Trading J.m. Smucker $SJM With Integrated Risk Controls
June 17, 2023, 12:30 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SJM
- Buy SJM slightly over 149.83 target 158.35 stop loss @ 149.4 Details
The technical summary data tells us to buy SJM near 149.83 with an upside target of 158.35. This data also tells us to set a stop loss @ 149.4 to protect against excessive loss in case the stock begins to move against the trade. 149.83 is the first level of support below 153.1 , and by rule, any test of support is a buy signal. In this case, support 149.83 would be being tested, so a buy signal would exist.
- Short SJM slightly under 158.35, target 149.83, stop loss @ 158.81 Details
The technical summary data is suggesting a short of SJM as it gets near 158.35 with a downside target of 149.83. We should have a stop loss in place at 158.81though. 158.35 is the first level of resistance above 153.1, and by rule, any test of resistance is a short signal. In this case, if resistance 158.35 is being tested, so a short signal would exist.
Swing Trading Plans for SJM
- Buy SJM slightly over 155.03, target 158.35, Stop Loss @ 154.58 Details
If 155.03 begins to break higher, the technical summary data tells us to buy SJM just slightly over 155.03, with an upside target of 158.35. The data also tells us to set a stop loss @ 154.58 in case the stock turns against the trade. 155.03 is the first level of resistance above 153.1, and by rule, any break above resistance is a buy signal. In this case, 155.03, 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 155.03, target 151.43, Stop Loss @ 155.48. Details
The technical summary data is suggesting a short of SJM if it tests 155.03 with a downside target of 151.43. We should have a stop loss in place at 155.48 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, 155.03, 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 153.47, target 155.03, Stop Loss @ 153.11 Details
If 153.47 begins to break higher, the technical summary data tells us to buy SJM just slightly over 153.47, with an upside target of 155.03. The data also tells us to set a stop loss @ 153.11 in case the stock turns against the trade. 153.47 is the first level of resistance above 153.1, and by rule, any break above resistance is a buy signal. In this case, 153.47, 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 153.47, target 151.43, Stop Loss @ 153.83. Details
The technical summary data is suggesting a short of SJM if it tests 153.47 with a downside target of 151.43. We should have a stop loss in place at 153.83 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, 153.47, 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.
This is a snapshot. Real Time Updates are available on our SJM Page.
SJM Ratings for June 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
149.83 |
| P2 |
151.35 |
151.43 |
158.35 |
| P3 |
153.47 |
155.03 |
166.56 |
Support and Resistance Plot Chart for SJM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SJM:
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