May 08, 2024 (Stock Traders Daily via COMTEX) --
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Sm Energy Company (NYSE: SM) with integrated risk controls.
Warning:
The trading plans were valid at the time this was published, but the support and resistance levels for SM change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Instructions:
Use the basic rules of Technical Analysis. Here are some examples: if SM is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for SM too. All of these are offered here: Access our Real Time Trading Plans
Longer Term Trading Plans for SM
- Buy SM slightly over 47.3 target 52.41 stop loss @ 47.16
- Short SM slightly under 52.41, target 47.3, stop loss @ 52.56
Swing Trading Plans for SM
- Buy SM slightly over 51.46, target 52.41, Stop Loss @ 51.31
- Short SM slightly near 51.46, target 48.53, Stop Loss @ 51.61.
Day Trading Plans for SM
- Buy SM slightly over 51.46, target 51.67, Stop Loss @ 51.34
- Short SM slightly near 51.46, target 48.53, Stop Loss @ 51.58.
SM Technical Summary | Raw Data for the Trading Plans
| Term → | Near |
Mid |
Long |
|---|
| Bias |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
42.26 |
| P2 |
51.67 |
48.53 |
47.3 |
| P3 |
52.87 |
51.46 |
52.41 |
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COMTEX_452083180/2570/2024-05-08T17:15:17
