(SAM) Investment Analysis

December 25, 2023, 09:10 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SAM

• Buy SAM slightly over 321.21 target 350.9 stop loss @ 320.28 Details

The technical summary data tells us to buy SAM near 321.21 with an upside target of 350.9. This data also tells us to set a stop loss @ 320.28 to protect against excessive loss in case the stock begins to move against the trade. 321.21 is the first level of support below 350.07 , and by rule, any test of support is a buy signal. In this case, support 321.21 would be being tested, so a buy signal would exist.

• Short SAM slightly under 350.9, target 321.21, stop loss @ 351.91 Details

The technical summary data is suggesting a short of SAM as it gets near 350.9 with a downside target of 321.21. We should have a stop loss in place at 351.91though. 350.9 is the first level of resistance above 350.07, and by rule, any test of resistance is a short signal. In this case, if resistance 350.9 is being tested, so a short signal would exist.

Swing Trading Plans for SAM

• Buy SAM slightly over 350.9, target 354.72, Stop Loss @ 349.89 Details

If 350.9 begins to break higher, the technical summary data tells us to buy SAM just slightly over 350.9, with an upside target of 354.72. The data also tells us to set a stop loss @ 349.89 in case the stock turns against the trade. 350.9 is the first level of resistance above 350.07, and by rule, any break above resistance is a buy signal. In this case, 350.9, 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 SAM slightly near 350.9, target 345.49, Stop Loss @ 351.91. Details

The technical summary data is suggesting a short of SAM if it tests 350.9 with a downside target of 345.49. We should have a stop loss in place at 351.91 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, 350.9, 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 SAM

• Buy SAM slightly over 350.9, target 354.72, Stop Loss @ 350.08 Details

If 350.9 begins to break higher, the technical summary data tells us to buy SAM just slightly over 350.9, with an upside target of 354.72. The data also tells us to set a stop loss @ 350.08 in case the stock turns against the trade. 350.9 is the first level of resistance above 350.07, and by rule, any break above resistance is a buy signal. In this case, 350.9, 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 SAM slightly near 350.9, target 349.95, Stop Loss @ 351.72. Details

The technical summary data is suggesting a short of SAM if it tests 350.9 with a downside target of 349.95. We should have a stop loss in place at 351.72 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, 350.9, 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 Boston Beer Company Inc. (the) (SAM) available here: SAM.

SAM Ratings for December 25:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	321.21
P2	343.95	345.49	350.9
P3	349.95	354.72	386.92

AI Generated Signals for SAM

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With an objective approach to Boston Beer Company Inc. (the) (NYSE: SAM), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SAM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SAM 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 SAM too.  All of these are offered below the Summary Table.