When (SMG) Moves Investors should Listen
December 30, 2023, 22:15 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SMG
- Buy SMG slightly over 62.47 target n/a stop loss @ 62.29. Details
The technical summary data tells us to buy SMG near 62.47, 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 62.29 to protect against excessive loss in case the stock begins to move against the trade. 62.47 is the first level of support below 63.75, and by rule, any test of support is a buy signal. In this case, if support 62.47 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 SMG
- Buy SMG slightly over 64.77, target 67.86, Stop Loss @ 64.58 Details
If 64.77 begins to break higher, the technical summary data tells us to buy SMG just slightly over 64.77, with an upside target of 67.86. The data also tells us to set a stop loss @ 64.58 in case the stock turns against the trade. 64.77 is the first level of resistance above 63.75, and by rule, any break above resistance is a buy signal. In this case, 64.77, 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 64.77, target 62.47, Stop Loss @ 64.96. Details
The technical summary data is suggesting a short of SMG if it tests 64.77 with a downside target of 62.47. We should have a stop loss in place at 64.96 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, 64.77, 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 64.77, target 65.03, Stop Loss @ 64.62 Details
If 64.77 begins to break higher, the technical summary data tells us to buy SMG just slightly over 64.77, with an upside target of 65.03. The data also tells us to set a stop loss @ 64.62 in case the stock turns against the trade. 64.77 is the first level of resistance above 63.75, and by rule, any break above resistance is a buy signal. In this case, 64.77, 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 64.77, target 62.47, Stop Loss @ 64.92. Details
The technical summary data is suggesting a short of SMG if it tests 64.77 with a downside target of 62.47. We should have a stop loss in place at 64.92 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, 64.77, 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 December 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
42.95 |
| P2 |
65.03 |
64.77 |
52.42 |
| P3 |
66.12 |
67.86 |
62.47 |
AI Generated Signals for SMG
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 Scotts Miracle-gro Company (the) (NYSE: SMG) report below is a real world example. Included are trading plans for SMG, 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 SMG:
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