target of 165.65. We should have a stop loss in place at 177.7though. 177.19 is the first level of resistance above 170.69, and by rule, any test of resistance is a short signal. In this case, if resistance 177.19 is being tested, so a short signal would exist.

Swing Trading Plans for EGP

• Buy EGP slightly over 170.8, target 174.32, Stop Loss @ 170.31 Details

If 170.8 begins to break higher, the technical summary data tells us to buy EGP just slightly over 170.8, with an upside target of 174.32. The data also tells us to set a stop loss @ 170.31 in case the stock turns against the trade. 170.8 is the first level of resistance above 170.69, and by rule, any break above resistance is a buy signal. In this case, 170.8, 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 EGP slightly near 170.8, target 165.65, Stop Loss @ 171.29. Details

The technical summary data is suggesting a short of EGP if it tests 170.8 with a downside target of 165.65. We should have a stop loss in place at 171.29 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, 170.8, 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 EGP

• Buy EGP slightly over 170.88, target 173.58, Stop Loss @ 170.48 Details

If 170.88 begins to break higher, the technical summary data tells us to buy EGP just slightly over 170.88, with an upside target of 173.58. The data also tells us to set a stop loss @ 170.48 in case the stock turns against the trade. 170.88 is the first level of resistance above 170.69, and by rule, any break above resistance is a buy signal. In this case, 170.88, 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 EGP slightly near 170.88, target 165.65, Stop Loss @ 171.28. Details

The technical summary data is suggesting a short of EGP if it tests 170.88 with a downside target of 165.65. We should have a stop loss in place at 171.28 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, 170.88, 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 Eastgroup Properties Inc. (EGP) available here: EGP.

EGP Ratings for December 03:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	165.65
P2	170.88	170.8	177.19
P3	173.58	174.32	188.39

AI Generated Signals for EGP

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Prudent Investment Analysis requires observations of the support and resistance levels for Eastgroup Properties Inc. (NYSE: EGP) too.  These define prudent trading plans.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if EGP 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 EGP too.  All of these are offered below the Summary Table.