Eaton Public (ETN) Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for ETN
  • Buy ETN over 164.79 target 173.51 stop loss @ 164.31 Details
  • The technical summary data tells us to buy ETN near 164.79 with an upside target of 173.51. This data also tells us to set a stop loss @ 164.31 to protect against excessive loss in case the stock begins to move against the trade. 164.79 is the first level of support below 170.92 , and by rule, any test of support is a buy signal. In this case, support 164.79 would be being tested, so a buy signal would exist.

  • Short ETN under 173.51, target 164.79, stop loss @ 174.01 Details
  • The technical summary data is suggesting a short of ETN as it gets near 173.51 with a downside target of 164.79. We should have a stop loss in place at 174.01though. 173.51 is the first level of resistance above 170.92, and by rule, any test of resistance is a short signal. In this case, if resistance 173.51 is being tested, so a short signal would exist.

Swing Trading Plans for ETN
  • Buy ETN over 173.51, target 181.70, Stop Loss @ 173.01 Details
  • If 173.51 begins to break higher, the technical summary data tells us to buy ETN just over 173.51, with an upside target of 181.70. The data also tells us to set a stop loss @ 173.01 in case the stock turns against the trade. 173.51 is the first level of resistance above 170.92, and by rule, any break above resistance is a buy signal. In this case, 173.51, 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 near 173.51, target 170.66, Stop Loss @ 174.01. Details
  • The technical summary data is suggesting a short of ETN if it tests 173.51 with a downside target of 170.66. We should have a stop loss in place at 174.01 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, 173.51, 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 over 171.59, target 173.51, Stop Loss @ 171.19 Details
  • If 171.59 begins to break higher, the technical summary data tells us to buy ETN just over 171.59, with an upside target of 173.51. The data also tells us to set a stop loss @ 171.19 in case the stock turns against the trade. 171.59 is the first level of resistance above 170.92, and by rule, any break above resistance is a buy signal. In this case, 171.59, 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 near 171.59, target 170.66, Stop Loss @ 171.99. Details
  • The technical summary data is suggesting a short of ETN if it tests 171.59 with a downside target of 170.66. We should have a stop loss in place at 171.99 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, 171.59, 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 Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 164.79
P2 166.51 165.71 173.51
P3 171.59 170.66 181.70

ETN Long Term Analysis for January 15 2022


ETN Swing Trading Analysis for January 15 2022


ETN Day Trading Analysis for January 15 2022

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Eaton Public (NYSE: ETN) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ETN 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 ETN 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 ETN too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

AD