Technical Analysis

Longer Term Trading Plans for ENVA

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short ENVA slightly under 181.46, target n/a, stop loss @ 181.98 Details

The technical summary data is suggesting a short of ENVA as it gets near 181.46, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 181.98. 181.46 is the first level of resistance above 174.09, and by rule, any test of resistance is a short signal. In this case, if resistance 181.46 is being tested, so a short signal would exist.

Swing Trading Plans for ENVA

• Buy ENVA slightly over 179.52, target 181.46, Stop Loss @ 179 Details

If 179.52 begins to break higher, the technical summary data tells us to buy ENVA just over 179.52, with an upside target of 181.46. The data also tells us to set a stop loss @ 179 in case the stock turns against the trade. 179.52 is the first level of resistance above 174.09, and by rule, any break above resistance is a buy signal. In this case, 179.52, 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 ENVA slightly near 179.52, target 169.77, Stop Loss @ 180.04. Details

The technical summary data is suggesting a short of ENVA if it tests 179.52 with a downside target of 169.77. We should have a stop loss in place at 180.04 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, 179.52, 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 ENVA

• Buy ENVA slightly over 175.57, target 179.52, Stop Loss @ 175.16 Details

If 175.57 begins to break higher, the technical summary data tells us to buy ENVA just over 175.57, with an upside target of 179.52. The data also tells us to set a stop loss @ 175.16 in case the stock turns against the trade. 175.57 is the first level of resistance above 174.09, and by rule, any break above resistance is a buy signal. In this case, 175.57, 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.

• Short ENVA slightly near 175.57, target 169.77, Stop Loss @ 175.98. Details

The technical summary data is suggesting a short of ENVA if it tests 175.57 with a downside target of 169.77. We should have a stop loss in place at 175.98 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, 175.57, 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.

ENVA Technical Summary | Raw Data for the Trading Plans