Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
New York Stock Exchange, Inc. / Energy / Oil, Gas & Consumable Fuels
We assign a technical rating of 10 out of 10 to LNG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LNG is showing a nice and steady performance.
Besides having an excellent technical rating, LNG also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 232.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LNG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
200.84
2 important support areas can be observed.
- A support zone ranging from 230.47 to 232.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 202.87 to 203.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 234.04 to 237.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 237.84 | 230.46 | 7.38 (3.10%) | 25.00% |
| An entry @237.84. This is a Buy Stop order right above the resistance zone. | An exit @230.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.38 points, which is 3.10%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LNG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.