When (SJM) Moves Investors should Listen
April 09, 2024, 05:04 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SJM
- Buy SJM slightly over 114.55 target 126.72 stop loss @ 114.22 Details
The technical summary data tells us to buy SJM near 114.55 with an upside target of 126.72. This data also tells us to set a stop loss @ 114.22 to protect against excessive loss in case the stock begins to move against the trade. 114.55 is the first level of support below 115.94 , and by rule, any test of support is a buy signal. In this case, support 114.55 is being tested, a buy signal would exist.
- Short SJM slightly under 126.72, target 114.55, stop loss @ 127.09 Details
The technical summary data is suggesting a short of SJM as it gets near 126.72 with a downside target of 114.55. We should have a stop loss in place at 127.09though. 126.72 is the first level of resistance above 115.94, and by rule, any test of resistance is a short signal. In this case, if resistance 126.72 is being tested, a short signal would exist.
Swing Trading Plans for SJM
- Buy SJM slightly over 116.48, target 120.89, Stop Loss @ 116.14 Details
If 116.48 begins to break higher, the technical summary data tells us to buy SJM just slightly over 116.48, with an upside target of 120.89. The data also tells us to set a stop loss @ 116.14 in case the stock turns against the trade. 116.48 is the first level of resistance above 115.94, and by rule, any break above resistance is a buy signal. In this case, 116.48, 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 SJM slightly near 116.48, target 114.55, Stop Loss @ 116.82. Details
The technical summary data is suggesting a short of SJM if it tests 116.48 with a downside target of 114.55. We should have a stop loss in place at 116.82 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, 116.48, 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 SJM
- Buy SJM slightly over 116.21, target 116.48, Stop Loss @ 115.94 Details
If 116.21 begins to break higher, the technical summary data tells us to buy SJM just slightly over 116.21, with an upside target of 116.48. The data also tells us to set a stop loss @ 115.94 in case the stock turns against the trade. 116.21 is the first level of resistance above 115.94, and by rule, any break above resistance is a buy signal. In this case, 116.21, 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 SJM slightly near 116.21, target 114.88, Stop Loss @ 116.48. Details
The technical summary data is suggesting a short of SJM if it tests 116.21 with a downside target of 114.88. We should have a stop loss in place at 116.48 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, 116.21, 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.
Check the time stamp on this data. Updated AI-Generated Signals for J.m. Smucker Company (the) (SJM) available here: SJM.
SJM Ratings for April 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
102.26 |
| P2 |
114.88 |
116.48 |
114.55 |
| P3 |
116.21 |
120.89 |
126.72 |
AI Generated Signals for SJM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The J.m. Smucker Company (the) (NYSE: SJM) report below is a real world example. Included are trading plans for SJM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SJM:
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