Energen $EGN Technical Update – Stock Traders Daily

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Energen $EGN Technical Update

The Energen (NYSE: EGN) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for EGN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Neutral Neutral
P1 76.05 72.70 68.77
P2 77.50 78.80 76.38
P3 77.91 84.83 83.71

Long Term Trading Plans for EGN

September 4, 2018, 12:45 pm ET

The Technical Summary and Trading Plans for EGN 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 EGN Report.

EGN – (Long) Support Plan

Buy over 76.38 target 83.71 stop loss @ 76.12.
The technical summary data tells us to buy EGN near 76.38 with an upside target of 83.71. This data also tells us to set a stop loss @ 76.12 to protect against excessive loss in case the stock begins to move against the trade. 76.38 is the first level of support below 77.4 , and by rule, any test of support is a buy signal. In this case, support 76.38 is being tested, a buy signal would exist.

EGN – (Short) Resistance Plan

Short under 83.71 target 76.38 stop loss @ 83.97
The technical summary data is suggesting a short of EGN as it gets near 83.71 with a downside target of 76.38. We should have a stop loss in place at 83.97 though. 83.71 is the first level of resistance above 77.4, and by rule, any test of resistance is a short signal. In this case, if resistance 83.71 is being tested, a short signal would exist.

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