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  has moved below the S1 DeMark pivot point ($4.965) [Bearish]
Demarks Pivot Points /
Summerset has moved below the S1 DeMark pivot point ($4.965) [Bearish]

Summerset has broken the first DeMark support point ($4.965) [Bearish]. Look for a short limit order entry near this point. Exit price for SUM should be set @$4.93 & short position stoploss for Summerset should be set at $5.03

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

[BEARISH]: Summerset currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -2.4%.

Closed Window /
Summerset : Closed Window

SUM: Continuation Candlestick Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: NEUTRAL (3) 18 Oct: NEUTRAL

Long Trend /
Daily bar has maintained 3rd timeframe Uptrend for SUM

[BULLISH]: Summerset has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 3 2017.

Williams %R /
William %R Oversold signal is still current for Summerset [Bullish]

[BEARISH]: Summerset is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

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Piercing /
A Piercing Pattern (Bullish) candlestick pattern has been detected for Summerset (SUM).

[BULLISH]: Summerset has formed a new Bullish Piercing reversal pattern. This means, SUM has been in a short term downtrend with a black candle which is followed by a strong gap down on open but closes in the upper half of the previous candle. This indicates after a very weak open the bulls have taken control on the close and highlights a potential trend change in the upward direction.

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

SUM: EMA(5) Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

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Recent trading for Summerset  fell short of the previous close by -2.4 %
Closing Price /
Recent trading for Summerset fell short of the previous close by -2.4 %

SUM: CLOSE Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: NEUTRAL

Summerset  has signalled an ATR trend present [Uptrend]
Average True Range /
Summerset has signalled an ATR trend present [Uptrend]

[Bullish]: Average True Range has confirmed an uptrend is present. Summerset has a TR of 0.18, and an ATR(14) of 0.087.

Momentum /
Negative momentum for Summerset is a leading indicator for continued price falls

[BEARISH]: Summerset currently has negative momentum of -0.19 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.4%.The largest downward momentum rally for the last 3 months is 4 days producing a return of -2.4%%.

Aroon Oscillator /
SUM: Aroon oscillator has confirmed a downtrend @-20

SUM: Aroon Oscillator Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BULLISH STRONG (3) 18 Oct: BULLISH STRONG

Elder Ray Index /
Summerset : Elder Ray Index is -0.216 [Bearish]

[BEARISH]: Summerset Elder Ray Index is signalling a Bearish movementERI is -0.216 indicating bear power. Prices are being driven below the consensus of value for SUM during the last trading session [Selling Pressure]

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

[BEARISH]: Summerset UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.182.

Summerset : Current trading activity OBV signals distribution is present
On Balance Volume /
Summerset : Current trading activity OBV signals distribution is present

[BEARISH]: Summerset current price has highlighted recent distribution. Currently, the OBV is -868913.

Detrended Price Oscillator /
[Bearish]: Displaced moving average is now above the price for SUM

[BEARISH]: Summerset currently has a confirmed downtrend. Price is currently below the displaced moving average for SUMCurrently, the return on DPO20 is -2.4%.

Volume /
Strong volume performance from SUM has seen a higher volume of 258.4 [Uptrend]

[BULLISH]: Summerset current volume uptrend in the first timeframe. Volume for SUM is986870 (258.4).

Pivot Points /
Short positions for Summerset should be set between $4.953 & $4.906

Summerset has broken the first support point ($4.906) [Bearish]. Look for a short limit order entry near this point. Exit price for SUM should be set @$4.853 & short position stoploss for Summerset should be set between $5.053 & $5.106

Summerset  currently has positive PPO 0.100
Percentage Price /
Summerset currently has positive PPO 0.100

[BULLISH]: Summerset currently has positive PPO 0.100%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

PEG ratio for Summerset  is 5.93
GROWTH /
PEG ratio for Summerset is 5.93

Summerset Key financial metrics: (1) Book Value: $2.88 (2) Market-to-Book ratio: 1.77 (3) PEG Ratio: 5.93

Summerset  is being actively accumulated based on DVI
Daily Volume Index /
Summerset is being actively accumulated based on DVI

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

PROFIT /
Earnings for Summerset is $18.34M

Summerset Key financial metrics: (1) Revenue: $96.50M (2) EBITDA: $18.34M (3) Price-Sales ratio: 11.48

Low Price /
[Bearish]: Summerset has failed beat previous low by -3.5 %

[BULLISH]: Summerset current downtrend in the first timeframe. Currently, the Low is $4.9 (-3.5 %).

Volume Rate of Change /
14-day volume rate of change is now increasing for Summerset

[BULLISH CROSSOVER]: Summerset currently has positive volume of change of 109%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -2.4%.

Stochastic Oversold signal is still current for Summerset  [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for Summerset [Bullish]

[BULLISH]: Summerset is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Summerset  was easily moved downward on high volume in recent trading
Ease of Movement /
Summerset was easily moved downward on high volume in recent trading

[BEARISH]: Summerset current price have moved downwards on high volume. Currently, the Ease of Movement is -1.773

Chaikin Money Flow /
Summerset continues positive divergence & potential shift in direction

[BULLISH]: Summerset current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.05. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.41

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