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Construction Partners said The Scruggs Company has officially opened its new Atkinson Asphalt Plant in Southeast Georgia.
The plant is located near the Port of Brunswick. The company said the facility expands its ability to serve customers across East Georgia.
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ROAD is trading well below its MA-20 ($116.42), MA-50 ($119.14), and MA-200 ($117.57), indicating persistent selling pressure across short-, medium-, and long-term timeframes. The Ichimoku Kijun sits at $116.46, acting as immediate resistance above the current price of $107.93. Near-term support is seen at the MA-200 ($117.57), with key support at MA-100 ($120.27). Resistance levels cluster at the Ichimoku Kijun ($116.46) as near-term resistance and the MA-50 ($119.14) as key resistance.
Momentum signals remain weak, with MACD on D1 showing neutral momentum and ADX signaling a lack of trend strength. Oscillators point to oversold conditions: RSI sits at 38.88, CCI at -82.52, and Stoch RSI is at 0, all highlighting the potential for short-term exhaustion among sellers. BBP is deeply negative at -5.41, confirming continued seller dominance today. Over the past week, ROAD has risen just $0.01 (0.01%) from the previous weekly close of $107.92, and the price now trades in the lower part of the weekly range, which has been notably volatile with an amplitude of 17.26%. The week has been marked by a steady drift down from weekly highs, reflecting persistent bearish pressure.
For the coming week, ROAD is expected to trade between $104.50 and $112.50, bracketing the current price and staying within the typical volatility seen for the stock, while remaining well above the 52-week low ($93.22) but far from the 52-week high ($151.00). Based on current D1 and W1 indicators, the probability of a price increase is very low (less than 20%), making a further decline the more likely short-term scenario. The baseline scenario sees ROAD oscillating sideways within the projected range. A bullish scenario would require a sustained break above resistance at $116.46, while a bearish move could take the price below the $104.50 support zone.
Earlier, analysts noted that Construction Partners faced sustained bearish momentum, with seller dominance suggesting further downside. In light of ongoing volatility, traders should closely monitor for any signs of a reversal in sentiment, as a shift could quickly redefine the prevailing scenario.