SentinelOne, Inc. Stock Forecast
Weaker technical forecast for SentinelOne, Inc. as stock downgraded to Hold/Accumulate.
(Updated on May 16, 2024)
The SentinelOne, Inc. stock price fell by -0.628% on the last day (Thursday, 16th May 2024) from $22.31 to $22.17. During the last trading day the stock fluctuated 1.65% from a day low at $22.16 to a day high of $22.53. The price has been going up and down for this period, and there has been a 3.12% gain for the last 2 weeks. Volume has increased on the last day by 61 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $64.85 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.43 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.96% during the next 3 months and, with a 90% probability hold a price between $13.30 and $16.83 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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S Signals & Forecast
The SentinelOne, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.56 and $21.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.57%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for SentinelOne, Inc. stock
SentinelOne, Inc. finds support from accumulated volume at $22.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.365 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: $21.14 (-4.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (S) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect SentinelOne, Inc. to open at $22.29, and during the day (based on 14 day Average True Range), to move between $21.45 and $22.89, which gives a possible trading interval of +/-$0.720 (+/-3.25%) up or down from last closing price. If SentinelOne, Inc. takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.09 (0.36%) than the resistance at $23.29 (5.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SentinelOne, Inc. stock A Buy?
SentinelOne, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.798 Hold/Accumulate Downgraded
Predicted Opening Price for SentinelOne, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $22.29 ( 0.519%) | $22.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for S
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.65 | 2.17 % | |
| R2 | 22.51 | 1.54 % | ||
| R1 | 22.42 | 1.15 % | ||
| Current price: | 22.17 | |||
| Support | S1 | 22.15 | -0.110 % | |
| S2 | 22.06 | -0.499 % | ||
| S3 | 21.92 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.60 | 15.47 % | |
| R2 | 23.31 | 5.14 % | ||
| R1 | 23.29 | 5.05 % | ||
| Current price | 22.17 | |||
| Support | S1 | 22.09 | -0.361% | |
| S2 | 20.67 | -6.77% | ||
| S3 | 20.05 | -9.56% |
S Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 05, 2007 | Dec 05, 2007 | Dec 05, 2007 | $0.0250 | 0% |
| 2 | Sep 05, 2007 | Sep 05, 2007 | Sep 05, 2007 | $0.0250 | 0% |
| 3 | Jun 06, 2007 | Jun 06, 2007 | Jun 06, 2007 | $0.0250 | 0% |
| 4 | Mar 07, 2007 | Mar 07, 2007 | Mar 07, 2007 | $0.0250 | 0% |
| 5 | Dec 06, 2006 | Dec 06, 2006 | Dec 06, 2006 | $0.0250 | 0% |
FAQ
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