Vaneck Semiconductor Etf SMH Investment Analysis – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for SMH
  • Buy SMH over 275.41 target 292.50 stop loss @ 274.61 Details
  • The technical summary data tells us to buy SMH near 275.41 with an upside target of 292.50. This data also tells us to set a stop loss @ 274.61 to protect against excessive loss in case the stock begins to move against the trade. 275.41 is the first level of support below 279.83 , and by rule, any test of support is a buy signal. In this case, support 275.41 is being tested, a buy signal would exist.

  • Short SMH under 292.50, target 275.41, stop loss @ 293.34 Details
  • The technical summary data is suggesting a short of SMH as it gets near 292.50 with a downside target of 275.41. We should have a stop loss in place at 293.34though. 292.50 is the first level of resistance above 279.83, and by rule, any test of resistance is a short signal. In this case, if resistance 292.50 is being tested, a short signal would exist.

Swing Trading Plans for SMH
  • Buy SMH over 292.50, target n/a, Stop Loss @ 291.66 Details
  • If 292.50 begins to break higher, the technical summary data tells us to buy SMH just over 292.50, with an upside target of n/a. The data also tells us to set a stop loss @ 291.66 in case the stock turns against the trade. 292.50 is the first level of resistance above 279.83, and by rule, any break above resistance is a buy signal. In this case, 292.50, 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 292.50, target 278.41, Stop Loss @ 293.34. Details
  • The technical summary data is suggesting a short of SMH if it tests 292.50 with a downside target of 278.41. We should have a stop loss in place at 293.34 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, 292.50, 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 over 292.50, target n/a, Stop Loss @ 291.82 Details
  • If 292.50 begins to break higher, the technical summary data tells us to buy SMH just over 292.50, with an upside target of n/a. The data also tells us to set a stop loss @ 291.82 in case the stock turns against the trade. 292.50 is the first level of resistance above 279.83, and by rule, any break above resistance is a buy signal. In this case, 292.50, 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 292.50, target 279.75, Stop Loss @ 293.18. Details
  • The technical summary data is suggesting a short of SMH if it tests 292.50 with a downside target of 279.75. We should have a stop loss in place at 293.18 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, 292.50, 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 Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Strong Neutral Strong
P1 0 0 259.16
P2 277.44 274.74 275.41
P3 279.75 278.41 292.50

With an objective approach to Vaneck Semiconductor Etf (NYSE: SMH), 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 SMH 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 SMH 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 SMH too.  All of these are offered below the Summary Table.

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Fundamental Charts for SMH

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