Simpson Manufacturing Company Inc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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Simpson Manufacturing Company Inc stock upgraded to Buy Candidate
(Updated on Nov 08, 2024)
Buy candidate since Nov 08, 2024
The Simpson Manufacturing Company Inc stock price gained 1.15% on the last trading day (Friday, 8th Nov 2024), rising from $187.09 to $189.23. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.70% from a day low at $186.98 to a day high of $190.15. The price has risen in 7 of the last 10 days and is up by 4.3% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 165 thousand shares were bought and sold for approximately $31.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.59% during the next 3 months and, with a 90% probability hold a price between $188.10 and $212.38 at the end of this 3-month period.
SSD Signals & Forecast
Mostly positive signals in the chart today. The Simpson Manufacturing Company Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $182.77 and $187.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, October 22, 2024, and so far it has risen 7.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Simpson Manufacturing Company Inc stock
Simpson Manufacturing Company Inc finds support from accumulated volume at $184.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.17 between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: $180.97 (-4.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (SSD) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect Simpson Manufacturing Company Inc to open at $188.79, and during the day (based on 14 day Average True Range), to move between $184.50 and $193.96, which gives a possible trading interval of +/-$4.73 (+/-2.50%) up or down from last closing price. If Simpson Manufacturing Company Inc takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $189.26 (0.02%) than the support at $184.10 (2.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Simpson Manufacturing Company Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Simpson Manufacturing Company Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.040 Buy Candidate Upgraded
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Predicted Fair Opening Price
Predicted fair opening price on November 11, 2024 - $188.79 ( 0.234%).Trading levels for SSD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 191.96 | 1.44% |
R2 | 190.75 | 0.80% |
R1 | 190.00 | 0.406% |
Price | 189.23 | |
S1 | 187.58 | -0.87% |
S2 | 186.83 | -1.27% |
S3 | 185.62 | -1.91% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 191.33 | 1.11% |
R2 | 191.27 | 1.08% |
R1 | 189.26 | 0.0159% |
Price | 189.23 | |
S1 | 184.10 | -2.71% |
S2 | 181.06 | -4.32% |
S3 | 175.98 | -7.00% |
SSD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 24, 2024 | Jan 02, 2025 | Jan 23, 2025 | $0.280 | 0.148% |
2 | Jul 26, 2024 | Oct 03, 2024 | Oct 24, 2024 | $0.280 | 0.154% |
3 | Jul 04, 2024 | Jul 04, 2024 | Jul 25, 2024 | $0.280 | 0.151% |
4 | May 01, 2024 | Jul 03, 2024 | Jul 25, 2024 | $0.280 | 0.151% |
5 | Jan 23, 2024 | Apr 03, 2024 | Apr 25, 2024 | $0.270 | 0.158% |
FAQ
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