Silvercrest Asset Management Group Inc. Stock Forecast
Silvercrest Asset Management Group Inc. stock price up 0.683% on Wednesday
(Updated on May 01, 2024)
The Silvercrest Asset Management Group Inc. stock price gained 0.683% on the last trading day (Wednesday, 1st May 2024), rising from $14.65 to $14.75. During the last trading day the stock fluctuated 2.71% from a day low at $14.60 to a day high of $15.00. The price has risen in 5 of the last 10 days and is up by 3.73% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 9 thousand shares were bought and sold for approximately $130.82 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 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 -12.95% during the next 3 months and, with a 90% probability hold a price between $12.01 and $13.68 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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SAMG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.31%. 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. The Silvercrest Asset Management Group Inc. 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 $14.85 and $14.96. A break-up above any of these levels will issue buy signals. 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 Silvercrest Asset Management Group Inc. stock
Silvercrest Asset Management Group Inc. finds support from accumulated volume at $14.65 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 $0.396 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 3.53%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAMG) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Silvercrest Asset Management Group Inc. to open at $14.78, and during the day (based on 14 day Average True Range), to move between $14.24 and $15.26, which gives a possible trading interval of +/-$0.508 (+/-3.44%) up or down from last closing price. If Silvercrest Asset Management Group Inc. takes out the full calculated possible swing range there will be an estimated 6.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.80 (0.34%) than the support at $14.65 (0.68%), 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.
Earnings coming up
Silvercrest Asset Management Group Inc. will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.400. We will update the financials statements for Silvercrest Asset Management Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.16% in the first trading day after earnings release.
Is Silvercrest Asset Management Group Inc. stock A Buy?
Silvercrest Asset Management Group Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.160 Sell Candidate Unchanged
Predicted Opening Price for Silvercrest Asset Management Group Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $14.78 ( 0.218%) | $14.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAMG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.18 | 2.90 % | |
| R2 | 15.03 | 1.88 % | ||
| R1 | 14.93 | 1.24 % | ||
| Current price: | 14.75 | |||
| Support | S1 | 14.63 | -0.81 % | |
| S2 | 14.54 | -1.44 % | ||
| S3 | 14.39 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.12 | 9.29 % | |
| R2 | 14.81 | 0.407 % | ||
| R1 | 14.80 | 0.339 % | ||
| Current price | 14.75 | |||
| Support | S1 | 14.65 | -0.678% | |
| S2 | 14.43 | -2.20% | ||
| S3 | 14.22 | -3.59% |
SAMG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 07, 2024 | $0 | 0% |
| 2 | Oct 31, 2023 | Dec 07, 2023 | Dec 15, 2023 | $0.190 | 1.16% |
| 3 | Jul 26, 2023 | Sep 07, 2023 | Sep 15, 2023 | $0.190 | 1.07% |
| 4 | May 02, 2023 | Jun 08, 2023 | Sep 15, 2023 | $0.180 | 1.01% |
| 5 | Feb 14, 2023 | Mar 09, 2023 | Mar 17, 2023 | $0.180 | 1.10% |
FAQ
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