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Simpson Manufacturing Company Inc stock downgraded to Hold/Accumulate
(Updated on Jun 20, 2024)

Buy or Hold candidate since Jun 18, 2024 Loss -0.13% PDF

The Simpson Manufacturing Company Inc stock price fell by -0.134% on the last day (Thursday, 20th Jun 2024) from $171.15 to $170.92. During the last trading day the stock fluctuated 2.43% from a day low at $169.27 to a day high of $173.38. The price has fallen in 6 of the last 10 days but is still up by 4.55% over the past 2 weeks. Volume has increased on the last day by 47 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 305 thousand shares were bought and sold for approximately $52.16 million.

Given the current short-term trend, the stock is expected to fall -18.34% during the next 3 months and, with a 90% probability hold a price between $127.26 and $139.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SSD 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, 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 $166.15 and $170.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 6.71%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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

Simpson Manufacturing Company Inc finds support from accumulated volume at $170.82 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 $4.11 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 2.48%.

Our recommended stop-loss: $165.10 (-3.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (SSD) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Simpson Manufacturing Company Inc to open at $171.19, and during the day (based on 14 day Average True Range), to move between $166.47 and $175.37, which gives a possible trading interval of +/-$4.45 (+/-2.60%) 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 5.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $170.82 (0.06%) than the resistance at $173.61 (1.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Simpson Manufacturing Company Inc stock A Buy?

Simpson Manufacturing Company Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.531 Hold/Accumulate Downgraded

Predicted Opening Price for Simpson Manufacturing Company Inc of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$171.19 ( 0.157%) $170.92

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

Trading levels for SSD

Fibonacci Support & Resistance Levels

Level Price
R3 175.29 2.56%
R2 173.73 1.64%
R1 172.76 1.07%
Price 170.92
S1 169.62 -0.761%
S2 168.65 -1.33%
S3 167.08 -2.25%

Accumulated Volume Support & Resistance Levels

Level Price
R3 175.66 2.77%
R2 173.89 1.74%
R1 173.61 1.57%
Price 170.92
S1 170.82 -0.0585%
S2 169.62 -0.761%
S3 169.23 -0.99%

SSD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 04, 2024 Jul 04, 2024 Jul 25, 2024 $0.280 0.164%
2 May 01, 2024 Jul 03, 2024 Jul 25, 2024 $0.280 0.164%
3 Jan 23, 2024 Apr 03, 2024 Apr 25, 2024 $0.270 0.158%
4 Oct 23, 2023 Jan 03, 2024 Jan 25, 2024 $0.270 0.148%
5 Jul 31, 2023 Oct 04, 2023 Oct 26, 2023 $0.270 0.210%

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?
Simpson Manufacturing Company Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate 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 Jun 20, 2024, the price of an Simpson Manufacturing Company Inc (SSD) share was $170.92.

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 $124.50.

What is the market capitalization of Simpson Manufacturing Company Inc Stock?
As of the Jun 20, 2024, the market capitalization of Simpson Manufacturing Company Inc is 7.206B.

When is the next earnings date for Simpson Manufacturing Company Inc?
The upcoming earnings date for Simpson Manufacturing Company Inc is Jul 22, 2024.
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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

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