Technical Analysis

Longer Term Trading Plans for ESE

• 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 ESE slightly under 294.45, target n/a, stop loss @ 295.3 Details

The technical summary data is suggesting a short of ESE as it gets near 294.45, 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 295.3. 294.45 is the first level of resistance above 267.26, and by rule, any test of resistance is a short signal. In this case, if resistance 294.45 is being tested, so a short signal would exist.

Swing Trading Plans for ESE

• Buy ESE slightly over 273.01, target 294.45, Stop Loss @ 272.22 Details

If 273.01 begins to break higher, the technical summary data tells us to buy ESE just over 273.01, with an upside target of 294.45. The data also tells us to set a stop loss @ 272.22 in case the stock turns against the trade. 273.01 is the first level of resistance above 267.26, and by rule, any break above resistance is a buy signal. In this case, 273.01, 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 ESE slightly near 273.01, target 264.43, Stop Loss @ 273.8. Details

The technical summary data is suggesting a short of ESE if it tests 273.01 with a downside target of 264.43. We should have a stop loss in place at 273.8 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, 273.01, 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 ESE

• Buy ESE slightly over 271.06, target 273.01, Stop Loss @ 270.43 Details

If 271.06 begins to break higher, the technical summary data tells us to buy ESE just over 271.06, with an upside target of 273.01. The data also tells us to set a stop loss @ 270.43 in case the stock turns against the trade. 271.06 is the first level of resistance above 267.26, and by rule, any break above resistance is a buy signal. In this case, 271.06, 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 ESE slightly near 271.06, target 264.43, Stop Loss @ 271.69. Details

The technical summary data is suggesting a short of ESE if it tests 271.06 with a downside target of 264.43. We should have a stop loss in place at 271.69 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, 271.06, 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.

ESE Technical Summary | Raw Data for the Trading Plans