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Simpson Manufacturing Company Inc Stock Forecast NYSE:SSD

$130.04 (-0.44%)

Volume: 189k

Closed: Dec 08, 2021

Hollow Logo Score: 2.695

Simpson Manufacturing Company Inc Stock Forecast

$130.04 (-0.44%)

Volume: 189k

Closed: Dec 08, 2021

Score Hollow Logo 2.695
Which way will SSD go? Request
Stop-loss: $125.11 (-3.79%)
Key Stats
P/E Ratio 25.07
Beta 1.12
Trailing Dividend Rate 0.73% ($0.96)
Next Dividend Date Jan 05, 2022
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 69 and the stock is currently not being overbought or oversold

Simpson Manufacturing Company Inc stock downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on Dec 08, 2021)


Buy candidate since 2021-12-01 Gain 11.14%

The Simpson Manufacturing Company Inc stock price fell by -0.44% on the last day (Wednesday, 8th Dec 2021) from $130.62 to $130.04. During the day the stock fluctuated 2.46% from a day low at $127.92 to a day high of $131.06. The price has risen in 6 of the last 10 days and is up by 7.94% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -107 thousand shares and in total, 189 thousand shares were bought and sold for approximately $24.59 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $130.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.17% during the next 3 months and, with a 90% probability hold a price between $130.11 and $150.75 at the end of this 3-month period.

Signals & Forecast

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 $123.70 and $117.82. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, December 07, 2021, and so far it has fallen -0.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $123.25 and $110.77. There is 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 $123.25. If this is broken, then the next support from accumulated volume will be at $110.77 and $106.72.

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 $3.15 between high and low, or 2.46%. For the last week, the stock has had a daily average volatility of 3.26%.

Our recommended stop-loss: $125.11 (-3.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 days ago.)

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.695

Predicted Opening Price for Simpson Manufacturing Company Inc of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$129.67 $130.04 (Overvalued)
Buy Candidate Downgraded

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Analyst Ratings

On Oct 26, 2021 "Robert W. Baird" gave "$138.00 - $135.00" rating for SSD. The price target was set to $116.65+1.6%.

Volatility and Risk
Daily Average Volatility: 3.26 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.26 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $130.62
Price: $130.04
Support: $123.25

SSD Insider Trading Show all Trades

INSIDER POWER

0.737

Last 100 transactions
Buy: 181 361 | Sell: 246 231 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 1 500 Dankel Roger Common Stock
Nov 15, 2021 Sell 2 000 Magstadt Brian J Common Stock
Nov 09, 2021 Sell 800 Andrasick James S Common Stock
Nov 08, 2021 Sell 15 000 Colonias Karen Winifred Common Stock
Nov 01, 2021 Sell 1 500 Dankel Roger Common Stock
Show all Insider Trades
INSIDER POWER

0.737

Last 100 transactions
Buy: 181 361 | Sell: 246 231 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 132.82 2.14 %
131.62 1.21 %
130.87 0.64 %
Current price: 130.04
Support 128.47 -1.21 %
127.73 -1.78 %
126.53 -2.70 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
130.62 0.45 %
Current price 130.04
Support 123.25 -5.22%
110.77 -14.82%
106.72 -17.93%

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About Simpson Manufacturing Company Inc

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated... Read more

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