According to Stock Traders Daily, a 20-year industry veteran, #investors can use the #priceaction in Sm Energy (NYSE: SM) to foretell upcoming changes. A current example is provided below. There are trading plans for SM, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Strong |
P1 | 0 | 0 | 9.90 |
P2 | 16.87 | 16.28 | 14.21 |
P3 | 17.67 | 17.99 | 19.24 |
Long Term Trading Plans for SM
May 8, 2021, 9:00 pm ET
The Technical Summary and Trading Plans for SM 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 SM Report.
SM - (Long) Support Plan
The technical summary data tells us to buy SM near 14.21 with an upside target of 19.24. This data also tells us to set a stop loss @ 14.17 to protect against excessive loss in case the stock begins to move against the trade. 14.21 is the first level of support below 17.79 , and by rule, any test of support is a buy signal. In this case, support 14.21 is being tested, a buy signal would exist.
SM - (Short) Resistance Plan
The technical summary data is suggesting a short of SM as it gets near 19.24 with a downside target of 14.21. We should have a stop loss in place at 19.3though. 19.24 is the first level of resistance above 17.79, and by rule, any test of resistance is a short signal. In this case, if resistance 19.24 is being tested, a short signal would exist.