NYSE:SUM - New York Stock Exchange, Inc. - US86614U1007 - Common Stock - Currency: USD
Taking everything into account, SUM scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SUM is showing a nice and steady performance.
Although SUM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
34.97
4 important support areas can be observed.
We found 1 important resistance area.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
Indicator | Value | Signal | Comment |
---|---|---|---|
ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SUM is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SUM is up. |
ChartMill Relative Strength | 84.31 | POSITIVE | SUM has a high relative strength, it outperformed 84.31% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SUM is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SUM is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SUM is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 73.6 | OVERBOUGHT | The high RSI value suggests SUM may be overbought. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SUM has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 66.94 | NEUTRAL | The Stochastics value for SUM is a neutral value. |
Average True Range in percent/ATR (20) | 0.36 | LOW VOLATILITY | The low ATR as a percentage value for SUM suggests low volalility. |
Average Directional Index/ADX (14) | 57.59 | POSITIVE | The high ADX value value for SUM suggests a strong trend. |
52.49
+0.04 (+0.08%)