Learn to Evaluate Slm ($SLM) using the Charts
March 21, 2023, 16:30 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SLM
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short SLM slightly under 13.85, target n/a, stop loss @ 13.89 Details
The technical summary data is suggesting a short of SLM as it gets near 13.85, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 13.89. 13.85 is the first level of resistance above 12.48, and by rule, any test of resistance is a short signal. In this case, if resistance 13.85 is being tested, so a short signal would exist.
Swing Trading Plans for SLM
- Buy SLM slightly over 13.85, target 15.56, Stop Loss @ 13.81 Details
If 13.85 begins to break higher, the technical summary data tells us to buy SLM just slightly over 13.85, with an upside target of 15.56. The data also tells us to set a stop loss @ 13.81 in case the stock turns against the trade. 13.85 is the first level of resistance above 12.48, and by rule, any break above resistance is a buy signal. In this case, 13.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SLM slightly near 13.85, target 12.19, Stop Loss @ 13.89. Details
The technical summary data is suggesting a short of SLM if it tests 13.85 with a downside target of 12.19. We should have a stop loss in place at 13.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for SLM
- Buy SLM slightly over 12.53, target 13.85, Stop Loss @ 12.5 Details
If 12.53 begins to break higher, the technical summary data tells us to buy SLM just slightly over 12.53, with an upside target of 13.85. The data also tells us to set a stop loss @ 12.5 in case the stock turns against the trade. 12.53 is the first level of resistance above 12.48, and by rule, any break above resistance is a buy signal. In this case, 12.53, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short SLM slightly near 12.53, target 12.19, Stop Loss @ 12.56. Details
The technical summary data is suggesting a short of SLM if it tests 12.53 with a downside target of 12.19. We should have a stop loss in place at 12.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 12.53, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Real Time Updates are available on our Slm (SLM) Page here: SLM.
SLM Ratings for March 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
13.85 |
| P2 |
12.05 |
11.24 |
15.56 |
| P3 |
12.53 |
12.19 |
17.30 |
Support and Resistance Plot Chart for SLM
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Slm (NYSE: SLM) report below can help you understand how to do this. The trading plans for SLM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SLM:
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