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SUMO NEWS why is Sumo Logic Inc price falling or rising

SUMO NEWS reasons for why stock price of Sumo Logic Inc is falling or rising

SUMO Sumo Logic is falling or rising technical reasons

Technical analysis forecast of Sumo Logic 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 Sumo Logic SUMO at this time. Stock is rising and might rise more.

It appears as if Sumo Logic SUMO gave a large move recently.

Stock of Sumo Logic (SUMO) 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!

Although my analysis for Sumo Logic is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 12, for a target of 12 or 12

SUMO Sumo Logic is falling or rising NEWS fundamental reasons

More announcements and NEWS

SUMO Sumo Logic Inc current price & indicator signals

Moving Averages for Sumo Logic Inc

  • 5Day Average: 12.04
  • 12Day Average: 12.03
  • 20Day Average: 12.02
  • 50Day Average: 11.96
  • 100Day Average: 10.98
  • 150Day Average: 9.85
  • 200Day Average: 9.44

SUMO Indicators & signals

Indicator MACD (12,26,9)

12.02, 11.99, 0.05
Indicator MACD is in positive zone

Indicator ADX (14)

0, 87.5, 87.5
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUMO Sumo Logic Inc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
11 Thu May 2023 12.04 12.04 to 12.05 -0.08% 3.09 times
10 Wed May 2023 12.05 12.03 to 12.07 0.17% 1.49 times
09 Tue May 2023 12.03 12.03 to 12.04 0% 1.06 times
08 Mon May 2023 12.03 12.02 to 12.04 -0.08% 1.64 times
05 Fri May 2023 12.04 12.03 to 12.04 0% 1.05 times
04 Thu May 2023 12.04 12.03 to 12.04 0.08% 1.17 times
03 Wed May 2023 12.03 12.03 to 12.04 0.08% 0.7 times
02 Tue May 2023 12.02 12.02 to 12.05 -0.08% 0.8 times
01 Mon May 2023 12.03 12.00 to 12.05 0.25% 1.05 times
28 Fri Apr 2023 12.00 12.00 to 12.02 -0.08% 0.7 times
27 Thu Apr 2023 12.01 12.01 to 12.02 0.08% 0.34 times
26 Wed Apr 2023 12.00 12.00 to 12.02 -0.08% 0.74 times

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