Scientific Games SGMS Trading Report

October 14, 2021, 03:45 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Trading or Investing in Scientific Games (NASDAQ: SGMS) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

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

Longer Term Trading Plans for SGMS

• Buy SGMS slightly over 74.09 target 83.64 stop loss @ 73.88 Details

The technical summary data tells us to buy SGMS near 74.09 with an upside target of 83.64. This data also tells us to set a stop loss @ 73.88 to protect against excessive loss in case the stock begins to move against the trade. 74.09 is the first level of support below 81.92 , and by rule, any test of support is a buy signal. In this case, support 74.09 is being tested, a buy signal would exist.

• Short SGMS under 83.64, target 74.09, stop loss @ 83.88 Details

The technical summary data is suggesting a short of SGMS as it gets near 83.64 with a downside target of 74.09. We should have a stop loss in place at 83.88though. 83.64 is the first level of resistance above 81.92, and by rule, any test of resistance is a short signal. In this case, if resistance 83.64 is being tested, a short signal would exist.

Swing Trading Plans for SGMS

• Buy SGMS slightly over 83.64, target n/a, Stop Loss @ 83.4 Details

If 83.64 begins to break higher, the technical summary data tells us to buy SGMS just slightly over 83.64, with an upside target of n/a. The data also tells us to set a stop loss @ 83.4 in case the stock turns against the trade. 83.64 is the first level of resistance above 81.92, and by rule, any break above resistance is a buy signal. In this case, 83.64, 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 SGMS near 83.64, target 81.61, Stop Loss @ 83.88. Details

The technical summary data is suggesting a short of SGMS if it tests 83.64 with a downside target of 81.61. We should have a stop loss in place at 83.88 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, 83.64, 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 SGMS

• Buy SGMS slightly over 82.13, target 83.64, Stop Loss @ 81.94 Details

If 82.13 begins to break higher, the technical summary data tells us to buy SGMS just slightly over 82.13, with an upside target of 83.64. The data also tells us to set a stop loss @ 81.94 in case the stock turns against the trade. 82.13 is the first level of resistance above 81.92, and by rule, any break above resistance is a buy signal. In this case, 82.13, 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 SGMS near 82.13, target 81.61, Stop Loss @ 82.32. Details

The technical summary data is suggesting a short of SGMS if it tests 82.13 with a downside target of 81.61. We should have a stop loss in place at 82.32 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, 82.13, 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.

SGMS Ratings for October 14:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	64.56
P2	79.38	77.44	74.09
P3	82.13	81.61	83.64

Support and Resistance Plot Chart for SGMS

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