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SMMCU NEWS why is South Mountain Merger Corp Unit price falling or rising

SMMCU NEWS reasons for why stock price of South Mountain Merger Corp Unit is falling or rising

SMMCU South Mountain is falling or rising technical reasons

Technical analysis forecast of South Mountain Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in South Mountain SMMCU at this time. Stock is rising and might rise more.

It appears as if South Mountain SMMCU gave a large move recently.

Stock of South Mountain (SMMCU) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of South Mountain is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if South Mountain stays above 19.2, but if it comes below 19.2, then a intra day sell could be more profitable.
If you take a sell trade below 19.2, then use 19.2 as stoploss and 17.74 as target. However if you take a buy trade in South Mountain, then use 19.2 as stoploss and 20.9 as target.

SMMCU South Mountain is falling or rising NEWS fundamental reasons

More announcements and NEWS

SMMCU South Mountain Merger Corp Unit current price & indicator signals

Moving Averages for South Mountain Merger Corp Unit

  • 5Day Average: 19.32
  • 12Day Average: 18.73
  • 20Day Average: 17.76
  • 50Day Average: 14.81
  • 100Day Average: 12.89
  • 150Day Average: 12.01
  • 200Day Average: 11.61

SMMCU Indicators & signals

Indicator MACD (12,26,9)

18.64, 17.17, 1.41
Indicator MACD is in positive zone

Indicator ADX (14)

52.54, 52.33, 16.28
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SMMCU South Mountain Merger Corp Unit are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Tue Jan 2021 19.69 19.69 to 19.69 1.29% 0.04 times
11 Mon Jan 2021 19.44 19.26 to 19.44 -2.8% 0.26 times
07 Thu Jan 2021 20.00 20.00 to 20.83 5.37% 0.07 times
06 Wed Jan 2021 18.98 18.30 to 18.98 2.59% 0.27 times
05 Tue Jan 2021 18.50 18.20 to 18.50 0.11% 0.88 times
31 Thu Dec 2020 18.48 18.29 to 20.09 -2.79% 0.16 times
29 Tue Dec 2020 19.01 18.76 to 20.39 -0.63% 2.64 times
28 Mon Dec 2020 19.13 18.79 to 19.50 -0.73% 4.57 times
24 Thu Dec 2020 19.27 17.50 to 19.27 10.11% 1 times
22 Tue Dec 2020 17.50 17.28 to 17.50 1.16% 0.07 times
18 Fri Dec 2020 17.30 17.30 to 17.30 -0.8% 0.06 times
15 Tue Dec 2020 17.44 15.85 to 17.44 4.74% 0.07 times

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SMMCU NEWS why is South Mountain Merger Corp Unit price falling or rising

 

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