Learn to Evaluate (ESLT) using the Charts

March 22, 2024, 07:42 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ESLT

• Buy ESLT slightly over 198.84 target 211.39 stop loss @ 198.27 Details

The technical summary data tells us to buy ESLT near 198.84 with an upside target of 211.39. This data also tells us to set a stop loss @ 198.27 to protect against excessive loss in case the stock begins to move against the trade. 198.84 is the first level of support below 204.4 , and by rule, any test of support is a buy signal. In this case, support 198.84 would be being tested, so a buy signal would exist.

• Short ESLT slightly under 211.39, target 198.84, stop loss @ 212 Details

The technical summary data is suggesting a short of ESLT as it gets near 211.39 with a downside target of 198.84. We should have a stop loss in place at 212though. 211.39 is the first level of resistance above 204.4, and by rule, any test of resistance is a short signal. In this case, if resistance 211.39 is being tested, so a short signal would exist.

Swing Trading Plans for ESLT

• Buy ESLT slightly over 211.39, target 224.7, Stop Loss @ 210.78 Details

If 211.39 begins to break higher, the technical summary data tells us to buy ESLT just slightly over 211.39, with an upside target of 224.7. The data also tells us to set a stop loss @ 210.78 in case the stock turns against the trade. 211.39 is the first level of resistance above 204.4, and by rule, any break above resistance is a buy signal. In this case, 211.39, 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 ESLT slightly near 211.39, target 202.34, Stop Loss @ 212. Details

The technical summary data is suggesting a short of ESLT if it tests 211.39 with a downside target of 202.34. We should have a stop loss in place at 212 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, 211.39, 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 ESLT

• Buy ESLT slightly over 205.65, target 211.39, Stop Loss @ 205.17 Details

If 205.65 begins to break higher, the technical summary data tells us to buy ESLT just slightly over 205.65, with an upside target of 211.39. The data also tells us to set a stop loss @ 205.17 in case the stock turns against the trade. 205.65 is the first level of resistance above 204.4, and by rule, any break above resistance is a buy signal. In this case, 205.65, 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 ESLT slightly near 205.65, target 203.38, Stop Loss @ 206.13. Details

The technical summary data is suggesting a short of ESLT if it tests 205.65 with a downside target of 203.38. We should have a stop loss in place at 206.13 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, 205.65, 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  Elbit Systems Ltd. (ESLT) available here: ESLT.

ESLT Ratings for March 22:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	198.84
P2	203.38	193.95	211.39
P3	205.65	202.34	224.7

AI Generated Signals for ESLT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Elbit Systems Ltd. (NASDAQ: ESLT) report below can help you understand how to do this. The trading plans for ESLT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.