Sensata Technologies Holding NV Stock Forecast

Sensata Technologies Holding NV stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)

ST Signals & Forecast

Mostly positive signals in the chart today. The Sensata Technologies Holding NV 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 $37.41 and $35.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 19.68%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-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 Sensata Technologies Holding NV stock

Sensata Technologies Holding NV finds support from accumulated volume at $38.99 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 $1.05 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 4.86%.

The Sensata Technologies Holding NV stock is extremely overbought on RSI14 (92). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Sensata Technologies Holding NV has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $38.80 (-3.16%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (ST) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Sensata Technologies Holding NV to open at $39.88, and during the day (based on 14 day Average True Range), to move between $38.82 and $41.32, which gives a possible trading interval of +/-$1.25 (+/-3.13%) up or down from last closing price. If Sensata Technologies Holding NV takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $38.99, some $1.08 (2.70%) from the current price of $40.07, our system finds the risk reward attractive.

Is Sensata Technologies Holding NV stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Sensata Technologies Holding NV stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.618 Buy Candidate Downgraded

Predicted Opening Price for Sensata Technologies Holding NV of Monday, May 6, 2024

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