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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


# Declaration Date 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

What is the symbol for Simpson Manufacturing Company Inc Stock and on which exchange is it traded?
The symbol for Simpson Manufacturing Company Inc is SSD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Simpson Manufacturing Company Inc Stock?
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.

How to buy Simpson Manufacturing Company Inc Stock?
Simpson Manufacturing Company Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Simpson Manufacturing Company Inc Stock.

What's the current price of Simpson Manufacturing Company Inc Stock?
As of the end of day on the Nov 08, 2024, the price of an Simpson Manufacturing Company Inc (SSD) share was $189.23.

What is the 52-week high and low for Simpson Manufacturing Company Inc Stock?
The 52-week high for Simpson Manufacturing Company Inc Stock is $218.36 and the 52-week low is $140.63.

What is the market capitalization of Simpson Manufacturing Company Inc Stock?
As of the Nov 08, 2024, the market capitalization of Simpson Manufacturing Company Inc is 7.979B.

When is the next earnings date for Simpson Manufacturing Company Inc?
The upcoming earnings date for Simpson Manufacturing Company Inc is Feb 03, 2025.
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ABOUT SIMPSON MANUFACTURING COMPANY INC
Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide ...
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