Technical analysis from Summerset (SUM.NZ, NZE:SUM) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Summerset
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Summerset : Current trading activity signals accumulation is present
Accumulation / Distribution /
Summerset : Current trading activity signals accumulation is present

[BULLISH]: Summerset current accumulation has given strength to the share price and the continuation of bullish trading conditions.

SUM: Current trading activity signals DVI accumulation is active
Daily Volume Index /
SUM: Current trading activity signals DVI accumulation is active

SUM: DVI Current Signal -> (1) 13 Dec: BULLISH (2) 12 Dec: BULLISH (3) 11 Dec: BULLISH

Weighted Moving Average /
The WMA trend following signal is still current for Summerset [Bearish]

[BEARISH]: Summerset currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.2%.

Percentage Volume /
Volume for Summerset continues to lose momentum @-37.8)

[BEARISH]: Summerset currently has negative PVO -37.8%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 5.2%.

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for SUM

SUM: EMA(5) Current Signal -> (1) 13 Dec: BULLISH (2) 12 Dec: BULLISH (3) 11 Dec: BULLISH CROSSOVER

Rate of Change /
ROC continues to rise for Summerset signalling an uptrend will persist

SUM: ROC Current Signal -> (1) 13 Dec: BULLISH (2) 12 Dec: BULLISH (3) 11 Dec: BULLISH

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Demarks Pivot Points /
Limit order for a short position has been identified for Summerset [Bearish]

Summerset has broken the first DeMark support point ($5.1375) [Bearish]. Look for a short limit order entry near this point. Exit price for SUM should be set @$5.115 & short position stoploss for Summerset should be set at $5.145

SUM has achieved a lower range ($0.03)
Price Range /
SUM has achieved a lower range ($0.03)

[BEARISH]: Summerset current downtrend in the first timeframe. Currently, the Range is $0.03.

[Short]: Entry price for SUM should be set @$3.38
Fibonacci Extensions /
[Short]: Entry price for SUM should be set @$3.38

Summerset has moved above the 161.8% level ($3.38) [Bearish]. Look for a short limit order entry near this point. Exit price for SUM should be set @$3.98 & short position stoploss for Summerset should be set at $2.78

Relative Strength Index /
Summerset is no longer overbought with the Relative Strength Index @62.5806

SUM: RSI Recent Trading -> (1) 13 Dec: 62.5806 (2) 12 Dec: 71.1368 (3) 11 Dec: 72.6685

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Summerset

[BEARISH]: Summerset UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.204.

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Summerset indicating downward price movement is likely

SUM: TMA Recent Trading -> (1) 13 Dec: 5.249 (2) 12 Dec: 5.262 (3) 11 Dec: 5.268

Summerset : MACD oscillator (-0.014000)
MACD /
Summerset : MACD oscillator (-0.014000)

[BEARISH]: Summerset currently has negative MACD of -0.014000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.2%.

SUM: Over the last 12 months there has been 10 trading  days with the closing price in the lower part of the range giving a confirmation ratio of 34.5%.
Close Tod Vs Range Tod /
SUM: Over the last 12 months there has been 10 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.5%.

[BEARISH]: Summerset sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Summerset adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 10 trading days with the closing price in the lower part of the range giving a confirmation ratio of 34.5%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 10 days in the lower price range compared to 13 days in the upper range giving a ratio of 0.8x.

Closed Window /
Summerset : Closed Window

[BEARISH]: Summerset has Gapped Down on previous bar.

Open Tod Vs Close Tod /
SUM: Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range

[BEARISH STRONG]: Summerset opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 5 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 17.2%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 22.2%.

Pivot Points /
Summerset has moved below the S1 pivot point ($5.12) [Bearish]

Summerset current pivot point is: 5.14. The current resistance levels are: (R1) $5.15: (R2) $5.17: (R3) $5.18: The current support levels are: (S1) $5.12: (S2) $5.11: (S3) $5.09

Weak opening from SUM has seen an decrease of -0.8 % [Downtrend]
Opening Price /
Weak opening from SUM has seen an decrease of -0.8 % [Downtrend]

[BEARISH]: Summerset opening price has gapped down. Currently, the OPEN is $5.16 (-0.8 %).

Bullish trading conditions for Summerset  has been signalled from the DPO (0.301)
Detrended Price Oscillator /
Bullish trading conditions for Summerset has been signalled from the DPO (0.301)

[BULLISH]: Summerset currently has a confirmed uptrend. Price is currently above the displaced moving average for SUMCurrently, the return on DPO20 is -1.2%.

Summerset : Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Summerset : Direction, extent & volume have decreased in recent trading [Selling Pressure]

SUM: Elders Force Index Recent Trading -> (1) 13 Dec: -688 (2) 12 Dec: 344 (3) 11 Dec: 395

Volume /
Summerset has reached a new volume high of 188938 (358.7)

[BULLISH]: Summerset current volume uptrend in the first timeframe. Volume for SUM is188938 (358.7).

Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Summerset

[BULLISH]: Summerset 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%.

Momentum /
Momentum continues to reduce for Summerset signalling a short term downtrend is likely

[BEARISH]: Summerset currently has negative momentum of -0.15 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -1.2%.The largest downward momentum rally for the last 3 months is 4 days producing a return of -2.2%%.

Sine Weighted Moving Average /
Summerset is in a short term downtrend with the resistance price @$5.206

[BEARISH]: Summerset currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -1.2%.

[Bearish]: Lower high has formed for SUM by -1.1 % during the last trading session
High Price /
[Bearish]: Lower high has formed for SUM by -1.1 % during the last trading session

[BEARISH]: Summerset current downtrend in the first timeframe. Currently, the HIGH is -1.1 %.

Weaker price performance from SUM has seen a lower close of -1.2 % [Downtrend]
Closing Price /
Weaker price performance from SUM has seen a lower close of -1.2 % [Downtrend]

[BEARISH]: Summerset current downtrend in the first timeframe. Currently, the Close is $5.13.

Average Directional Movement /
Average Directional Index for Summerset has signalled a strong trend is active

SUM: Average Directional Index Current Signal -> (1) 13 Dec: TREND STRONG (2) 12 Dec: TREND STRONG (3) 11 Dec: TREND STRONG

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