SM: TechnicalsI would see that the price has a greater chance to trade upwards in this current channel. Potential scenarios drawn with arrows.
SM trade ideas
SM Energy has critical point!1) I drew resistance and support lines in the past and they worked very well for short and long positions. I drew support line and it is very close to be broken or security will take support from there. I drew resistance line and it is another obtacle for new peaks. If security wanna increase, it must break it. Also RSI has 2 moving averages and they crossed each other. It is sell sign. Purple cut down green one(sell sign).
2) I drew Overbought(23.25) and Oversold(-44.26) areas for Momentum Indicator. I applied (8 period SMA) on Momentum. Momentum cut above its moving average and it is buy sign.
3) I drew resistance line on CCI Indicator. I applied (14 period WMA) on CCI. CCI will nearly cut down its moving average but we have to wait at the end of this month's closing. We have to wait for buying this security because CCI has not cut above its resistance line. Resistance line must be broken.
4) I drew Support Line on prices and it has not been broken yet. Also i applied 2 moving averages which are called DEMA(5 period and 20 period).
🛢️📈 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
Distribution and livermore acumulationDistribution and livermore acumulation on the sm energr compagnie
Bullish break out for SM EnergyStrong break out in weekly chart , buy signal came out on 38,42. Target is 48,69
$SM ENERGY breakout target huge volatility when we broke our current resistant above the 37.49$, now we should hold above to confirm the breakout and test around the 42.55$ first then above the 50$.
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Sm energy going to the the moonSm Energy one play that since march 2020, has run 25 x its value, and is high leverage to the price of oil.
SM Energy Looking Great for Moves HigherSM Energy continues to look very bullish with a longer-term cup & handle-like pattern and recent ascending wedge that should move to the upside.
Target around 60$
$SM Oil stock setup with Nice baseSetting up like every other oil stock. Clean pivot and relative strength rating for 99.
$SM Energy- breakoutwe will continue up till our first profit taking between 38-40.83$ mark , then if we over come this resistant will go and pump till the 54.20, we need to hold above the 31.99$, to confirm this bullish momentum to hold.
SM: Ascending Triangle (95%) Cup'n Handle (99%)SM Energy following the overall trend in energy stocks.
The daily graph shows a confirmed ascending triangle with price target of 52.29$ (Left graph).
The weekly chart shows a confirmed cup'n handle with price target of 52.42$, similar to daily chart (Top right).
The sector graph (Energy) is building into an ascending triangle (not confirmed). It still has to break through resistance level at 460$ to confirm uptrend. If confirm, the sector as a whole may see a 77% increase. This, if confirm, will help SM hitting the price target and probably surpass it. Watching for now until a clear break in the sector shows.
Stay humble, have fun, make money!
$SM - was a chart requestThere you have it, looks like we are about to go down for a 2 and then be in a 3 of 3
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 , $3.30/cnt
SM: Ascending Triangle (95%) WEEKLYEnergy stock on the move.
Ascending triangle on the weekly chart, not confirmed yet.
Must break 26$ with volume to confirm.
If confirmed:
Price target = 52.30$
Stay Humble, Have Fun, Make money!
Bullish pattern and possible breakout on SMBullish pattern developing here. I started a position with stop below 50day ma. NYSE:SM
$SM Box Breakout SetupAnother energy stock with a nice looking consolidation setup. Watching this one very closely this week for signs of upside momentum resumption.
S M Energy Co (SM)- ENGAGED IN EXPLORATION, PRODUCTION AND ACQUISITION OF OIL AND NATURAL GAS IN ONSHORE NORTH AMERICA,
Bullish energy stocksSM's PSAR Dot about to switch below, signs of sellers exhaustion. SM above all moving average with huge volume on march 19, 2021 with a reversal candle stick pattern creating a double bottom pattern also, as well as overall energy sector are bullish. price target above $22 to around $25 if were optimistic.
Practice Identifying pullbacks in a strong Bull Market.I am trying to identify pullbacks within a strong bull market. Doing everything as textbook as possible. Any suggestions from people who have had experience away from the textbook with a similar strategy?
My target for next week is 9.59$ minThe 3 days decline has just finished and from Tuesday soar again The investors you wanted take their gains have already made it
