(SFBC) Investment Analysis

November 29, 2024, 04:30 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SFBC

• Buy SFBC near 52.73 target 56.92 stop loss @ 52.58 Details

The technical summary data tells us to buy SFBC near 52.73 with an upside target of 56.92. This data also tells us to set a stop loss @ 52.58 to protect against excessive loss in case the stock begins to move against the trade. 52.73 is the first level of support below 53.5 , and by rule, any test of support is a buy signal. In this case, support 52.73 is being tested, a buy signal would exist.

• Short SFBC slightly under 56.92, target 52.73, stop loss @ 57.08 Details

The technical summary data is suggesting a short of SFBC as it gets near 56.92 with a downside target of 52.73. We should have a stop loss in place at 57.08though. 56.92 is the first level of resistance above 53.5, and by rule, any test of resistance is a short signal. In this case, if resistance 56.92 is being tested, a short signal would exist.

Swing Trading Plans for SFBC

• Buy SFBC slightly over 53.63, target 56.92, Stop Loss @ 53.48 Details

If 53.63 begins to break higher, the technical summary data tells us to buy SFBC just slightly over 53.63, with an upside target of 56.92. The data also tells us to set a stop loss @ 53.48 in case the stock turns against the trade. 53.63 is the first level of resistance above 53.5, and by rule, any break above resistance is a buy signal. In this case, 53.63, 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 SFBC slightly near 53.63, target 52.73, Stop Loss @ 53.78. Details

The technical summary data is suggesting a short of SFBC if it tests 53.63 with a downside target of 52.73. We should have a stop loss in place at 53.78 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, 53.63, 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 SFBC

• Buy SFBC slightly over 53.63, target 56.92, Stop Loss @ 53.5 Details

If 53.63 begins to break higher, the technical summary data tells us to buy SFBC just slightly over 53.63, with an upside target of 56.92. The data also tells us to set a stop loss @ 53.5 in case the stock turns against the trade. 53.63 is the first level of resistance above 53.5, and by rule, any break above resistance is a buy signal. In this case, 53.63, 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 SFBC slightly near 53.63, target 53, Stop Loss @ 53.76. Details

The technical summary data is suggesting a short of SFBC if it tests 53.63 with a downside target of 53. We should have a stop loss in place at 53.76 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, 53.63, 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 Financial Bancorp Inc. (SFBC) available here: SFBC.

SFBC Ratings for November 29:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	48.86
P2	51.95	52.25	52.73
P3	53	53.63	56.92

AI Generated Signals for SFBC

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With an objective approach to Sound Financial Bancorp Inc. (NASDAQ: SFBC), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SFBC 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 SFBC 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 SFBC too.  All of these are offered below the Summary Table.