(SPMC) Investment Analysis

November 18, 2024, 10:50 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPMC

• Buy SPMC near 19.05 target 20.05 stop loss @ 18.99 Details

The technical summary data tells us to buy SPMC near 19.05 with an upside target of 20.05. This data also tells us to set a stop loss @ 18.99 to protect against excessive loss in case the stock begins to move against the trade. 19.05 is the first level of support below 19.875 , and by rule, any test of support is a buy signal. In this case, support 19.05 is being tested, a buy signal would exist.

• Short SPMC slightly under 20.05, target 19.05, stop loss @ 20.11 Details

The technical summary data is suggesting a short of SPMC as it gets near 20.05 with a downside target of 19.05. We should have a stop loss in place at 20.11though. 20.05 is the first level of resistance above 19.875, and by rule, any test of resistance is a short signal. In this case, if resistance 20.05 is being tested, a short signal would exist.

Swing Trading Plans for SPMC

• Buy SPMC slightly over 20.05, target 20.94, Stop Loss @ 19.99 Details

If 20.05 begins to break higher, the technical summary data tells us to buy SPMC just slightly over 20.05, with an upside target of 20.94. The data also tells us to set a stop loss @ 19.99 in case the stock turns against the trade. 20.05 is the first level of resistance above 19.875, and by rule, any break above resistance is a buy signal. In this case, 20.05, 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 SPMC slightly near 20.05, target 19.05, Stop Loss @ 20.11. Details

The technical summary data is suggesting a short of SPMC if it tests 20.05 with a downside target of 19.05. We should have a stop loss in place at 20.11 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, 20.05, 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 SPMC

• Buy SPMC slightly over 20.05, target 20.94, Stop Loss @ 20 Details

If 20.05 begins to break higher, the technical summary data tells us to buy SPMC just slightly over 20.05, with an upside target of 20.94. The data also tells us to set a stop loss @ 20 in case the stock turns against the trade. 20.05 is the first level of resistance above 19.875, and by rule, any break above resistance is a buy signal. In this case, 20.05, 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 SPMC slightly near 20.05, target 19.52, Stop Loss @ 20.1. Details

The technical summary data is suggesting a short of SPMC if it tests 20.05 with a downside target of 19.52. We should have a stop loss in place at 20.1 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, 20.05, 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 Sound Point Meridian Capital Inc. (SPMC) available here: SPMC.

SPMC Ratings for November 18:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	18.11
P2	19.52	19.86	19.05
P3	19.97	20.94	20.05

AI Generated Signals for SPMC

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Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SPMC 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 SPMC too.  All of these are offered below the Summary Table.