NASDAQ:SUMR - Nasdaq - US8656463010 - Common Stock
Overall SUMR gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SUMR is showing a nice and steady performance.
Besides having an excellent technical rating, SUMR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.77, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
7.96
When analyzing the support we can see 3 important areas.
We found 1 important resistance area.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
12.11 | 11.14 | 0.97 (8.01%) | 12.48% |
An entry @12.11. This is a Buy Stop order right above the resistance zone. | An exit @11.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.97 points, which is 8.01%. | When investing 12.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
NASDAQ:SUMR (6/21/2022, 8:00:02 PM)
11.99
+0.01 (+0.08%)