Summary
SITE has broken above a key resistance level at $126.00, currently trading at $144.71 (14.8% beyond the level). This technical breakout signals buying pressure and suggests potential upward momentum. The RSI at 71.5 indicates overbought conditions, suggesting caution despite the breakout. This is a 100-day trendline break, which is more significant than shorter-term breaks as it indicates a potential shift in the longer-term trend direction.
Technical Chart
Breakout Analysis
When a stock breaks through an established resistance level with conviction, it often signals that the previous price barrier has been overcome. The 14.8% move beyond the resistance level indicates strong buying pressure.
Key Levels to Watch
| Breakout Level | $126.00 |
| Current Price | $144.71 |
| Break Distance | 14.8% |
Investment Advisor Score
60.0/100
HOLDOur AI-powered investment scoring system analyzes multiple factors including fundamentals, technicals, and market sentiment to generate this score.
Company Overview
SiteOne Landscape Supply, Inc.
SiteOne Landscape Supply Inc is a supplier of tools and equipment. The company serves various businesses which include wholesale irrigation, outdoor lighting, nursery, landscape supplies, grass seeds, and fertilizers, turf protection products, turf care equipment, and golf course accessories for green industry professionals mainly in the United States and Canada. Its product portfolio includes irrigation supplies, fertilizer and herbicides, landscape accessories, nursery goods, natural stones and blocks, outdoor lighting and ice melt products and other products..
Why This Matters
This technical breakout in SITE suggests that institutional investors are repositioning based on their analysis of the company's prospects. When stocks break through established technical levels, it often indicates a shift in market sentiment that can drive sustained price movement.
While the 3.0% profit margin is modest, it demonstrates the company is generating positive earnings. Traders should watch for margin expansion as a catalyst that could extend this move.
Financial Health (SEC Data)
Based on the latest SEC filings, here's an analysis of SITE's financial position:
Profitability Analysis
| Revenue | $4.67B |
| Net Income | $139.70M |
| Profit Margin | 3.0% |
The 3.0% profit margin indicates modest profitability. The company is generating positive earnings but margins are relatively thin.
Options Market Insight
| Unusual Activity Score | 5.3 |
Technical Indicators
| RSI (14) | 71.5 |
| MACD Signal | Bullish |
| 50-Day SMA | $128.86 |
| 200-Day SMA | $127.96 |
| Price vs MAs | Above both (Bullish) |
Next Levels to Watch
| 50-Day SMA | $128.86 |
| 200-Day SMA | $127.96 |
Trading Considerations
- Confirmation: Watch for sustained price action above $126.00
- Volume: Look for volume confirmation on continued moves
- Role Reversal: Broken level at $126.00 may now act as support
- Risk Management: Always use stop-loss orders
Conclusion
SITE's break above the $126.00 resistance level represents a significant technical development. Traders should monitor price action and volume for confirmation of this bullish signal.
Related Analysis for SITE
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Past performance does not guarantee future results. Always do your own research and consider your risk tolerance before making trading decisions.