SM: TechnicalsI would see that the price has a greater chance to trade upwards in this current channel. Potential scenarios drawn with arrows.
Smenergy
🛢️📈 SM Energy (SM) Analysis 📈🛢️🌐 Market Overview:
Industry Context: NYSE:SM Energy operates as an independent energy company, with its performance closely tied to oil prices and production.
Current Environment: Geopolitical tensions have led to a surge in oil prices, with Brent crude surpassing $89 a barrel, potentially benefiting companies like SM.
💼 Company Strategy:
Capital Spending: SM plans to invest $1.16-1.2 billion in capital spending, focusing on increasing production through more wells (115-120 compared to 89 in 2023).
Production Growth: The increased investment aims to drive production growth, aligning with the company's revenue objectives.
📈 Potential Upside:
Oil Price Impact: Rising oil prices can positively impact SM's revenue and profitability, potentially leading to stock price gains.
Revenue Boost: Higher production levels and favorable oil prices could contribute to revenue growth for SM.
📊 Bullish Outlook:
Market Sentiment: Bullish sentiment surrounds SM, with expectations of stock price appreciation.
Upside Targets: Analysts project an upside target above $43.00-$44.00, with potential further gains to $75.00-$77.00.
10/23/22 SMSM Energy Company ( NYSE:SM )
Sector: Energy Minerals (Oil & Gas Production)
Market Capitalization: 5.455B
Current Price: $44.50
Breakout price trigger: $45.50
Buy Zone (Top/Bottom Range): $43.30-$39.70
Price Target: $54.30-$55.60
Estimated Duration to Target: 62-66d
Contract of Interest: $SM 1/20/23 50cTrade price as of publish date: $3.70/contract
$SM ENERGY breakout target huge volatility when we broke our current resistant above the 37.49$, now we should hold above to confirm the breakout and test around the 42.55$ first then above the 50$.
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tiny.one
SM Energy Looking Great for Moves HigherSM Energy continues to look very bullish with a longer-term cup & handle-like pattern and recent ascending wedge that should move to the upside.
Target around 60$
$SM Energy- breakoutwe will continue up till our first profit taking between 38-40.83$ mark , then if we over come this resistant will go and pump till the 54.20, we need to hold above the 31.99$, to confirm this bullish momentum to hold.
10/3/21 SMSM Energy Company (SM)
Sector: Energy Minerals (Oil & Gas Production)
Current Price: $27.86
Breakout price trigger: $26.90 (hold above)
Buy Zone (Top/Bottom Range): $26.50-$23.00
Price Target: $33.80-$34.60 (1st), $45.80-$46.80 (2nd)
Estimated Duration to Target: 51-55d (1st), 224-238d (2nd)
Contract of Interest: $SM 11/19/21 30c, $SM 2/18/22 35c
Trade price as of publish date: $2.65/cnt , $3.30/cnt
My target for next week is 9.59$ minThe 3 days decline has just finished and from Tuesday soar again The investors you wanted take their gains have already made it
SM Triangle Pattern Breakout?SM has a long term ascending triangle patter. I think it will break the yellow line. What do you think?
