How the (EMP) Price Action is Used to Our Advantage

July 21, 2024, 6:56 a.m. ET, BY Momei- Contributor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term trading plans for EMP

• Buy EMP slightly above 22.6, target 23.57, stop loss @ 22.53 Details

The technical summary data tells us to buy EMP near 22.6 with an upside target of 23.57. This data also tells us to set a stop loss at 22.53 to protect against excessive loss in case the stock starts to move against the trade. 22.6 is the first support level below 22.64, and as a rule, any test of support is a buy signal. In this case, if support 22.6 is tested, there would be a buy signal.

• Short EMP slightly below 23.57, target 22.6, stop loss @ 23.64 Details

The technical summary data suggests a short of EMP if it approaches 23.57 with a downside target of 22.6. However, we should have a stop loss at 23.64. 23.57 is the first resistance level above 22.64 and as a rule, any test of resistance is a short signal. In this case, a short signal would exist if resistance 23.57 is tested.

Swing Trading Plans for EMP

• Buy EMP slightly above 22.81, target 23.57, stop loss @ 22.74 Details

If 22.81 starts to rise, the technical summary data tells us to buy EMP just above 22.81, with an upside target of 23.57. The data also tells us to set a stop loss at 22.74 in case the stock turns against the trade. 22.81 is the first resistance level above 22.64, and as a rule, any break above the resistance is a buy signal. In this case, 22.81, the initial resistance, would rise, so there would be a buy signal. Since this plan is based on a break above the resistance, it is called a Long Resistance Plan.

• Short EMP something around 22.81, target 22.6, Stop Loss @ 22.88. Details

The technical summary data suggests a short of EMP if it tests 22.81 with a downside target of 22.6. However, we should have a stop loss at 22.88 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, if resistance, 22.81, is tested, there would be a short signal. Since this plan is a short plan based on a test of resistance, it is called a Short Resistance Plan.

Day Trading Plans for EMP

• Buy EMP slightly above 22.81, target 23.57, stop loss @ 22.76 Details

If 22.81 starts to rise, the technical summary data tells us to buy EMP just above 22.81, with an upside target of 23.57. The data also tells us to set a stop loss at 22.76 in case the stock turns against the trade. 22.81 is the first resistance level above 22.64, and as a rule, any break above the resistance is a buy signal. In this case, 22.81, the initial resistance, would rise, so there would be a buy signal. Since this plan is based on a break above the resistance, it is called a Long Resistance Plan.

• Short EMP around 22.81, target price 21.56, stop loss @ 22.86. Details

The technical summary data suggests a short of EMP if it tests 22.81 with a downside target of 21.56. However, we should have a stop loss at 22.86 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, a short signal would occur if resistance, 22.81, 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 on this data. Updated AI-generated signals for Entergy Mississippi Llc First Mortgage Bonds 4.90% Series Due October 1, 2066 (EMP) available here: EMP power.

EMP ratings for July 21:

Term →	Near	Middle	Long
Judgement	Neutral	Neutral	Neutral
P1	0	0	21.56
P2	22.64	22.6	22.6
P3	0	22.81	23.57

AI generated signals for EMP

Blue = Current price
Red = Resistance
Green = Support

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Our task 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 the price action. The Entergy Mississippi Llc First Mortgage Bonds 4.90% Series Due October 1, 2066 (NYSE: EMP) data table below can help you with price action, and we have more detail as well. Trading plans for EMP are also shown here; 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, you can get one here Unlimited Real Time Reports.

Fundamental graphs for EMP: