SEACOR Marine Holdings Inc Stock Forecast
Stronger technical forecast for SEACOR Marine Holdings Inc stock price after Thursday trading.
(Updated on May 16, 2024)
The SEACOR Marine Holdings Inc stock price gained 0.83% on the last trading day (Thursday, 16th May 2024), rising from $13.27 to $13.38. It has now gained 3 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 1.93% from a day low at $13.21 to a day high of $13.46. The price has risen in 6 of the last 10 days and is up by 6.78% over the past 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 108 thousand shares were bought and sold for approximately $1.44 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 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 10.29% during the next 3 months and, with a 90% probability hold a price between $12.94 and $16.79 at the end of this 3-month period.
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SMHI Signals & Forecast
The SEACOR Marine Holdings Inc 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 $13.14 and $13.03. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -7.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for SEACOR Marine Holdings Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.53 and $12.49. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SEACOR Marine Holdings Inc finds support just below today's level at $12.53. If this is broken, then the next support from accumulated volume will be at $12.49 and $12.11.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.255 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 3.41%.
Our recommended stop-loss: $12.72 (-4.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (SMHI) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect SEACOR Marine Holdings Inc to open at $13.35, and during the day (based on 14 day Average True Range), to move between $12.81 and $13.95, which gives a possible trading interval of +/-$0.569 (+/-4.26%) up or down from last closing price. If SEACOR Marine Holdings Inc takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.64 (1.94%) than the support at $12.53 (6.35%), 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 SEACOR Marine Holdings Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SEACOR Marine Holdings Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.139 Buy Candidate Upgraded
Predicted Opening Price for SEACOR Marine Holdings Inc of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $13.35 ( 0.237%) | $13.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.60 | 1.67 % | |
| R2 | 13.51 | 0.94 % | ||
| R1 | 13.45 | 0.491 % | ||
| Current price: | 13.38 | |||
| Support | S1 | 13.25 | -0.96 % | |
| S2 | 13.19 | -1.41 % | ||
| S3 | 13.09 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.41 | 7.70 % | |
| R2 | 13.94 | 4.19 % | ||
| R1 | 13.64 | 1.94 % | ||
| Current price | 13.38 | |||
| Support | S1 | 12.53 | -6.35% | |
| S2 | 12.49 | -6.65% | ||
| S3 | 12.11 | -9.49% |
FAQ
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