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Sally Beauty Holdings Inc Stock Forecast NYSE:SBH

$20.54 (1.53%)

Volume: 950k

Closed: Dec 07, 2021

Hollow Logo Score: 2.487

Sally Beauty Holdings Inc Stock Forecast

$20.54 (1.53%)

Volume: 950k

Closed: Dec 07, 2021

Score Hollow Logo 2.487
Which way will SBH go? Request
Stop-loss: $19.60 (-4.60%)
Key Stats
P/E Ratio 4.77
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 49 and the stock is currently not being overbought or oversold

Sally Beauty Holdings Inc stock price up 1.53% on Tuesday
(Updated on Dec 07, 2021)


Buy or Hold candidate since 2021-11-05 Gain 11.51%

The Sally Beauty Holdings Inc stock price gained 1.53% on the last trading day (Tuesday, 7th Dec 2021), rising from $20.23 to $20.54. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.96% from a day low at $20.42 to a day high of $21.02. The price has fallen in 6 of the last 10 days and is down by -5.39% for this period. Volume fell on the last day by -91 thousand shares and in total, 950 thousand shares were bought and sold for approximately $19.51 million. 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 very wide and strong 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 24.34% during the next 3 months and, with a 90% probability hold a price between $21.22 and $27.86 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, November 22, 2021, and so far it has fallen -5.39%. 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). The Sally Beauty Holdings Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.75 and $18.50. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $18.14 and $16.91. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sally Beauty Holdings Inc finds support just below today's level at $18.14. If this is broken, then the next support from accumulated volume will be at $16.91 and $16.85.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.61 between high and low, or 2.96%. For the last week, the stock has had a daily average volatility of 5.47%.

Our recommended stop-loss: $19.60 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Is Sally Beauty Holdings Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sally Beauty Holdings Inc stock to perform well in the short-term.

Current score: 2.487

Predicted Opening Price for Sally Beauty Holdings Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$20.66 $20.54 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 15, 2021 "Morgan Stanley" gave "$22.00 - $23.00" rating for SBH. The price target was changed from $20.34 to 0.6%.

Volatility and Risk
Daily Average Volatility: 5.47 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.47 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $20.73
Price: $20.54
Support: $18.14

SBH Insider Trading Show all Trades

INSIDER POWER

3.129

Last 100 transactions
Buy: 807 210 | Sell: 257 983 (Shares)
Date Action Amount Person Type
Dec 07, 2021 Sell 2 500 Mulder Susan R Common Stock
Nov 26, 2021 Sell 5 000 Mulder Susan R Common Stock
Nov 23, 2021 Sell 1 634 Platz Marlo Michelle Cormier Restricted stock units
Nov 23, 2021 Sell 398 Platz Marlo Michelle Cormier Common Stock
Nov 23, 2021 Buy 1 634 Platz Marlo Michelle Cormier Common Stock
Show all Insider Trades
INSIDER POWER

3.129

Last 100 transactions
Buy: 807 210 | Sell: 257 983 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 21.26 3.52 %
21.03 2.40 %
20.89 1.70 %
Current price: 20.54
Support 20.43 -0.55 %
20.28 -1.24 %
20.05 -2.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 21.71 5.70 %
21.16 3.02 %
20.73 0.93 %
Current price 20.54
Support 18.14 -11.68%
16.91 -17.67%
16.85 -17.96%

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About Sally Beauty Holdings Inc

Sally Beauty Holdings, Inc., together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies primarily in North America, South America, and Europe. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers professional beauty supplies, including hair color and care, skin and nail care, beauty sundries, and electrical appliances f... Read more

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