Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
September 19, 2024, 04:14 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy EVCM near 10.46 with an upside target of 11.55. This data also tells us to set a stop loss @ 10.43 to protect against excessive loss in case the stock begins to move against the trade. 10.46 is the first level of support below 10.48 , and by rule, any test of support is a buy signal. In this case, support 10.46 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of EVCM as it gets near 11.55 with a downside target of 10.46. We should have a stop loss in place at 11.58though. 11.55 is the first level of resistance above 10.48, and by rule, any test of resistance is a short signal. In this case, if resistance 11.55 is being tested, a short signal would exist.
If 10.79 begins to break higher, the technical summary data tells us to buy EVCM just slightly over 10.79, with an upside target of 11.55. The data also tells us to set a stop loss @ 10.76 in case the stock turns against the trade. 10.79 is the first level of resistance above 10.48, and by rule, any break above resistance is a buy signal. In this case, 10.79, 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.
The technical summary data is suggesting a short of EVCM if it tests 10.79 with a downside target of 10.46. We should have a stop loss in place at 10.82 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, 10.79, 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.
If 10.57 begins to break higher, the technical summary data tells us to buy EVCM just slightly over 10.57, with an upside target of 10.85. The data also tells us to set a stop loss @ 10.55 in case the stock turns against the trade. 10.57 is the first level of resistance above 10.48, and by rule, any break above resistance is a buy signal. In this case, 10.57, 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.
The technical summary data is suggesting a short of EVCM if it tests 10.57 with a downside target of 9.23. We should have a stop loss in place at 10.59 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, 10.57, 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.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Evercommerce Inc. (NASDAQ: EVCM) data table below can help you with price action, and we have more details too. Trading plans for EVCM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.