Sanford Limited Stock Forecast
Sanford Limited stock price up 0.501% on Thursday
(Updated on Jun 27, 2024)
The Sanford Limited stock price gained 0.501% on the last trading day (Thursday, 27th Jun 2024), rising from $3.99 to $4.01. During the last trading day the stock fluctuated 0.500% from a day low at $4.00 to a day high of $4.02. The price has fallen in 5 of the last 10 days and is down by -1.47% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately $267.22 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sanford Limited stock with a 90% probability to be traded between $3.96 and $4.24 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SAN.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.501%. 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). Sanford Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sanford 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 $4.04 and $4.02. A break-up above any of these levels will issue buy signals. The stock had a Golden Star Signal on Tuesday, June 11, 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, June 11, 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 Sanford Limited stock
Sanford Limited finds support from accumulated volume at $4.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0200 between high and low, or 0.500%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: $3.78 (-5.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (SAN.NZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sanford Limited to open at $4.01, and during the day (based on 14 day Average True Range), to move between $3.94 and $4.08, which gives a possible trading interval of +/-$0.0656 (+/-1.64%) up or down from last closing price. If Sanford Limited takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.02 (0.25%) than the support at $4.00 (0.25%), 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 Sanford Limited stock A Buy?
Sanford Limited 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.
Current score: 0.719 Hold/Accumulate Unchanged
Predicted Opening Price for Sanford Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $4.01 ( 0%) | $4.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAN.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.03 | 0.499% |
| R2 | 4.02 | 0.308% |
| R1 | 4.02 | 0.191% |
| Price | 4.01 | |
| S1 | 4.00 | -0.191% |
| S2 | 4.00 | -0.308% |
| S3 | 3.99 | -0.499% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.04 | 0.748% |
| R2 | 4.03 | 0.499% |
| R1 | 4.02 | 0.249% |
| Price | 4.01 | |
| S1 | 4.00 | -0.249% |
| S2 | 3.99 | -0.499% |
| S3 | 3.95 | -1.50% |
SAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 18, 2024 | $0.0588 | 1.45% |
| 2 | Nov 28, 2023 | Nov 28, 2023 | Dec 06, 2023 | $0.0600 | 1.58% |
| 3 | May 31, 2023 | May 31, 2023 | May 31, 2023 | $0.0600 | 1.45% |
| 4 | Dec 01, 2022 | Dec 01, 2022 | Dec 01, 2022 | $0.100 | 2.27% |
| 5 | Jun 11, 2020 | Jun 11, 2020 | Jun 11, 2020 | $0.0500 | 0.737% |
FAQ
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