The Callaway Golf (NYSE: ELY) report below can help you, but we have more details too. The trading plans for ELY, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Weak | Neutral |
P1 | 0 | 0 | 11.88 |
P2 | 18.08 | 17.35 | 17.02 |
P3 | 18.63 | 18.86 | 21.57 |
Long Term Trading Plans for ELY
November 19, 2020, 12:45 pm ET
The Technical Summary and Trading Plans for ELY help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ELY Report.
ELY - (Long) Support Plan
The technical summary data tells us to buy ELY near 17.02 with an upside target of 21.57. This data also tells us to set a stop loss @ 16.97 to protect against excessive loss in case the stock begins to move against the trade. 17.02 is the first level of support below 18.47 , and by rule, any test of support is a buy signal. In this case, support 17.02 is being tested, a buy signal would exist.
ELY - (Short) Resistance Plan
The technical summary data is suggesting a short of ELY as it gets near 21.57 with a downside target of 17.02. We should have a stop loss in place at 21.63 though. 21.57 is the first level of resistance above 18.47, and by rule, any test of resistance is a short signal. In this case, if resistance 21.57 is being tested, a short signal would exist.