SLM Corporation Stock Forecast
Green day on Tuesday for SLM Corporation stock after gaining 0.527%
(Updated on Jul 02, 2024)
The SLM Corporation stock price gained 0.527% on the last trading day (Tuesday, 2nd Jul 2024), rising from $18.99 to $19.09. During the last trading day the stock fluctuated 0.84% from a day low at $18.94 to a day high of $19.10. The price has been going up and down for this period, and there has been a 0.21% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately $508.37 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.36% during the next 3 months and, with a 90% probability hold a price between $17.28 and $19.32 at the end of this 3-month period.
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JSM Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.03%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SLM Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.18. On a fall, the stock will find some support from the short-term average at $19.01. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SLM Corporation stock
SLM Corporation finds support from accumulated volume at $19.03 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 $0.160 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 0.86%.
Our recommended stop-loss: $18.14 (-4.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (JSM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SLM Corporation to open at $19.04, and during the day (based on 14 day Average True Range), to move between $18.81 and $19.37, which gives a possible trading interval of +/-$0.279 (+/-1.46%) up or down from last closing price. If SLM Corporation takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.11 (0.10%) than the support at $19.03 (0.31%), 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?
SLM Corporation 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.
Current score: -0.366 Hold/Accumulate Unchanged
Predicted Opening Price for SLM Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$19.04 ( 0.244%) | $19.09 |
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 | 19.20 | 0.594% |
R2 | 19.14 | 0.274% |
R1 | 19.10 | 0.0757% |
Price | 19.09 | |
S1 | 18.98 | -0.565% |
S2 | 18.94 | -0.762% |
S3 | 18.88 | -1.08% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.52 | 2.25% |
R2 | 19.25 | 0.84% |
R1 | 19.11 | 0.105% |
Price | 19.09 | |
S1 | 19.03 | -0.314% |
S2 | 18.82 | -1.41% |
S3 | 18.80 | -1.52% |
JSM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 17, 2024 | $0.375 | 1.97% |
2 | Jan 11, 2024 | Mar 13, 2024 | Mar 15, 2024 | $0.375 | 1.78% |
3 | Sep 28, 2023 | Dec 13, 2023 | Dec 15, 2023 | $0.375 | 1.93% |
4 | Aug 05, 2023 | Sep 13, 2023 | Sep 15, 2023 | $0.375 | 2.07% |
5 | Aug 05, 2023 | Jun 13, 2023 | Jun 15, 2023 | $0.375 | 1.97% |
FAQ
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