Samudera Shipping Line Ltd Stock Forecast
Samudera Shipping Line Ltd stock price up 0.97% on Wednesday
(Updated on Jul 03, 2024)
The Samudera Shipping Line Ltd stock price gained 0.97% on the last trading day (Wednesday, 3rd Jul 2024), rising from S$1.03 to S$1.04. During the last trading day the stock fluctuated 2.94% from a day low at S$1.02 to a day high of S$1.05. The price has risen in 4 of the last 10 days and is up by 4% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 987 thousand shares were bought and sold for approximately S$1.03 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 weak 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 5.68% during the next 3 months and, with a 90% probability hold a price between S$1.05 and S$1.14 at the end of this 3-month period.
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S56.SI Signals & Forecast
The Samudera Shipping Line Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately S$1.04. On a fall, the stock will find some support from the long-term average at approximately S$1.01. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, June 27, 2024, and so far it has fallen -1.89%. 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 Samudera Shipping Line Ltd stock
Samudera Shipping Line Ltd finds support from accumulated volume at S$1.03 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved S$0.0300 between high and low, or 2.94%. For the last week the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: S$1.00 (-3.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (S56.SI) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Samudera Shipping Line Ltd to open at S$1.04, and during the day (based on 14 day Average True Range), to move between S$1.01 and S$1.07, which gives a possible trading interval of +/-S$0.0304 (+/-2.92%) up or down from last closing price. If Samudera Shipping Line Ltd takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$1.05 (0.96%) than the support at S$1.03 (0.96%), 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 Samudera Shipping Line Ltd 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 Samudera Shipping Line Ltd stock to perform well in the short-term.
Current score: 2.026 Buy Candidate Unchanged
Predicted Opening Price for Samudera Shipping Line Ltd of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
S$1.04 ( 0.321%) | S$1.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for S56.SI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.07 | 2.56% |
R2 | 1.06 | 1.46% |
R1 | 1.05 | 0.781% |
Price | 1.04 | |
S1 | 1.03 | -1.42% |
S2 | 1.02 | -2.10% |
S3 | 1.01 | -3.21% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 1.06 | 1.92% |
R1 | 1.05 | 0.96% |
Price | 1.04 | |
S1 | 1.03 | -0.96% |
S2 | 1.01 | -2.88% |
S3 | 1.00 | -3.85% |
S56 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 07, 2024 | May 15, 2024 | S$0.0800 | 8.74% |
2 | Aug 10, 2023 | Aug 10, 2023 | Aug 18, 2023 | S$0.0200 | 2.78% |
3 | May 09, 2023 | May 09, 2023 | May 18, 2023 | S$0.243 | 26.65% |
4 | Aug 10, 2022 | Aug 10, 2022 | Aug 18, 2022 | S$0.0700 | 7.14% |
5 | May 10, 2022 | May 10, 2022 | May 20, 2022 | S$0.128 | 17.35% |
FAQ
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