Trading (SMG) With Integrated Risk Controls
November 26, 2024, 22:56 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SMG
- Buy SMG near 71.32 target 79.55 stop loss @ 71.11 Details
The technical summary data tells us to buy SMG near 71.32 with an upside target of 79.55. This data also tells us to set a stop loss @ 71.11 to protect against excessive loss in case the stock begins to move against the trade. 71.32 is the first level of support below 77.8 , and by rule, any test of support is a buy signal. In this case, support 71.32 would be being tested, so a buy signal would exist.
- Short SMG slightly under 79.55, target 71.32, stop loss @ 79.78 Details
The technical summary data is suggesting a short of SMG as it gets near 79.55 with a downside target of 71.32. We should have a stop loss in place at 79.78though. 79.55 is the first level of resistance above 77.8, and by rule, any test of resistance is a short signal. In this case, if resistance 79.55 is being tested, so a short signal would exist.
Swing Trading Plans for SMG
- Buy SMG slightly over 79.55, target 80.95, Stop Loss @ 79.32 Details
If 79.55 begins to break higher, the technical summary data tells us to buy SMG just slightly over 79.55, with an upside target of 80.95. The data also tells us to set a stop loss @ 79.32 in case the stock turns against the trade. 79.55 is the first level of resistance above 77.8, and by rule, any break above resistance is a buy signal. In this case, 79.55, 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 SMG slightly near 79.55, target 76.99, Stop Loss @ 79.78. Details
The technical summary data is suggesting a short of SMG if it tests 79.55 with a downside target of 76.99. We should have a stop loss in place at 79.78 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, 79.55, 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 SMG
- Buy SMG slightly over 79.19, target 79.55, Stop Loss @ 79.01 Details
If 79.19 begins to break higher, the technical summary data tells us to buy SMG just slightly over 79.19, with an upside target of 79.55. The data also tells us to set a stop loss @ 79.01 in case the stock turns against the trade. 79.19 is the first level of resistance above 77.8, and by rule, any break above resistance is a buy signal. In this case, 79.19, 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 SMG slightly near 79.19, target 76.99, Stop Loss @ 79.37. Details
The technical summary data is suggesting a short of SMG if it tests 79.19 with a downside target of 76.99. We should have a stop loss in place at 79.37 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, 79.19, 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 Scotts Miracle-gro Company (the) (SMG) available here: SMG.
SMG Ratings for November 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
71.32 |
| P2 |
79.19 |
76.99 |
79.55 |
| P3 |
83.22 |
80.95 |
88.3 |
AI Generated Signals for SMG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SMG:
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