When (ENVA) Moves Investors should Listen
April 30, 2024, 22:02 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ENVA
- Buy ENVA slightly over 59.02 target 66.25 stop loss @ 58.85 Details
The technical summary data tells us to buy ENVA near 59.02 with an upside target of 66.25. This data also tells us to set a stop loss @ 58.85 to protect against excessive loss in case the stock begins to move against the trade. 59.02 is the first level of support below 60.53 , and by rule, any test of support is a buy signal. In this case, support 59.02 is being tested, a buy signal would exist.
- Short ENVA slightly under 66.25, target 59.02, stop loss @ 66.44 Details
The technical summary data is suggesting a short of ENVA as it gets near 66.25 with a downside target of 59.02. We should have a stop loss in place at 66.44though. 66.25 is the first level of resistance above 60.53, and by rule, any test of resistance is a short signal. In this case, if resistance 66.25 is being tested, a short signal would exist.
Swing Trading Plans for ENVA
- Buy ENVA slightly over 62.31, target 64.87, Stop Loss @ 62.13 Details
If 62.31 begins to break higher, the technical summary data tells us to buy ENVA just slightly over 62.31, with an upside target of 64.87. The data also tells us to set a stop loss @ 62.13 in case the stock turns against the trade. 62.31 is the first level of resistance above 60.53, and by rule, any break above resistance is a buy signal. In this case, 62.31, 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 ENVA slightly near 62.31, target 59.02, Stop Loss @ 62.49. Details
The technical summary data is suggesting a short of ENVA if it tests 62.31 with a downside target of 59.02. We should have a stop loss in place at 62.49 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, 62.31, 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 ENVA
- Buy ENVA slightly over 61.15, target 62.11, Stop Loss @ 61.01 Details
If 61.15 begins to break higher, the technical summary data tells us to buy ENVA just slightly over 61.15, with an upside target of 62.11. The data also tells us to set a stop loss @ 61.01 in case the stock turns against the trade. 61.15 is the first level of resistance above 60.53, and by rule, any break above resistance is a buy signal. In this case, 61.15, 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 ENVA slightly near 61.15, target 59.02, Stop Loss @ 61.29. Details
The technical summary data is suggesting a short of ENVA if it tests 61.15 with a downside target of 59.02. We should have a stop loss in place at 61.29 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, 61.15, 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 Enova International Inc. (ENVA) available here: ENVA.
ENVA Ratings for April 30:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Neutral |
Strong |
P1 |
0 |
0 |
51.44 |
P2 |
61.15 |
62.31 |
59.02 |
P3 |
62.11 |
64.87 |
66.25 |
AI Generated Signals for ENVA
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Enova International Inc. (NASDAQ: ENVA) report below is a real world example. Included are trading plans for ENVA, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ENVA: