Sia Engineering Company Limited Stock Forecast
Evaluation of Sia Engineering Company Limited stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Sia Engineering Company Limited stock price gained 0.433% on the last trading day (Friday, 28th Jun 2024), rising from S$2.31 to S$2.32. During the last trading day the stock fluctuated 0.431% from a day low at S$2.32 to a day high of S$2.33. The price has risen in 5 of the last 10 days but is still down by -0.43% for this period. Volume fell on the last day by -70 thousand shares and in total, 255 thousand shares were bought and sold for approximately S$591.83 thousand. 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 5.64% during the next 3 months and, with a 90% probability hold a price between S$2.42 and S$2.54 at the end of this 3-month period.
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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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at S$2.32 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.
Golden Star
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$0.0100 between high and low, or 0.431%. For the last week the stock has had daily average volatility of 0.779%
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 Monday 1st
For the upcoming trading day on Monday, 1st 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$0.0239 (+/-1.03%) 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 2.06% 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.511 Sell Candidate Downgraded
Predicted Opening Price for Sia Engineering Company Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
S$2.32 ( 0.144%) | S$2.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for S59.SI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.33 | 0.575% |
R2 | 2.33 | 0.410% |
R1 | 2.33 | 0.308% |
Price | 2.32 | |
S1 | 2.32 | -0.0210% |
S2 | 2.32 | -0.123% |
S3 | 2.31 | -0.287% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2.36 | 1.72% |
R2 | 2.34 | 0.86% |
R1 | 2.33 | 0.431% |
Price | 2.32 | |
S1 | 2.31 | -0.431% |
S2 | 2.27 | -2.16% |
S3 | 2.25 | -3.02% |
S59 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 25, 2024 | Jul 25, 2024 | Aug 14, 2024 | S$0.0600 | 2.59% |
2 | Nov 09, 2023 | Nov 09, 2023 | Nov 29, 2023 | S$0.0200 | 0.88% |
3 | Jul 25, 2023 | Jul 25, 2023 | Aug 11, 2023 | S$0.0550 | 2.32% |
4 | Jul 22, 2020 | Jul 22, 2020 | Aug 07, 2020 | S$0.0500 | 2.86% |
5 | Nov 08, 2019 | Nov 08, 2019 | Nov 22, 2019 | S$0.0300 | 1.05% |
FAQ
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