Sia Engineering Company Limited Stock Forecast

Green day on Wednesday for Sia Engineering Company Limited stock after gaining 0.433%
(Updated on Jun 26, 2024)

S59.SI Signals & Forecast

There are few to no technical positive signals at the moment. The Sia Engineering Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at S$2.33 and S$2.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -2.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Tuesday, April 09, 2024 in the short-term chart.

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.

Support, Risk & Stop-loss for Sia Engineering Company Limited stock

Sia Engineering Company Limited finds support from accumulated volume at S$2.31 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved S$0.0200 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 1.04%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (S59.SI) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Sia Engineering Company Limited to open at S$2.32, and during the day (based on 14 day Average True Range), to move between S$2.30 and S$2.34, which gives a possible trading interval of +/-S$0.0246 (+/-1.06%) up or down from last closing price. If Sia Engineering Company Limited takes out the full calculated possible swing range there will be an estimated 2.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at S$2.31 (0.43%) than the resistance at S$2.33 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sia Engineering Company Limited stock A Buy?

The Sia Engineering Company Limited stock holds several negative signals and despite the positive trend, we believe Sia Engineering Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.777 Sell Candidate Unchanged

Predicted Opening Price for Sia Engineering Company Limited of Thursday, June 27, 2024

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