14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SBH
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Sally Beauty Holdings Inc stock price down 3.71% on Friday
(Updated on Jun 14, 2024)

Sell candidate since Jun 13, 2024 Loss -3.71% PDF

The Sally Beauty Holdings Inc stock price fell by -3.71% on the last day (Friday, 14th Jun 2024) from $10.78 to $10.38. During the last trading day the stock fluctuated 3.73% from a day low at $10.32 to a day high of $10.71. The price has fallen in 6 of the last 10 days and is down by -14.78% for this period. Volume has increased on the last day by 139 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, 1 million shares were bought and sold for approximately $15.01 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.07 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.91% during the next 3 months and, with a 90% probability hold a price between $9.77 and $12.07 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SBH Signals & Forecast

There are few to no technical positive signals at the moment. The Sally Beauty Holdings Inc 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 $11.18 and $11.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -16.89%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Sally Beauty Holdings Inc stock

Sally Beauty Holdings Inc finds support from accumulated volume at $10.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.385 between high and low, or 3.73%. For the last week, the stock has had daily average volatility of 4.12%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SBH) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Sally Beauty Holdings Inc to open at $10.47, and during the day (based on 14 day Average True Range), to move between $9.92 and $10.84, which gives a possible trading interval of +/-$0.457 (+/-4.40%) up or down from last closing price. If Sally Beauty Holdings Inc takes out the full calculated possible swing range there will be an estimated 8.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.35 (0.29%) than the resistance at $10.92 (5.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sally Beauty Holdings Inc stock A Buy?

Sally Beauty Holdings 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: -4.239 Sell Candidate Unchanged

Predicted Opening Price for Sally Beauty Holdings Inc of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$10.47 ( 0.85%) $10.38

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

Trading levels for SBH

Fibonacci Support & Resistance Levels

Level Price
R3 10.85 4.56%
R2 10.71 3.14%
R1 10.62 2.27%
Price 10.38
S1 10.32 -0.566%
S2 10.23 -1.44%
S3 10.08 -2.86%

Accumulated Volume Support & Resistance Levels

Level Price
R3 11.85 14.16%
R2 11.20 7.90%
R1 10.92 5.20%
Price 10.38
S1 10.35 -0.289%
S2 10.34 -0.385%
S3 10.31 -0.674%

FAQ

What is the symbol for Sally Beauty Holdings Inc Stock and on which exchange is it traded?
The symbol for Sally Beauty Holdings Inc is SBH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sally Beauty Holdings Inc Stock?
Sally Beauty Holdings 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.

How to buy Sally Beauty Holdings Inc Stock?
Sally Beauty Holdings Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sally Beauty Holdings Inc Stock.

What's the current price of Sally Beauty Holdings Inc Stock?
As of the end of day on the Jun 14, 2024, the price of an Sally Beauty Holdings Inc (SBH) share was $10.38.

What is the 52-week high and low for Sally Beauty Holdings Inc Stock?
The 52-week high for Sally Beauty Holdings Inc Stock is $13.91 and the 52-week low is $7.21.

What is the market capitalization of Sally Beauty Holdings Inc Stock?
As of the Jun 14, 2024, the market capitalization of Sally Beauty Holdings Inc is 1.074B.

When is the next earnings date for Sally Beauty Holdings Inc?
The upcoming earnings date for Sally Beauty Holdings Inc is Aug 01, 2024.
Click to get the best stock tips daily for free!

About Sally Beauty Holdings Inc

Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals. This segment also provides pro... SBH Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT