How the (SMLR) price action is used to our Advantage
November 15, 2024, 04:04 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SMLR
- Buy SMLR near 36.8 target n/a stop loss @ 36.69. Details
The technical summary data tells us to buy SMLR near 36.8, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 36.69 to protect against excessive loss in case the stock begins to move against the trade. 36.8 is the first level of support below 45.3, and by rule, any test of support is a buy signal. In this case, if support 36.8 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for SMLR
- Buy SMLR slightly over 48.44, target 58.08, Stop Loss @ 48.3 Details
If 48.44 begins to break higher, the technical summary data tells us to buy SMLR just slightly over 48.44, with an upside target of 58.08. The data also tells us to set a stop loss @ 48.3 in case the stock turns against the trade. 48.44 is the first level of resistance above 45.3, and by rule, any break above resistance is a buy signal. In this case, 48.44, 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 SMLR slightly near 48.44, target 36.8, Stop Loss @ 48.58. Details
The technical summary data is suggesting a short of SMLR if it tests 48.44 with a downside target of 36.8. We should have a stop loss in place at 48.58 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, 48.44, 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 SMLR
- Buy SMLR slightly over 47.22, target 48.44, Stop Loss @ 47.11 Details
If 47.22 begins to break higher, the technical summary data tells us to buy SMLR just slightly over 47.22, with an upside target of 48.44. The data also tells us to set a stop loss @ 47.11 in case the stock turns against the trade. 47.22 is the first level of resistance above 45.3, and by rule, any break above resistance is a buy signal. In this case, 47.22, 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 SMLR slightly near 47.22, target 36.8, Stop Loss @ 47.33. Details
The technical summary data is suggesting a short of SMLR if it tests 47.22 with a downside target of 36.8. We should have a stop loss in place at 47.33 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, 47.22, 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 Semler Scientific Inc (SMLR) available here: SMLR.
SMLR Ratings for November 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
17.34 |
| P2 |
47.22 |
48.44 |
26.17 |
| P3 |
57.85 |
58.08 |
36.8 |
AI Generated Signals for SMLR
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Semler Scientific Inc (NASDAQ: SMLR) data table below can help you with price action, and we have more details too. Trading plans for SMLR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SMLR:
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