Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
Nasdaq / Utilities / Electric Utilities
Overall EXC gets a technical rating of 7 out of 10. In the last year, EXC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, EXC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EXC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.27
3 important support areas can be observed.
- A support zone ranging from 36.48 to 37.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.49 from a horizontal line in the daily time frame.
- A support zone ranging from 33.61 to 33.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 38.34 to 38.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 39.31 to 39.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @40.87 from a trend line in the weekly time frame.
- Resistance @41.84 from a horizontal line in the daily time frame.
- Resistance @43.67 from a horizontal line in the weekly 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 |
|---|---|---|---|
| 38.35 | 36.95 | 1.41 (3.66%) | 25.00% |
| An entry @38.35. This is a Buy Stop order right above the resistance zone. | An exit @36.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.41 points, which is 3.66%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- 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.