St Barbara Limited Stock Forecast
St Barbara Limited stock downgraded to Strong Sell Candidate
(Updated on Jun 24, 2024)
The St Barbara Limited stock price fell by -4.76% on the last day (Monday, 24th Jun 2024) from $0.210 to $0.200. During the last trading day the stock fluctuated 6.77% from a day low at $0.192 to a day high of $0.205. The price has fallen in 6 of the last 10 days and is down by -20% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 million shares and in total, 5 million shares were bought and sold for approximately $1.02 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect St Barbara Limited stock with a 90% probability to be traded between $0.169 and $0.309 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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SBM.AX Signals & Forecast
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 St Barbara Limited 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 $0.211 and $0.245. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -34.43%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for St Barbara Limited stock
St Barbara Limited finds support from accumulated volume at $0.195 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0130 between high and low, or 6.77%. For the last week the stock has had daily average volatility of 6.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBM.AX) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect St Barbara Limited to open at $0.199, and during the day (based on 14 day Average True Range), to move between $0.185 and $0.215, which gives a possible trading interval of +/-$0.0153 (+/-7.66%) up or down from last closing price. If St Barbara Limited takes out the full calculated possible swing range there will be an estimated 15.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.195 (2.50%) than the resistance at $0.230 (15.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is St Barbara Limited stock A Buy?
St Barbara Limited holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.003 Strong Sell Candidate Downgraded
Predicted Opening Price for St Barbara Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.199 ( 0.500%) | $0.200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBM.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.212 | 6.00% |
| R2 | 0.207 | 3.52% |
| R1 | 0.204 | 1.98% |
| Price | 0.200 | |
| S1 | 0.194 | -2.98% |
| S2 | 0.191 | -4.52% |
| S3 | 0.186 | -7.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.240 | 20.00% |
| R2 | 0.235 | 17.50% |
| R1 | 0.230 | 15.00% |
| Price | 0.200 | |
| S1 | 0.195 | -2.50% |
| S2 | 0.190 | -5.00% |
| S3 | 0.185 | -7.50% |
SBM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | $0.0200 | 1.37% |
| 2 | Mar 02, 2021 | Mar 02, 2021 | Mar 02, 2021 | $0.0400 | 2.02% |
| 3 | Sep 07, 2020 | Sep 07, 2020 | Sep 07, 2020 | $0.0400 | 1.18% |
| 4 | Feb 19, 2020 | Mar 03, 2020 | Mar 25, 2020 | $0.0400 | 1.79% |
| 5 | Aug 21, 2019 | Sep 03, 2019 | Sep 25, 2019 | $0.0400 | 1.29% |
FAQ
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