SNC-Lavalin Group Inc. Stock Forecast
SNC-Lavalin Group Inc. stock downgraded to Sell Candidate
(Updated on May 07, 2024)
The SNC-Lavalin Group Inc. stock price fell by -2.72% on the last day (Tuesday, 7th May 2024) from $56.61 to $55.07. During the last trading day the stock fluctuated 2.95% from a day low at $54.84 to a day high of $56.46. The price has been going up and down for this period, and there has been a -1.66% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -195 thousand shares and in total, 304 thousand shares were bought and sold for approximately $16.72 million.
The stock lies in the middle of a 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 20.10% during the next 3 months and, with a 90% probability hold a price between $62.49 and $70.35 at the end of this 3-month period.
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ATRL.TO Signals & Forecast
The SNC-Lavalin Group Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $54.31 and $54.88. 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 Monday, May 06, 2024, and so far it has fallen -2.72%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SNC-Lavalin Group Inc. stock
SNC-Lavalin Group Inc. finds support from accumulated volume at $53.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.62 between high and low, or 2.95%. For the last week the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATRL.TO) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect SNC-Lavalin Group Inc. to open at $55.46, and during the day (based on 14 day Average True Range), to move between $53.73 and $56.41, which gives a possible trading interval of +/-$1.34 (+/-2.43%) up or down from last closing price. If SNC-Lavalin Group Inc. takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $55.62 (1.00%) than the support at $53.56 (2.74%), 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.
Earnings coming up
SNC-Lavalin Group Inc. will release earnings BMO on Wednesday, May 15, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for SNC-Lavalin Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.74% in the first trading day after earnings release.
Is SNC-Lavalin Group Inc. stock A Buy?
SNC-Lavalin Group Inc. 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. 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 Sell candidate.
Current score: -1.106 Sell Candidate Downgraded
Predicted Opening Price for SNC-Lavalin Group Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $55.46 ( 0.702%) | $55.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATRL.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.08 | 3.64 % | |
| R2 | 56.46 | 2.52 % | ||
| R1 | 56.08 | 1.83 % | ||
| Current price: | 55.07 | |||
| Support | S1 | 54.84 | -0.422 % | |
| S2 | 54.46 | -1.12 % | ||
| S3 | 53.84 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.18 | 2.02 % | |
| R2 | 56.04 | 1.76 % | ||
| R1 | 55.62 | 1.00 % | ||
| Current price | 55.07 | |||
| Support | S1 | 53.56 | -2.74% | |
| S2 | 53.26 | -3.29% | ||
| S3 | 51.08 | -7.25% |
ATRL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0 | 0% |
| 2 | Nov 23, 2023 | Nov 23, 2023 | Dec 08, 2023 | $0.0200 | 0.0485% |
| 3 | Aug 16, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.0200 | 0.0454% |
| 4 | May 19, 2023 | May 19, 2023 | May 19, 2023 | $0.0200 | 0.0598% |
| 5 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | $0.0200 | 0.0626% |
FAQ
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