Long term trading analysis for (SMI)

November 30, 2024, 12:02 AM ET, BY David D. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for SMI

• Buy the SMI near 46.52 and target a stop loss of 46.95 at 46.39 Details

The technical summary data tells us to buy the SMI near 46.52 with an upside target of 46.95. This data also tells us to set a stop loss at 46.39 to protect ourselves from excessive losses in case the stock starts moving against the trade. 46.52 is the first level of support below 46.835 and basically any test of support is a buy signal. In this case the support 46.52 is tested, a buy signal would be present.

• Short SMI slightly below 46.95, target 46.52, stop loss at 47.09 Details

Summary technicals suggest a short position on the SMI as it approaches 46.95 with a downside target of 46.52. However, we should have a stop loss at 47.09. 46.95 is the first resistance level above 46.835, and basically any test of resistance is a short signal. In this case, if the resistance 46.95 is tested, a short signal is present.

Swing trading plans for SMI

• Buy SMI slightly above n/a, target n/a, stop loss at 0 Details

If n/a starts to break higher, the summary technicals tell us to buy the SMI just above n/a, with an upside target of n/a. The data also tells us to set a stop loss at 0 in case the stock turns against the trade. n/a is the first resistance level above 46,835, and basically any break above resistance is a buy signal. In this case, n/a, the initial resistance, would break out to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short SMI slightly near n/a, target 46.52, stop loss at 0. Details

The technical summary data suggests a short position on the SMI if it tests n/a with a downside target of 46.52. However, we should have a stop loss at 0 in case the stock moves against the trade. Basically, every resistance test is a short signal. In this case, if the resistance, n/a, is tested, a short circuit signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for SMI

• Buy SMI slightly above 46.95, target n/a, stop loss at 46.84 Details

If 46.95 starts to break out higher, the summary technicals tell us to buy the SMI just above 46.95 with an upside target of n/a. The data also tells us to set a stop loss at 46.84 in case the stock turns against the trade. 46.95 is the first resistance level above 46.835 and basically any break above resistance is a buy signal. In this case, 46.95, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short SMI slightly near 46.95, target 46.52, stop loss at 47.06. Details

Technical summary data suggests shorting the SMI if it tests 46.95, with a downside target of 46.52. However, we should have a stop loss at 47.06 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if the resistance 46.95 is tested, a short signal is present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Vaneck Hip Sustainable Muni Etf (SMI) available here: SMI.

SMI ratings for November 30th:

AI generated signals for SMI

Real-time updates for repeat institutional readers:

Instructions:

• Click the “Get Real-Time Updates” button below.

• At the login prompt, select “Forgot username.”

• Enter the email address you use for Factset

• Use the user/pass you receive to log in

• You have access to real-time updates 24/7.

From then on, you can just click to get the real-time update whenever you want.

GET REAL-TIME UPDATES

This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading Vaneck Hip Sustainable Muni Etf (NYSE: SMI) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for the SMI 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 market crash protection with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when the SMI tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for SMI. All of this is offered below the overview table.