How the price action of Vaneck Semiconductor Etf (SMH) is used to our Advantage

July 23, 2022, 05:30 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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 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.

Longer Term Trading Plans for SMH

• Buy SMH slightly over 207.38 target 241.15 stop loss @ 206.78 Details

The technical summary data tells us to buy SMH near 207.38 with an upside target of 241.15. This data also tells us to set a stop loss @ 206.78 to protect against excessive loss in case the stock begins to move against the trade. 207.38 is the first level of support below 226.77 , and by rule, any test of support is a buy signal. In this case, support 207.38 would be being tested, so a buy signal would exist.

• Short SMH under 241.15, target 207.38, stop loss @ 241.85 Details

The technical summary data is suggesting a short of SMH as it gets near 241.15 with a downside target of 207.38. We should have a stop loss in place at 241.85though. 241.15 is the first level of resistance above 226.77, and by rule, any test of resistance is a short signal. In this case, if resistance 241.15 is being tested, so a short signal would exist.

Swing Trading Plans for SMH

• Buy SMH slightly over 232.58, target 241.15, Stop Loss @ 231.91 Details

If 232.58 begins to break higher, the technical summary data tells us to buy SMH just slightly over 232.58, with an upside target of 241.15. The data also tells us to set a stop loss @ 231.91 in case the stock turns against the trade. 232.58 is the first level of resistance above 226.77, and by rule, any break above resistance is a buy signal. In this case, 232.58, 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 near 232.58, target 222.56, Stop Loss @ 233.25. Details

The technical summary data is suggesting a short of SMH if it tests 232.58 with a downside target of 222.56. We should have a stop loss in place at 233.25 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, 232.58, 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 229.07, target 232.58, Stop Loss @ 228.54 Details

If 229.07 begins to break higher, the technical summary data tells us to buy SMH just slightly over 229.07, with an upside target of 232.58. The data also tells us to set a stop loss @ 228.54 in case the stock turns against the trade. 229.07 is the first level of resistance above 226.77, and by rule, any break above resistance is a buy signal. In this case, 229.07, 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 near 229.07, target 222.56, Stop Loss @ 229.6. Details

The technical summary data is suggesting a short of SMH if it tests 229.07 with a downside target of 222.56. We should have a stop loss in place at 229.6 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, 229.07, 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.

SMH Ratings for July 23:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Weak
P1	0	0	207.38
P2	229.07	222.56	241.15
P3	235.44	232.58	276.96

Support and Resistance Plot Chart for SMH

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