Scientific Games $SGMS Trading Report
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 0 | 0 | 19.24 |
| P2 | 26.74 | 26.50 | 23.43 |
| P3 | 27.50 | 28.02 | 27.80 |
Support and Resistance Plot Chart for SGMS
Long Term Trading Plans for SGMS
December 28, 2019, 5:45 pm ET
The Technical Summary and Trading Plans for SGMS 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 SGMS Report.
SGMS - (Long) Support Plan
The technical summary data tells us to buy SGMS near 23.43 with an upside target of 27.80. This data also tells us to set a stop loss @ 23.17 to protect against excessive loss in case the stock begins to move against the trade. 23.43 is the first level of support below 27.18 , and by rule, any test of support is a buy signal. In this case, support 23.43 is being tested, a buy signal would exist.
SGMS - (Short) Resistance Plan
The technical summary data is suggesting a short of SGMS as it gets near 27.80 with a downside target of 23.43. We should have a stop loss in place at 28.06 though. 27.80 is the first level of resistance above 27.18, and by rule, any test of resistance is a short signal. In this case, if resistance 27.80 is being tested, a short signal would exist.
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