(SJM) Proactive Strategies

May 28, 2024, 16:20 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SJM

• Buy SJM slightly over 99.31 target 111.28 stop loss @ 99.02 Details

The technical summary data tells us to buy SJM near 99.31 with an upside target of 111.28. This data also tells us to set a stop loss @ 99.02 to protect against excessive loss in case the stock begins to move against the trade. 99.31 is the first level of support below 108.48 , and by rule, any test of support is a buy signal. In this case, support 99.31 would be being tested, so a buy signal would exist.

• Short SJM slightly under 111.28, target 99.31, stop loss @ 111.6 Details

The technical summary data is suggesting a short of SJM as it gets near 111.28 with a downside target of 99.31. We should have a stop loss in place at 111.6though. 111.28 is the first level of resistance above 108.48, and by rule, any test of resistance is a short signal. In this case, if resistance 111.28 is being tested, so a short signal would exist.

Swing Trading Plans for SJM

• Buy SJM slightly over 109.76, target 111.28, Stop Loss @ 109.44 Details

If 109.76 begins to break higher, the technical summary data tells us to buy SJM just slightly over 109.76, with an upside target of 111.28. The data also tells us to set a stop loss @ 109.44 in case the stock turns against the trade. 109.76 is the first level of resistance above 108.48, and by rule, any break above resistance is a buy signal. In this case, 109.76, 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 SJM slightly near 109.76, target 99.31, Stop Loss @ 110.08. Details

The technical summary data is suggesting a short of SJM if it tests 109.76 with a downside target of 99.31. We should have a stop loss in place at 110.08 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, 109.76, 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 SJM

• Buy SJM slightly over 109.52, target 109.76, Stop Loss @ 109.26 Details

If 109.52 begins to break higher, the technical summary data tells us to buy SJM just slightly over 109.52, with an upside target of 109.76. The data also tells us to set a stop loss @ 109.26 in case the stock turns against the trade. 109.52 is the first level of resistance above 108.48, and by rule, any break above resistance is a buy signal. In this case, 109.52, 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 SJM slightly near 109.52, target 108.28, Stop Loss @ 109.78. Details

The technical summary data is suggesting a short of SJM if it tests 109.52 with a downside target of 108.28. We should have a stop loss in place at 109.78 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, 109.52, 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 J.m. Smucker Company (the) (SJM) available here: SJM.

SJM Ratings for May 28:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	99.31
P2	108.28	109.76	111.28
P3	109.52	113.44	123.16

AI Generated Signals for SJM

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Don't over think it!  Trading J.m. Smucker Company (the) (NYSE: SJM) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

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