How the (SMH) price action is used to our Advantage

February 03, 2025, 21:22 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SMH

• Buy SMH near 232.26 target 254.2 stop loss @ 231.59 Details

The technical summary data tells us to buy SMH near 232.26 with an upside target of 254.2. This data also tells us to set a stop loss @ 231.59 to protect against excessive loss in case the stock begins to move against the trade. 232.26 is the first level of support below 238.78 , and by rule, any test of support is a buy signal. In this case, support 232.26 would be being tested, so a buy signal would exist.

• Short SMH slightly under 254.2, target 232.26, stop loss @ 254.93 Details

The technical summary data is suggesting a short of SMH as it gets near 254.2 with a downside target of 232.26. We should have a stop loss in place at 254.93though. 254.2 is the first level of resistance above 238.78, and by rule, any test of resistance is a short signal. In this case, if resistance 254.2 is being tested, so a short signal would exist.

Swing Trading Plans for SMH

• Buy SMH slightly over 246.98, target 254.2, Stop Loss @ 246.27 Details

If 246.98 begins to break higher, the technical summary data tells us to buy SMH just slightly over 246.98, with an upside target of 254.2. The data also tells us to set a stop loss @ 246.27 in case the stock turns against the trade. 246.98 is the first level of resistance above 238.78, and by rule, any break above resistance is a buy signal. In this case, 246.98, 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 SMH slightly near 246.98, target 232.26, Stop Loss @ 247.69. Details

The technical summary data is suggesting a short of SMH if it tests 246.98 with a downside target of 232.26. We should have a stop loss in place at 247.69 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, 246.98, 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 SMH

• Buy SMH slightly over 240.48, target 246.98, Stop Loss @ 239.92 Details

If 240.48 begins to break higher, the technical summary data tells us to buy SMH just slightly over 240.48, with an upside target of 246.98. The data also tells us to set a stop loss @ 239.92 in case the stock turns against the trade. 240.48 is the first level of resistance above 238.78, and by rule, any break above resistance is a buy signal. In this case, 240.48, 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 SMH slightly near 240.48, target 232.26, Stop Loss @ 241.04. Details

The technical summary data is suggesting a short of SMH if it tests 240.48 with a downside target of 232.26. We should have a stop loss in place at 241.04 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, 240.48, 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  Vaneck Vectors Semiconductor Etf (SMH) available here: SMH.

SMH Ratings for February 03:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	232.26
P2	240.48	228.29	254.2
P3	248.47	246.98	275.86

AI Generated Signals for SMH

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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  Vaneck Vectors Semiconductor Etf (NYSE: SMH) data table below can help you with price action, and we have more details too. Trading plans for SMH 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.