Lumber is currently on bearish momentum. At 19:04 EST on Tuesday, 20 April, Lumber is at $1,151.90 and 4% down since the last session’s close.
About Lumber’s daily highs and lows, it’s 10.532% down from its trailing 24 hours low of $1,287.50 and 13.176% down from its trailing 24 hours high of $1,326.70.
Lumber’s last week, last month’s, and last quarter’s current volatility was a positive 0.89%, a negative 4.72%, and a positive 7.62%, respectively.
Lumber’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.97% (last week), 6.96% (last month), and 7.62% (last quarter), respectively.
Commodity Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Lumber’s commodity is considered to be oversold (<=20).
Last news about Lumber
Lumber prices soar, but logs are still dirt cheap. According to Bloomberg Quint on Tuesday, 20 April, "If you can source the lumber, you’re making a whole bunch of money right now," Stinson Dean, chief executive officer of Deacon Lumber Co., said in an interview on Bloomberg Television last week."
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