$EPD shows a shooting-star The daily chart of EPD is rising, but the bearish pressure is strong. The candlestick chart on the daily chart shows a shooting-star pattern. Today, the price is still approaching a densely traded area within the day.
EPD trade ideas
$EPD with a Bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $EPD after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
EPD - Is 2023 going to be sunset year for O&G company?Weekly candle for NYSE:EPD is moving back-forth around its EMA200.
This week, EPD has been up for 3++% and crossed up EMA200.
In my view, there is Descending Triangles appear:
Stochastic Weekly is near 50 and the formation of candles has been squeezing since June 2022.
But, if moving a little bit backward to March 2021, a raising wedges pattern also appears in the weekly channel.
What makes this chart interesting (for me personally), even though there is a bearish reversal pattern, I do not see any divergences in the MACD (I always look for MACD Divergence to confirm a potential reversal) for this weekly pattern.
From that perspective, I believe that NYSE:EPD is going to break out upward in its Descending Triangle for a Short-Term Bullish Continuation.
And when the bearish divergence occurs, it is time to get out of this stock.
From the 4H Chart timeframe, we can see that currently, the candle position is at the resistance area, but at the same time just breakout EMA200 (4H).
For a Speculative Buy, use EMA200 (4H chart) for a quick Stop Loss (around 0.9%) or I prefer to use $24.44 as my stop loss.
Stochastic has been overbought since the end of December 2022, better wait at near support of $24.44 to get better RR for the position.
As a company that works in the integrated Oil & Gas Operation, NYSE:EPD does not always have a positive correlation with Crude Oil and Natural Gas Prices.
Your Trade, Your Call.
Disclaimer is always ON.
Do it at your own risk.
I do not have possession of NYSE:EPD when this idea is released.
$EPD with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $EPD after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 55.56%.
$EPD$EPD part of the oil/gas bull market... broke out of this trendline, looking to break above that zone from 2016-2019.
SELL EPD STOCKVery clear uptrend breakout signaling a good sell setup in EPD stock, wait for New york open to see how the volume goes.
$EPD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $EPD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
EPD about to breach resistance levelsstock EPD looks like its on its way to breach the FIB resistance levels and go on an uptrend.....any ideas?
Loss of Enterprise for EPDImmediate targets 23. Invalidation at 27.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
EPD - 4.60% Potential Profit - Bullish PennantLove the risk / reward ratio on this trade.
- Target Entry: $23.95
- Target Stop Loss: $23.75
- Target Exit: $25.08
- Risk / Reward Ratio: 5.65
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
EPD/ Enterprise Products Partners L.P./BUY AND HOLD, INFLATION Leading Us energy provider with high barriers to entry + switching cost .
Directly benefits from higher inflation
Bullish tecnical set up
PREICE TARGET $28-$33 (Wells Fargo- Morgan Stanley- SMBC Nikko)
Important note: ⚠️ All trades have risks that the investor must consider before investing. VivirdelTrading.club makes a disclaimer of any operation that may generate losses. All information transmitted by the channel, the page and the alert system is shared in good faith. There is no guarantee of 100% of the executed operations, as these are based on statistical models and assumptions regarding the past behavior of the price of a share, but they do not guarantee the same future behavior.
EPD: ascending triangleI'd anticipate it breaking out higher based on EPD's fundamentals, but with the background mood of the market at this exact moment (a growing feeling that with non-stop record-breaking highs we've got to be nearing a top), it might actually breakdown lower. Also, EPD's flagging momentum gives a breaking-downward feeling despite its overall bullish trend. We shall see...
Enterprise Products PartnersChart pattern: Ascending triangle
Entry: Closing price above 23.71$
Stop: 21.68$
Target: 27.67$
Stopmanagement: ATR Stop daily chart default settings
Risk/Reward-Ratio: 1.8
EPD in ascending triangle formationHey there!
EPD appears to be bouncing off the bottom TL with a bullish engulfing candle appearing today. Long entry with a stop loss right below bearish candle low from 5/3 at $22.77.
Look for anticipated breakage of upper TL at 23.70. First sign of R is 25.10.
Target is 27.88 with R at 26.75 and 27.50.
Not a recommendation! Let me know what you think. Thanks =]
BREAKOUT OF TRIANFLEThe stock hold EMA 20 and 50 and making triangle. I will enter into a long position on a break above the resistance. Stop will be under EMA50
Head and Shoulders and MACD looking a little bearish. Tread line must hold however, MACD is creating downward pressure. Possible head and shoulders. Going long once it goes to the green support line. You also have a bearish divergence with the indicators.
Timing Mkt Entrance from RSI, Stochastic & Bollinger BandsI am eager to buy this stock because of its strong financials, its strong dividend, exemplary stewardship, and its current valuation, which is significanlty less than its fair value estimate (~$21/share current, compared to ~$29/share est. fair val.).
However, due to its recent price increase I am not confident to buy this stock now because I have a gut feeling that this stock will decrease in the short-term, thus minimizing my prorfits. Furthermore, with the market being as high as it is, I would like to mitigate the effects of any impending stock market slumps. Many believe that another crash is imminent, and I dont want to be caught in a situation where I paid a price for a stock that it may not reach again for several months. This will tie up valuable income that could otherwise be used to make bargain purchases should a stock market slump occur.
My analysis of this stock is as follows.
I first indicated the prolonged overbought status of the RSI indicator, further confirmed by the stochastic indicator beginning in middle-to-late November.
Then, I took note of the repeated top-Bollinger band penetration by the price signal, beginning in the first week of November, and continuing until mid-December.
Finally, I looked at the volume oscillator to look for signs of divergence. I know that if strong upward moves are supported by a strong positive shift in volume, that the current trend is likely to continue. However, I know that if a strong upward move in price is backed instead by a strong negative shift in volume, that a price reversal may soon follow.
Further to my point about volume movement, I observed that the volume oscillator's value at the close of December 11 was ~-4%, and more, that the rate of change of the volume oscillator was decreasing. This is especially apparent in the DEMA-9 of the volume oscillator signal. Since volume is an inherently noisy signal, especially in the 4h chart used in this analysis, I prefer to analyze a smoothed, DEMA-9 on the volume oscillator instead. This makes it more straight forward to assess volume movements and not be distracted by strong peaks and valleys seen in the un-smoothed signal. Thus, I anticipated that a further volume decline would ensure, despite the fact that the price appeared to be increasing rather strongly (but deceivingly so).
I thus held off on buying this stock on November 24, where I began my analysis, despite my strong urge to do so given the attractive price increase.
I am not certain when I will buy this stock, as the point I made about an imminent market crash is still valid. However should the price continue to decline significantly - the current decline sits at -2.3% in 3.5 hours since mkt open - it will look much more attractive to buy at that time.
$EPD$EPD Daily Chart
- Dual Rounded Bottom Pattern formed in the Daily Chart
- At the verge of a breakout
- Entry at Open
- StopLoss: 17.40
- Potential target : $22
