When the Price of (ETN) Talks, People Listen

June 28, 2024, 19:50 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ETN

• Buy ETN slightly over 303.91 target 328.88 stop loss @ 303.03 Details

The technical summary data tells us to buy ETN near 303.91 with an upside target of 328.88. This data also tells us to set a stop loss @ 303.03 to protect against excessive loss in case the stock begins to move against the trade. 303.91 is the first level of support below 313.65 , and by rule, any test of support is a buy signal. In this case, support 303.91 would be being tested, so a buy signal would exist.

• Short ETN slightly under 328.88, target 303.91, stop loss @ 329.83 Details

The technical summary data is suggesting a short of ETN as it gets near 328.88 with a downside target of 303.91. We should have a stop loss in place at 329.83though. 328.88 is the first level of resistance above 313.65, and by rule, any test of resistance is a short signal. In this case, if resistance 328.88 is being tested, so a short signal would exist.

Swing Trading Plans for ETN

• Buy ETN slightly over 321.82, target 328.88, Stop Loss @ 320.89 Details

If 321.82 begins to break higher, the technical summary data tells us to buy ETN just slightly over 321.82, with an upside target of 328.88. The data also tells us to set a stop loss @ 320.89 in case the stock turns against the trade. 321.82 is the first level of resistance above 313.65, and by rule, any break above resistance is a buy signal. In this case, 321.82, 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 slightly near 321.82, target 312.99, Stop Loss @ 322.75. Details

The technical summary data is suggesting a short of ETN if it tests 321.82 with a downside target of 312.99. We should have a stop loss in place at 322.75 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, 321.82, 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 slightly over 316.43, target 321.82, Stop Loss @ 315.69 Details

If 316.43 begins to break higher, the technical summary data tells us to buy ETN just slightly over 316.43, with an upside target of 321.82. The data also tells us to set a stop loss @ 315.69 in case the stock turns against the trade. 316.43 is the first level of resistance above 313.65, and by rule, any break above resistance is a buy signal. In this case, 316.43, 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 slightly near 316.43, target 312.99, Stop Loss @ 317.17. Details

The technical summary data is suggesting a short of ETN if it tests 316.43 with a downside target of 312.99. We should have a stop loss in place at 317.17 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, 316.43, 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 Eaton Corporation Plc (ETN) available here: ETN.

ETN Ratings for June 28:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	303.91
P2	310.71	312.99	328.88
P3	316.43	321.82	355.15

AI Generated Signals for ETN

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Eaton Corporation Plc (NYSE: ETN) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ETN can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.