How we can use price trends (SMHI) to our advantage

July 14, 2024, 1:28 PM ET, BY Billy Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for SMHI

• Buy SMHI just above 12.96, target 14.65, stop loss at 12.92 details

The technical summary data tells us to buy SMHI at 12.96 with an upside target of 14.65. This data also tells us to set a stop loss at 12.92 to protect ourselves from excessive losses in case the stock starts moving against the trade. 12.96 is the first support level below 14.21 and any test of support is usually a buy signal. In this case, the support at 12.96 is tested, a buy signal would be present.

• Short SMHI just below 14.65, target 12.96, stop loss at 14.69 details

The technical summary data suggests a short of SMHI as it approaches 14.65, with a downside target of 12.96. However, we should place a stop loss at 14.69. 14.65 is the first resistance level above 14.21, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 14.65 resistance is tested.

Swing Trading Plans for SMHI

• Buy SMHI just above 14.65, target na, stop loss at 14.61 details

If 14.65 starts to rise, the technical summary data tells us to buy SMHI just above 14.65, with an upside target of $n/a. The data also tells us to set a stop loss at 14.61 in case the stock turns against the trade. 14.65 is the first resistance level above 14.21, and any break above resistance is usually a buy signal. In this case, 14.65, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short SMHI just near 14.65, target 13.84, stop loss at 14.69. details

The technical summary data suggests a short of SMHI if it tests 14.65 with a downside target of 13.84. However, we should set a stop loss at 14.69 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance at 14.65 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for SMHI

• Buy SMHI just above 14.65, target na, stop loss at 14.62 details

If 14.65 starts to rise, the technical summary data tells us to buy SMHI just above 14.65, with an upside target of $n/a. The data also tells us to set a stop loss at 14.62 in case the stock turns against the trade. 14.65 is the first resistance level above 14.21, and any break above resistance is usually a buy signal. In this case, 14.65, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short SMHI just near 14.65, target 13.95, stop loss at 14.68. details

The technical summary data suggests a short of SMHI if it tests 14.65 with a downside target of 13.95. However, we should place a stop loss at 14.68 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance at 14.65 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Seacor Marine Holdings Inc. (SMHI) available here: SMHI.

SMHI ratings for July 14:

AI-generated signals for SMHI

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Seacor Marine Holdings Inc. The data table (NASDAQ:SMHI) below can help you with the price action and we also have more details. Trading plans for SMHI are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.