How we can use the price action (ECLN) to our advantage

July 1, 2024, 2:40 a.m. ET, BY Randall S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for ECLN

• Buy ECLN just above 24.52, target 25.66, stop loss at 24.45 details

The technical summary data tells us to buy ECLN at 24.52 with an upside target of 25.66. This data also tells us to set a stop loss at 24.45 to protect ourselves from excessive losses in case the stock starts moving against the trade. 24.52 is the first support level below 25.42 and any test of support is usually a buy signal. In this case, the support at 24.52 is tested, a buy signal would be present.

• Short ECLN just below 25.66, target 24.52, stop loss at 25.73 details

The technical summary data suggests a short ECLN as it approaches 25.66, with a downside target of 24.52. However, we should place a stop loss at 25.73. 25.66 is the first resistance level above 25.42, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 25.66 resistance is tested.

Swing Trading Plans for ECLN

• Buy ECLN just above 25.66, target nz, stop loss at 25.59 details

If 25.66 starts to rise, the technical summary data tells us to buy ECLN just above 25.66, with an upside target of $n/a. The data also tells us to set a stop loss at 25.59 in case the stock turns against the trade. 25.66 is the first resistance level above 25.42, and any break above resistance is usually a buy signal. In this case, 25.66, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short ECLN just near 25.66, target 25.24, stop loss at 25.73. details

The technical summary data suggests a short of ECLN if it tests 25.66 with a downside target of 25.24. However, we should place a stop loss at 25.73 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 25.66 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for ECLN

• Buy ECLN just above 25.66, target nz, stop loss at 25.6 details

If 25.66 starts to rise, the technical summary data tells us to buy ECLN just above 25.66, with an upside target of $n/a. The data also tells us to set a stop loss at 25.6 in case the stock turns against the trade. 25.66 is the first resistance level above 25.42, and any break above resistance is usually a buy signal. In this case, 25.66, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short ECLN just near 25.66, target 24.52, stop loss at 25.72. details

The technical summary data suggests a short of ECLN if it tests 25.66 with a downside target of 24.52. However, we should place a stop loss at 25.72 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 25.66 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for First Trust EIP Carbon Impact ETF (ECLN) available here: ^ “ECLN report”.

ECLN ratings for July 1st:

AI-generated signals for ECLN

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The First Trust EIP Carbon Impact ETF The data table (NASDAQ:ECLN) below can help you with the price action and we also have more details. Trading plans for ECLN are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.