Technical analysis from Grupo Simec (SIM, AMEX:SIM) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

Grupo Simec
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Exponential Moving Average(5) signal continues for Grupo Simec indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for Grupo Simec indicating upward price movement is likely

[BULLISH]: Grupo Simec currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 1.2%.

Grupo Simec: ARO(-36) has signalled a downtrend is current
Aroon Oscillator /
Grupo Simec: ARO(-36) has signalled a downtrend is current

SIM: Aroon Oscillator Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Opening Price /
Weak opening from SIM has seen an decrease of 3.9 % [Downtrend]

SIM: OPEN Current Signal -> (1) 25 May: BEARISH (2) 24 May: NEUTRAL (3) 23 May: BEARISH

Volume /
Weaker volume performance from SIM has seen a lower volume of -63.8 [Downtrend]

[BEARISH]: Grupo Simec current volume downtrend in the first timeframe. Volume for SIM is 3365 (-63.8).

Price Range /
Grupo Simec: Daily price range is 0.28 [Downtrend]

[BEARISH]: Grupo Simec current downtrend in the first timeframe. Currently, the Range is $0.28.

Two White Soldiers /
Grupo Simec: Two White Soldiers

[BULLISH]: Grupo Simec has formed a new Two White Soldiers pattern.

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Demarks Pivot Points /
Grupo Simec has moved above the R1 DeMark pivot point ($9.7625) [Bullish]

Grupo Simec current pivot point (DeMark) is: (R1) $9.945. The current pivot point (DeMark) is: (S1) $9.665.

Simple Moving Average /
The SMA trend following signal is still current for Grupo Simec [Bullish]

[BULLISH]: Grupo Simec currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 1.2%.

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Momentum is now building for Grupo Simec signalling a short term uptrend is likely
Momentum /
Momentum is now building for Grupo Simec signalling a short term uptrend is likely

[BULLISH CROSSOVER]: Grupo Simec currently has positive momentum of 0.23. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.2%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 0%.

Recent trading highlights initial buying pressure is present for SIM
Elders Force Index /
Recent trading highlights initial buying pressure is present for SIM

[BULLISH]: Grupo Simec current price has highlighted recent buying pressure. Currently, the Elders Force Index is 393.

Rate of Change /
Grupo Simec currently has negative rate of change for -2.888

[BEARISH]: Grupo Simec currently has negative rate of change of -2.888%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Range Tod Vs Range Yest /
Grupo Simec: Range Performance (-31.7)

[WEAK BEARISH]: Grupo Simec buyers are becoming less eager.There has been 2 consecutive days of range decrease for SIM reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $1.3000 & the greatest daily price range this year has been $1.3000. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 1.0000000000000000000x.

Price continues to trade above the Weighted Moving Average(5) for SIM
Weighted Moving Average /
Price continues to trade above the Weighted Moving Average(5) for SIM

[BULLISH]: Grupo Simec currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 1.2%.

[Fake Day]: MFI indicator is up, volume is down for Grupo Simec
Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Grupo Simec

Grupo Simec Currently is a confirmed Fake Day. MFI indicator is up, volume is down for SIM. Trend continuation possible for SIM from reduced trading activity.

Medium Trend /
Grupo Simec: Downtrend for the medium term trend is continued

SIM: Medium Term Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: NEUTRAL

Ulcer Index /
Ulcer index has increased as the price has fallen for Grupo Simec

SIM: UIC Recent Trading -> (1) 25 May: 6.452 (2) 24 May: 6.263 (3) 23 May: 5.981

Volume Rate of Change /
14-day volume rate of change is now decreasing for Grupo Simec

[BEARISH CROSSOVER]: Grupo Simec currently has negative rate of change of -48%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.2%.

Strong price performance from SIM has seen a higher high of 2.4 % [Uptrend]
High Price /
Strong price performance from SIM has seen a higher high of 2.4 % [Uptrend]

[BULLISH]: Grupo Simec current uptrend in the first timeframe. Currently, the HIGH is 2.4 %.

CMF showing selling pressure & potential change in direction for SIM
Chaikin Money Flow /
CMF showing selling pressure & potential change in direction for SIM

[BEARISH]: Grupo Simec current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.35. SIM The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.95

The 161.8% Fibonacci extension level for SIM has moved to the lower limit. Stoploss should be positioned @$25.31
Fibonacci Extensions /
The 161.8% Fibonacci extension level for SIM has moved to the lower limit. Stoploss should be positioned @$25.31

Grupo Simec has moved below the 161.8% level ($26.71) [Bullish]. Look for a long limit order entry near this point. Exit price for SIM should be set @$28.1 & Stoploss for Grupo Simec should be set at $25.31

White Candle /
SIM Basic Candle: White

[BULLISH]: Grupo Simec has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Elder Ray Index /
Bull power has increased for Grupo Simec signalling bullish conditions are likely

[BULLISH]: Grupo Simec Elder Ray Index is signalling a Bullish movementERI is 0.187 indicating bull power. Prices are being driven above the consensus of value for SIM during the last trading session [Buying Pressure]

Relative Strength Index /
Relative Strength Overbought signal had been maintained for Grupo Simec

[BEARISH]: Grupo Simec is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @96.3

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Grupo Simec & are driving the price up.

[BULLISH]: Grupo Simecbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for SIM adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 10.9 & the greatest daily positive change this year has been 10.9. The longest consecutive upswing rally over the last 12 months has been 2 days giving a total rally upward movement of 10.9%. This quarter, the largest upswing rally has been 2 days giving a total rally upward movement of 10.9%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.7x. Over the last month the average daily upward movement has been 3.700000%

Grupo Simec has signalled an ATR trend present [Downtrend]
Average True Range /
Grupo Simec has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Grupo Simec has a TR of 0.28, and an ATR(14) of 0.401.

Grupo Simec has broken the first resistance point ($9.88) [Bullish]
Pivot Points /
Grupo Simec has broken the first resistance point ($9.88) [Bullish]

Grupo Simec has broken the first resistance point ($9.88) [Bullish]. Look for a long limit order entry near this point. Exit price for SIM should be set @$10.01 & Stoploss for Grupo Simec should be set between $9.45 & $9.32

Detrended Price Oscillator /
DPO for SIM has confirmed price is now below the displaced moving average

[BEARISH]: Grupo Simec currently has a confirmed downtrend. Price is currently below the displaced moving average for SIM. Currently, the return on DPO20 is 1.2%.

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