(SAM) Technical Pivots with Risk Controls

November 04, 2024, 03:12 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SAM

• Buy SAM near 293.13 target n/a stop loss @ 292.28. Details

The technical summary data tells us to buy SAM near 293.13, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 292.28 to protect against excessive loss in case the stock begins to move against the trade. 293.13 is the first level of support below 294.94, and by rule, any test of support is a buy signal. In this case, if support 293.13 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for SAM

• Buy SAM slightly over 303.27, target n/a, Stop Loss @ 302.39 Details

If 303.27 begins to break higher, the technical summary data tells us to buy SAM just slightly over 303.27, with an upside target of n/a. The data also tells us to set a stop loss @ 302.39 in case the stock turns against the trade. 303.27 is the first level of resistance above 294.94, and by rule, any break above resistance is a buy signal. In this case, 303.27, 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 SAM slightly near 303.27, target 294.13, Stop Loss @ 304.15. Details

The technical summary data is suggesting a short of SAM if it tests 303.27 with a downside target of 294.13. We should have a stop loss in place at 304.15 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, 303.27, 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 SAM

• Buy SAM slightly over 296.38, target 303.27, Stop Loss @ 295.69 Details

If 296.38 begins to break higher, the technical summary data tells us to buy SAM just slightly over 296.38, with an upside target of 303.27. The data also tells us to set a stop loss @ 295.69 in case the stock turns against the trade. 296.38 is the first level of resistance above 294.94, and by rule, any break above resistance is a buy signal. In this case, 296.38, 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 SAM slightly near 296.38, target 294.13, Stop Loss @ 297.07. Details

The technical summary data is suggesting a short of SAM if it tests 296.38 with a downside target of 294.13. We should have a stop loss in place at 297.07 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, 296.38, 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 Boston Beer Company Inc. (the) (SAM) available here: SAM.

SAM Ratings for November 04:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	238.02
P2	291.67	294.13	265.81
P3	296.38	303.27	293.13

AI Generated Signals for SAM

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

The technical pivots for Boston Beer Company Inc. (the) (NYSE: SAM) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SAM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SAM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SAM too.  All of these are offered below the Summary Table.