(SMCI) Technical Data

May 04, 2024, 09:28 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SMCI

• Buy SMCI slightly over 574.07 target 812.46 stop loss @ 572.41 Details

The technical summary data tells us to buy SMCI near 574.07 with an upside target of 812.46. This data also tells us to set a stop loss @ 572.41 to protect against excessive loss in case the stock begins to move against the trade. 574.07 is the first level of support below 782.7 , and by rule, any test of support is a buy signal. In this case, support 574.07 would be being tested, so a buy signal would exist.

• Short SMCI slightly under 812.46, target 574.07, stop loss @ 814.81 Details

The technical summary data is suggesting a short of SMCI as it gets near 812.46 with a downside target of 574.07. We should have a stop loss in place at 814.81though. 812.46 is the first level of resistance above 782.7, and by rule, any test of resistance is a short signal. In this case, if resistance 812.46 is being tested, so a short signal would exist.

Swing Trading Plans for SMCI

• Buy SMCI slightly over 812.46, target 857.92, Stop Loss @ 810.11 Details

If 812.46 begins to break higher, the technical summary data tells us to buy SMCI just slightly over 812.46, with an upside target of 857.92. The data also tells us to set a stop loss @ 810.11 in case the stock turns against the trade. 812.46 is the first level of resistance above 782.7, and by rule, any break above resistance is a buy signal. In this case, 812.46, 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 812.46, target 705.63, Stop Loss @ 814.81. Details

The technical summary data is suggesting a short of SMCI if it tests 812.46 with a downside target of 705.63. We should have a stop loss in place at 814.81 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, 812.46, 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 812.46, target 857.92, Stop Loss @ 810.56 Details

If 812.46 begins to break higher, the technical summary data tells us to buy SMCI just slightly over 812.46, with an upside target of 857.92. The data also tells us to set a stop loss @ 810.56 in case the stock turns against the trade. 812.46 is the first level of resistance above 782.7, and by rule, any break above resistance is a buy signal. In this case, 812.46, 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 812.46, target 774.09, Stop Loss @ 814.36. Details

The technical summary data is suggesting a short of SMCI if it tests 812.46 with a downside target of 774.09. We should have a stop loss in place at 814.36 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, 812.46, 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 May 04:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	574.07
P2	674.23	705.63	812.46
P3	774.09	857.92	1093.19

AI Generated Signals for SMCI

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Super Micro Computer Inc. (NASDAQ: SMCI) while incorporating prudent risk controls.

Warning:

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