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Eaton Public (ETN) Trading Report

Longer Term Trading Plans for ETN
  • Buy ETN slightly over 152.53 target 165.92 stop loss @ 152.09 Details
  • The technical summary data tells us to buy ETN near 152.53 with an upside target of 165.92. This data also tells us to set a stop loss @ 152.09 to protect against excessive loss in case the stock begins to move against the trade. 152.53 is the first level of support below 162.35 , and by rule, any test of support is a buy signal. In this case, support 152.53 is being tested, a buy signal would exist.

  • Short ETN slightly under 165.92, target 152.53, stop loss @ 166.4 Details
  • The technical summary data is suggesting a short of ETN as it gets near 165.92 with a downside target of 152.53. We should have a stop loss in place at 166.4though. 165.92 is the first level of resistance above 162.35, and by rule, any test of resistance is a short signal. In this case, if resistance 165.92 is being tested, a short signal would exist.

Swing Trading Plans for ETN
  • Buy ETN slightly over 165.92, target 166.27, Stop Loss @ 165.44 Details
  • If 165.92 begins to break higher, the technical summary data tells us to buy ETN just slightly over 165.92, with an upside target of 166.27. The data also tells us to set a stop loss @ 165.44 in case the stock turns against the trade. 165.92 is the first level of resistance above 162.35, and by rule, any break above resistance is a buy signal. In this case, 165.92, 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 165.92, target 161.95, Stop Loss @ 166.4. Details
  • The technical summary data is suggesting a short of ETN if it tests 165.92 with a downside target of 161.95. We should have a stop loss in place at 166.4 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, 165.92, 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 163.46, target 165.92, Stop Loss @ 163.08 Details
  • If 163.46 begins to break higher, the technical summary data tells us to buy ETN just slightly over 163.46, with an upside target of 165.92. The data also tells us to set a stop loss @ 163.08 in case the stock turns against the trade. 163.46 is the first level of resistance above 162.35, and by rule, any break above resistance is a buy signal. In this case, 163.46, 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 163.46, target 161.95, Stop Loss @ 163.84. Details
  • The technical summary data is suggesting a short of ETN if it tests 163.46 with a downside target of 161.95. We should have a stop loss in place at 163.84 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, 163.46, 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.

Real Time Updates are available on our Eaton Public (ETN) Page here: ETN.

ETN Ratings for February 06:

Term →Near Mid Long
Rating Neutral Neutral Neutral
P1 0 0 138.70
P2 161.39 161.95 152.53
P3 163.46 166.27 165.92
Triggers may have already come
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Support and Resistance Plot Chart for ETN

ETN Long Term Analysis for February 6 2023

Blue = Current Price
Red= Resistance
Green = Support

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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.