RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SIG
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Green day on Wednesday for Signet Jewelers stock after gaining 1.35%
(Updated on Mar 27, 2024)

Sell candidate since Mar 20, 2024 Gain 10.38% PDF

The Signet Jewelers stock price gained 1.35% on the last trading day (Wednesday, 27th Mar 2024), rising from $98.11 to $99.43. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.66% from a day low at $97.35 to a day high of $99.94. The price has risen in 7 of the last 10 days and is up by 0.47% over the past 2 weeks. Volume fell on the last day by -44 thousand shares and in total, 672 thousand shares were bought and sold for approximately $66.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.31% during the next 3 months and, with a 90% probability hold a price between $86.79 and $102.42 at the end of this 3-month period.

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SIG Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 10.48%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Signet Jewelers stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $100.38. On a fall, the stock will find some support from the short-term average at $95.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The stock had a Golden Star Signal on Monday, May 15, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, May 15, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Signet Jewelers stock

Signet Jewelers finds support from accumulated volume at $95.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.59 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 3.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SIG) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Signet Jewelers Limited to open at $98.91, and during the day (based on 14 day Average True Range), to move between $95.53 and $103.33, which gives a possible trading interval of +/-$3.90 (+/-3.93%) up or down from last closing price. If Signet Jewelers Limited takes out the full calculated possible swing range there will be an estimated 7.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $99.78 (0.35%) than the support at $95.12 (4.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Signet Jewelers Limited stock A Buy?

Signet Jewelers holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.783 Sell Candidate Unchanged

Predicted Opening Price for Signet Jewelers Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$98.91 ( 0.526%) $99.43

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SIG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 101.50 2.08 %
R2 100.51 1.08 %
R1 99.90 0.469 %
Current price: 99.43
Support S1 97.92 -1.52 %
S2 97.31 -2.14 %
S3 96.32 -3.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 103.99 4.59 %
R2 102.46 3.05 %
R1 99.78 0.352 %
Current price 99.43
Support S1 95.12 -4.33%
S2 90.08 -9.40%
S3 90.00 -9.48%

SIG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Apr 25, 2024 May 24, 2024 $0.290 0.292%
2 Jan 25, 2024 Jan 25, 2024 Feb 23, 2024 $0.230 0.216%
3 Aug 31, 2023 Oct 26, 2023 Nov 24, 2023 $0.230 0.289%
4 Jun 08, 2023 Jul 27, 2023 Aug 25, 2023 $0.230 0.338%
5 Mar 16, 2023 Apr 27, 2023 May 26, 2023 $0.230 0.332%

FAQ

What is the symbol for Signet Jewelers Stock and on which exchange is it traded?
The symbol for Signet Jewelers is SIG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Signet Jewelers Stock?
Signet Jewelers holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Signet Jewelers Stock?
Signet Jewelers Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Signet Jewelers Stock.

What's the current price of Signet Jewelers Stock?
As of the end of day on the 2024-03-27, the price of an Signet Jewelers (SIG) share was $99.43.

What is the 52-week high and low for Signet Jewelers Stock?
The 52-week high for Signet Jewelers Stock is $108.79 and the 52-week low is $57.10.

What is the market capitalization of Signet Jewelers Stock?
As of the 2024-03-27, the market capitalization of Signet Jewelers is 4.425B.

When is the next earnings date for Signet Jewelers?
The upcoming earnings date for Signet Jewelers is Jun 13, 2024.
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About Signet Jewelers Limited

Signet Jewelers Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen... SIG Profile

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