SIM NEWS why is Grupo Simec S.a. De C.v. price falling or rising

SIM NEWS reasons for why stock price of Grupo Simec S.a. De C.v. is falling or rising

SIM Grupo Simec is falling or rising technical reasons

Technical analysis forecast for Grupo Simec Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Grupo Simec SIM at this time. Stock is falling and might fall more.

It appears as if Grupo Simec SIM gave a large move recently.

Stock of Grupo Simec (SIM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Grupo Simec is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 30.8 as stoploss in an intra day buy trade for a target of 31.6. However, stock will show a bearish move below 30.8.

SIM Grupo Simec is falling or rising NEWS fundamental reasons

More announcements and NEWS

SIM Grupo Simec S.a. De C.v. current price & indicator signals

Moving Averages for Grupo Simec S.a. De C.v.

  • 5Day Average: 32.2
  • 12Day Average: 31.65
  • 20Day Average: 31.34
  • 50Day Average: 31.31
  • 100Day Average: 32.32
  • 150Day Average: 32.61
  • 200Day Average: 31.89

SIM Indicators & signals

Indicator MACD (12,26,9)

31.79, 31.54, 0.12
Indicator MACD is in positive zone

Indicator ADX (14)

0, 32.22, 32.22
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SIM Grupo Simec S.a. De C.v. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
18 Thu Apr 2024 31.00 31.00 to 31.00 -6.06% 0.58 times
11 Thu Apr 2024 33.00 31.00 to 33.00 1.54% 0.29 times
02 Tue Apr 2024 32.50 32.50 to 32.50 0.78% 0.29 times
26 Tue Mar 2024 32.25 32.25 to 32.25 0% 0.29 times
25 Mon Mar 2024 32.25 32.10 to 32.30 -1.71% 1.88 times
18 Mon Mar 2024 32.81 32.81 to 32.81 2.79% 0.58 times
14 Thu Mar 2024 31.92 31.90 to 31.92 0.38% 0.43 times
07 Thu Mar 2024 31.80 31.80 to 31.80 3.48% 0.29 times
01 Fri Mar 2024 30.73 30.50 to 32.00 0.72% 4.2 times
29 Thu Feb 2024 30.51 30.50 to 30.51 0% 0.87 times
29 Thu Feb 2024 30.51 30.50 to 30.51 0% 0.87 times
29 Thu Feb 2024 30.51 30.50 to 30.51 0.49% 0.87 times

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SIM NEWS why is Grupo Simec S.a. De C.v. price falling or rising

 

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