Long Term Trading Analysis for (EWBC)

December 1, 2024, 2:54 AM ET, BY Joseph H. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for EWBC

• Buy EWBC near 101.41. Target: stop loss at 101.12. Details

The technical summary data tells us to buy EWBC near 101.41, but there is no current upside target in the summary table. In this case, we should wait until either an update to the summary table has been made (which usually happens at the beginning of each trading day) or until the position has been stopped. The data tells us to set a stop loss of 101.12 to protect against excessive losses in case the stock starts moving against the trade. 101.41 is the first level of support below 109.68 and basically any test of support is a buy signal. In this case, if the 101.41 support is tested, a buy signal would be present.

• NO. Details

NO.
There are no current resistance levels from the summary table and therefore there are no short resistance plans telling us to short on resistance tests. The resistance levels have broken to the upside and if the stock does not move back down and below the support levels, short positions look risky.

Swing trading plans for EWBC

• Buy EWBC slightly above 113.31, target n/a, stop loss at 112.98 Details

If 113.31 starts to break out to the upside, the summary technicals tell us to buy EWBC just above 113.31 with an upside target of n/a. The data also tells us to set a stop loss at 112.98 in case the stock turns against the trade. 113.31 is the first resistance level above 109.68 and basically any break above resistance is a buy signal. In this case, 113.31, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short EWBC slightly near 113.31, target 108.72, stop loss at 113.64. Details

Technical summary data suggests a short on EWBC if it tests 113.31, with a downside target of 108.72. However, we should have a stop loss at 113.64 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 113.31 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for EWBC

• Buy EWBC slightly above 112.17, target 113.31, stop loss at 111.91 Details

If 112.17 starts to break out higher, the technical summary data tells us to buy EWBC just above 112.17 with an upside target of 113.31. The data also tells us to set a stop loss at 111.91 in case the stock turns against the trade. 112.17 is the first resistance level above 109.68 and basically any break above resistance is a buy signal. In this case, 112.17, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short EWBC slightly near 112.17, target 109.18, stop loss at 112.43. Details

Technical summary data suggests a short on EWBC if it tests 112.17, with a downside target of 109.18. However, we should have a stop loss at 112.43 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 112.17 is tested, there would be a short signal. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for East West Bancorp Inc. (EWBC) available here: EWBC.

EWBC ratings for December 1st:

AI generated signals for EWBC

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading East West Bancorp Inc. (NASDAQ: EWBC) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for EWBC change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and market crash protection with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when EWBC tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for EWBC. All of this is offered below the overview table.