When (ELF) Moves Investors should Listen
April 01, 2024, 06:16 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ELF
- Buy ELF slightly over 172.74 target 200.59 stop loss @ 172.24 Details
The technical summary data tells us to buy ELF near 172.74 with an upside target of 200.59. This data also tells us to set a stop loss @ 172.24 to protect against excessive loss in case the stock begins to move against the trade. 172.74 is the first level of support below 196.03 , and by rule, any test of support is a buy signal. In this case, support 172.74 is being tested, a buy signal would exist.
- Short ELF slightly under 200.59, target 172.74, stop loss @ 201.17 Details
The technical summary data is suggesting a short of ELF as it gets near 200.59 with a downside target of 172.74. We should have a stop loss in place at 201.17though. 200.59 is the first level of resistance above 196.03, and by rule, any test of resistance is a short signal. In this case, if resistance 200.59 is being tested, a short signal would exist.
Swing Trading Plans for ELF
- Buy ELF slightly over 200.59, target 204.91, Stop Loss @ 200.01 Details
If 200.59 begins to break higher, the technical summary data tells us to buy ELF just slightly over 200.59, with an upside target of 204.91. The data also tells us to set a stop loss @ 200.01 in case the stock turns against the trade. 200.59 is the first level of resistance above 196.03, and by rule, any break above resistance is a buy signal. In this case, 200.59, 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 ELF slightly near 200.59, target 193.78, Stop Loss @ 201.17. Details
The technical summary data is suggesting a short of ELF if it tests 200.59 with a downside target of 193.78. We should have a stop loss in place at 201.17 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, 200.59, 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.
Day Trading Plans for ELF
- Buy ELF slightly over 197.27, target 200.59, Stop Loss @ 196.81 Details
If 197.27 begins to break higher, the technical summary data tells us to buy ELF just slightly over 197.27, with an upside target of 200.59. The data also tells us to set a stop loss @ 196.81 in case the stock turns against the trade. 197.27 is the first level of resistance above 196.03, and by rule, any break above resistance is a buy signal. In this case, 197.27, 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 ELF slightly near 197.27, target 193.78, Stop Loss @ 197.73. Details
The technical summary data is suggesting a short of ELF if it tests 197.27 with a downside target of 193.78. We should have a stop loss in place at 197.73 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, 197.27, 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 E.l.f. Beauty Inc. (ELF) available here: ELF.
ELF Ratings for April 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
145.98 |
| P2 |
192.45 |
193.78 |
172.74 |
| P3 |
197.27 |
204.91 |
200.59 |
AI Generated Signals for ELF
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 E.l.f. Beauty Inc. (NYSE: ELF) report below is a real world example. Included are trading plans for ELF, 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 ELF:
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