When the Price of (SMCI) Talks, People Listen

April 24, 2024, 15:46 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SMCI

• Buy SMCI slightly over 560.38 target 792.37 stop loss @ 558.76 Details

The technical summary data tells us to buy SMCI near 560.38 with an upside target of 792.37. This data also tells us to set a stop loss @ 558.76 to protect against excessive loss in case the stock begins to move against the trade. 560.38 is the first level of support below 755.995 , and by rule, any test of support is a buy signal. In this case, support 560.38 would be being tested, so a buy signal would exist.

• Short SMCI slightly under 792.37, target 560.38, stop loss @ 794.66 Details

The technical summary data is suggesting a short of SMCI as it gets near 792.37 with a downside target of 560.38. We should have a stop loss in place at 794.66though. 792.37 is the first level of resistance above 755.995, and by rule, any test of resistance is a short signal. In this case, if resistance 792.37 is being tested, so a short signal would exist.

Swing Trading Plans for SMCI

• Buy SMCI slightly over 792.37, target 867.89, Stop Loss @ 790.08 Details

If 792.37 begins to break higher, the technical summary data tells us to buy SMCI just slightly over 792.37, with an upside target of 867.89. The data also tells us to set a stop loss @ 790.08 in case the stock turns against the trade. 792.37 is the first level of resistance above 755.995, and by rule, any break above resistance is a buy signal. In this case, 792.37, 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 SMCI slightly near 792.37, target 717.37, Stop Loss @ 794.66. Details

The technical summary data is suggesting a short of SMCI if it tests 792.37 with a downside target of 717.37. We should have a stop loss in place at 794.66 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, 792.37, 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 SMCI

• Buy SMCI slightly over 792.37, target 867.89, Stop Loss @ 790.52 Details

If 792.37 begins to break higher, the technical summary data tells us to buy SMCI just slightly over 792.37, with an upside target of 867.89. The data also tells us to set a stop loss @ 790.52 in case the stock turns against the trade. 792.37 is the first level of resistance above 755.995, and by rule, any break above resistance is a buy signal. In this case, 792.37, 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 SMCI slightly near 792.37, target 733.17, Stop Loss @ 794.22. Details

The technical summary data is suggesting a short of SMCI if it tests 792.37 with a downside target of 733.17. We should have a stop loss in place at 794.22 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, 792.37, 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 Super Micro Computer Inc. (SMCI) available here: SMCI.

SMCI Ratings for April 24:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	560.38
P2	610.17	717.37	792.37
P3	733.17	867.89	1065.97

AI Generated Signals for SMCI

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Super Micro Computer Inc. (NASDAQ: SMCI) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for SMCI can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.