Simulations Plus Stock Forecast
Simulations Plus stock downgraded to Hold/Accumulate
(Updated on Apr 25, 2024)
The Simulations Plus stock price fell by -2.14% on the last day (Thursday, 25th Apr 2024) from $46.65 to $45.65. During the last trading day the stock fluctuated 1.68% from a day low at $45.17 to a day high of $45.93. The price has fallen in 7 of the last 10 days and is down by -4.6% for this period. Volume has increased on the last day by 36 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 138 thousand shares were bought and sold for approximately $6.28 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.48% during the next 3 months and, with a 90% probability hold a price between $47.02 and $60.75 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SLP Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Simulations Plus stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $45.37 and $44.21. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Simulations Plus stock
Simulations Plus finds support from accumulated volume at $44.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.760 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: $43.48 (-4.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (SLP) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Simulations Plus to open at $45.58, and during the day (based on 14 day Average True Range), to move between $43.96 and $47.34, which gives a possible trading interval of +/-$1.69 (+/-3.70%) up or down from last closing price. If Simulations Plus takes out the full calculated possible swing range there will be an estimated 7.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.74 (1.99%) than the resistance at $47.54 (4.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Simulations Plus stock A Buy?
Simulations Plus holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.614 Hold/Accumulate Downgraded
Predicted Opening Price for Simulations Plus of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $45.58 ( 0.146%) | $45.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.34 | 1.52 % | |
| R2 | 46.05 | 0.88 % | ||
| R1 | 45.87 | 0.490 % | ||
| Current price: | 45.65 | |||
| Support | S1 | 45.29 | -0.782 % | |
| S2 | 45.11 | -1.17 % | ||
| S3 | 44.82 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.85 | 4.82 % | |
| R2 | 47.70 | 4.49 % | ||
| R1 | 47.54 | 4.14 % | ||
| Current price | 45.65 | |||
| Support | S1 | 44.74 | -1.99% | |
| S2 | 43.43 | -4.86% | ||
| S3 | 38.46 | -15.75% |
SLP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 26, 2024 | May 06, 2024 | $0.0600 | 0.131% |
| 2 | Jan 03, 2024 | Jan 26, 2024 | Feb 05, 2024 | $0.0600 | 0.160% |
| 3 | Oct 27, 2023 | Oct 27, 2023 | Nov 06, 2023 | $0.0600 | 0.166% |
| 4 | Jul 06, 2023 | Jul 28, 2023 | Aug 07, 2023 | $0.0600 | 0.116% |
| 5 | Apr 05, 2023 | Apr 21, 2023 | May 01, 2023 | $0.0600 | 0.144% |
FAQ
Click here for our free guide on how to buy Simulations Plus Stock.
