Londinia Opportunities Analyses - 11/19/2024 (GMT) THE SIMPLY GOOD FOODS CO. - Daily

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	SMPL
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 37.20 USD

My targets

38.50 USD (+1.88%)

39.84 USD (+5.42%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on THE SIMPLY GOOD FOODS CO. as long as the price remains well above 37.20 USD. The buyers' bullish objective is set at 38.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.84 USD. If there is any crossing, the next objective would be the resistance located at 42.69 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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Additional analysis

Quotes

The THE SIMPLY GOOD FOODS CO. rating is 37.79 USD. On the day, this instrument gained +0.03% and was traded between 36.65 USD and 37.99 USD over the period. The price is currently at +3.11% from its lowest and -0.53% from its highest.

36.65

37.99

37.79

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Journalier of this THE SIMPLY GOOD FOODS CO. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	33.81	35.75	37.20	37.79	38.50	39.84	42.69
Change (%)	-10.53%	-5.40%	-1.56%	-	+1.88%	+5.42%	+12.97%
Change	-3.98	-2.04	-0.59	-	+0.71	+2.05	+4.90
Level	Major	Intermediate	Intermediate	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.36	36.07	36.92	37.63	38.48	39.19	40.04
Camarilla	37.35	37.49	37.64	37.78	37.92	38.07	38.21
Woodie	35.44	36.11	37.00	37.67	38.56	39.23	40.12
Fibonacci	36.07	36.66	37.03	37.63	38.22	38.59	39.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.35	35.24	35.97	36.86	37.59	38.48	39.21
Camarilla	36.27	36.41	36.56	36.71	36.86	37.01	37.16
Woodie	34.28	35.20	35.90	36.82	37.52	38.44	39.14
Fibonacci	35.24	35.86	36.24	36.86	37.48	37.86	38.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.26	30.68	32.17	33.59	35.08	36.50	37.99
Camarilla	32.86	33.13	33.39	33.66	33.93	34.19	34.46
Woodie	29.30	30.70	32.21	33.61	35.12	36.52	38.03
Fibonacci	30.68	31.79	32.48	33.59	34.70	35.39	36.50

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.82
MACD (12,26,9):	1.0000
Directional Movement:	17.87
AROON (14):	85.72
DEMA (21):	36.92
Parabolic SAR (0,02-0,02-0,2):	36.24
Elder Ray (13):	1.02
Super Trend (3,10):	34.96
Zig ZAG (10):	37.55
VORTEX (21):	1.1500
Stochastique (14,3,5):	82.44
TEMA (21):	37.60
Williams %R (14):	-16.51
Chande Momentum Oscillator (20):	3.46
Repulse (5,40,3):	1.3400
ROCnROLL:	1
TRIX (15,9):	0.3100
Courbe Coppock:	20.42

MA7:	37.06
MA20:	35.24
MA50:	34.40
MA100:	34.12
MAexp7:	36.97
MAexp20:	35.75
MAexp50:	34.75
MAexp100:	34.65
Price / MA7:	+1.97%
Price / MA20:	+7.24%
Price / MA50:	+9.85%
Price / MA100:	+10.76%
Price / MAexp7:	+2.22%
Price / MAexp20:	+5.71%
Price / MAexp50:	+8.75%
Price / MAexp100:	+9.06%

Quotes : - 15 min delayed data - Actions NASDAQ

News

Don't forget to follow the news on THE SIMPLY GOOD FOODS CO.. At the time of publication of this analysis, the latest news was as follows: