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RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Stronger technical forecast for Simpson Manufacturing Company Inc stock price after Friday trading.
(Updated on Dec 01, 2023)


Buy or Hold candidate since Nov 07, 2023 Gain 19.86% PDF
The Simpson Manufacturing Company Inc stock price gained 3.31% on the last trading day (Friday, 1st Dec 2023), rising from $166.97 to $172.49. It has now gained 3 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 3.82% from a day low at $166.49 to a day high of $172.85. The price has risen in 9 of the last 10 days and is up by 11.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 65 thousand more shares were traded than the day before. In total, 283 thousand shares were bought and sold for approximately $48.78 million.

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Given the current short-term trend, the stock is expected to rise 2.50% during the next 3 months and, with a 90% probability hold a price between $130.95 and $176.80 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $165.34 and $145.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, October 24, 2023, and so far it has risen 36.98%. 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 is rising along with the price. This is considered to be a good technical signal.

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Support, Risk & Stop-loss for Simpson Manufacturing Company Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $143.06 and $140.79. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Simpson Manufacturing Company Inc finds support just below today's level at $143.06. If this is broken, then the next support from accumulated volume will be at $140.79 and $131.75.

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 $6.36 between high and low, or 3.82%. For the last week, the stock has had daily average volatility of 2.29%.

The Simpson Manufacturing Company Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $166.87 (-3.26%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (SSD) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Simpson Manufacturing Company Inc to open at $170.61, and during the day (based on 14 day Average True Range), to move between $168.41 and $176.57, which gives a possible trading interval of +/-$4.08 (+/-2.36%) 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 4.73% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $143.06, some $29.43 (17.06%) from the current price of $172.49, our system finds the risk reward attractive.

Is Simpson Manufacturing Company Inc stock A Buy?

Simpson Manufacturing Company Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.139 Open Broker Account

Strong Buy Candidate Upgraded

Predicted Opening Price for Simpson Manufacturing Company Inc of Monday, December 4, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price December 4, 2023 Current price
$170.61 $172.49 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 176.97 2.60 %
R2 174.54 1.19 %
R1 173.04 0.319 %
Current price: 172.49
Support S1 168.18 -2.50 %
S2 166.68 -3.37 %
S3 164.25 -4.78 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 172.49
Support S1 143.06 -17.06%
S2 140.79 -18.38%
S3 131.75 -23.62%
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?
Simpson Manufacturing Company Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong 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 2023-12-01, the price of an Simpson Manufacturing Company Inc (SSD) share was $172.49.

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 $172.85 and the 52-week low is $87.07.

What is the market capitalization of Simpson Manufacturing Company Inc Stock?
As of the 2023-12-01, the market capitalization of Simpson Manufacturing Company Inc is 7.125B.

When is the next earnings date for Simpson Manufacturing Company Inc?
The upcoming earnings date for Simpson Manufacturing Company Inc is 2024-02-05 00:00:00.

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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 ... SSD Profile

SSD Dividend Data

0.84%

Dividend Yield (TTM)
Payout Ratio (TTM) 9.31%
Next Ex-Dividend Date Jan 03, 2024
Next Payment Date Jan 25, 2024
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