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...
December 22, 2024, 09:32 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy ENR near 33.18 with an upside target of 36.34. This data also tells us to set a stop loss @ 33.08 to protect against excessive loss in case the stock begins to move against the trade. 33.18 is the first level of support below 35.34 , and by rule, any test of support is a buy signal. In this case, support 33.18 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of ENR as it gets near 36.34 with a downside target of 33.18. We should have a stop loss in place at 36.44though. 36.34 is the first level of resistance above 35.34, and by rule, any test of resistance is a short signal. In this case, if resistance 36.34 is being tested, a short signal would exist.
If 35.46 begins to break higher, the technical summary data tells us to buy ENR just slightly over 35.46, with an upside target of 36.34. The data also tells us to set a stop loss @ 35.36 in case the stock turns against the trade. 35.46 is the first level of resistance above 35.34, and by rule, any break above resistance is a buy signal. In this case, 35.46, 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.
The technical summary data is suggesting a short of ENR if it tests 35.46 with a downside target of 34.73. We should have a stop loss in place at 35.56 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, 35.46, 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.
If 35.46 begins to break higher, the technical summary data tells us to buy ENR just slightly over 35.46, with an upside target of 36.34. The data also tells us to set a stop loss @ 35.38 in case the stock turns against the trade. 35.46 is the first level of resistance above 35.34, and by rule, any break above resistance is a buy signal. In this case, 35.46, 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.
The technical summary data is suggesting a short of ENR if it tests 35.46 with a downside target of 34.73. We should have a stop loss in place at 35.54 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, 35.46, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Energizer Holdings Inc. (ENR) available here: ENR.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
This Energizer Holdings Inc. (NYSE: ENR) report was produced by Stock Traders Daily. Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.