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 JSM
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SLM Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Jul 22, 2024)

Buy candidate since Jul 22, 2024 PDF

The SLM Corporation stock price gained 0.462% on the last trading day (Monday, 22nd Jul 2024), rising from $19.48 to $19.57. During the last trading day the stock fluctuated 0.97% from a day low at $19.46 to a day high of $19.65. The price has risen in 6 of the last 10 days and is up by 1.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $119.83 thousand.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $19.63 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SLM Corporation stock with a 90% probability to be traded between $18.68 and $19.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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JSM Signals & Forecast

Mostly positive signals in the chart today. The SLM Corporation 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 $19.46 and $19.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 3.54%. 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). SLM Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Tuesday, July 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 27, 2023.

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

The stock had a Golden Star Signal on Tuesday, July 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 27, 2023.

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 Tuesday, July 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 27, 2023.

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.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -3.18% to $18.95 within 21 trading days (Monday, July 08, 2024) since signal was issued.

Support, Risk & Stop-loss for SLM Corporation stock

SLM Corporation finds support from accumulated volume at $19.30 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 $0.188 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.87%.

The SLM Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $18.93 (-3.26%) (This stock has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 56 days ago.)

Trading Expectations (JSM) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect SLM Corporation to open at $19.56, and during the day (based on 14 day Average True Range), to move between $19.34 and $19.80, which gives a possible trading interval of +/-$0.226 (+/-1.15%) up or down from last closing price. If SLM Corporation takes out the full calculated possible swing range there will be an estimated 2.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.63 (0.32%) than the support at $19.30 (1.38%), 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 SLM Corporation stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SLM Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.250 Buy Candidate Upgraded

Predicted Opening Price for SLM Corporation of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$19.56 ( 0.0545%) $19.57

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

Trading levels for JSM

Fibonacci Support & Resistance Levels

Level Price
R3 19.75 0.91%
R2 19.68 0.539%
R1 19.63 0.312%
Price 19.57
S1 19.49 -0.421%
S2 19.44 -0.648%
S3 19.37 -1.02%

Accumulated Volume Support & Resistance Levels

Level Price
R3 19.78 1.07%
R2 19.64 0.358%
R1 19.63 0.325%
Price 19.57
S1 19.30 -1.38%
S2 19.25 -1.64%
S3 19.20 -1.89%

JSM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 13, 2024 Sep 13, 2024 Sep 16, 2024 $0.375 1.92%
2 Jun 14, 2024 Jun 14, 2024 Jun 17, 2024 $0.375 1.97%
3 Jan 11, 2024 Mar 13, 2024 Mar 15, 2024 $0.375 1.78%
4 Sep 28, 2023 Dec 13, 2023 Dec 15, 2023 $0.375 1.93%
5 Aug 05, 2023 Sep 13, 2023 Sep 15, 2023 $0.375 2.07%

FAQ

What is the symbol for SLM Corporation Stock and on which exchange is it traded?
The symbol for SLM Corporation is JSM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SLM Corporation Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SLM Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of SLM Corporation Stock?
As of the end of day on the Jul 22, 2024, the price of an SLM Corporation (JSM) share was $19.57.

What is the 52-week high and low for SLM Corporation Stock?
The 52-week high for SLM Corporation Stock is $21.81 and the 52-week low is $16.06.

What is the market capitalization of SLM Corporation Stock?
As of the Jul 22, 2024, the market capitalization of SLM Corporation is 5.364B.
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