Sibanye Stillwater Limited Stock Forecast
Sibanye Stillwater Limited stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Sibanye Stillwater Limited stock price fell by -0.615% on the last day (Thursday, 25th Apr 2024) from $4.88 to $4.85. During the last trading day the stock fluctuated 5.40% from a day low at $4.63 to a day high of $4.88. The price has fallen in 8 of the last 10 days and is down by -12.61% for this period. Volume has increased on the last day by 2 million 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, 7 million shares were bought and sold for approximately $32.27 million.
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 14.33% during the next 3 months and, with a 90% probability hold a price between $4.98 and $6.66 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.
SBSW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sibanye Stillwater 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 $5.06 and $4.88. A break-up above any of these levels will issue buy signals. 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 Sibanye Stillwater Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.56 and $4.45. There is a 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, Sibanye Stillwater Limited finds support just below today's level at $4.56. If this is broken, then the next support from accumulated volume will be at $4.45 and $3.93.
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 $0.250 between high and low, or 5.40%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBSW) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Sibanye Stillwater Limited to open at $4.79, and during the day (based on 14 day Average True Range), to move between $4.59 and $5.11, which gives a possible trading interval of +/-$0.257 (+/-5.30%) up or down from last closing price. If Sibanye Stillwater Limited takes out the full calculated possible swing range there will be an estimated 10.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.56 (5.98%) than the resistance at $5.44 (12.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sibanye Stillwater Limited stock A Buy?
The Sibanye Stillwater Limited stock holds several negative signals and despite the positive trend, we believe Sibanye Stillwater Limited will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -3.122 Sell Candidate Downgraded
Predicted Opening Price for Sibanye Stillwater Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $4.79 ( 1.31%) | $4.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBSW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.04 | 3.85 % | |
| R2 | 4.94 | 1.88 % | ||
| R1 | 4.88 | 0.663 % | ||
| Current price: | 4.85 | |||
| Support | S1 | 4.69 | -3.27 % | |
| S2 | 4.63 | -4.49 % | ||
| S3 | 4.54 | -6.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.68 | 17.11 % | |
| R2 | 5.51 | 13.61 % | ||
| R1 | 5.44 | 12.16 % | ||
| Current price | 4.85 | |||
| Support | S1 | 4.56 | -5.98% | |
| S2 | 4.45 | -8.25% | ||
| S3 | 3.93 | -18.97% |
SBSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 06, 2023 | Sep 21, 2023 | Oct 06, 2023 | $0.0900 | 1.67% |
| 2 | Feb 28, 2023 | Mar 23, 2023 | Apr 06, 2023 | $0.268 | 3.25% |
| 3 | Aug 31, 2022 | Sep 15, 2022 | Apr 06, 2023 | $0.325 | 3.94% |
| 4 | Mar 10, 2022 | Mar 24, 2022 | Apr 07, 2022 | $0.494 | 3.09% |
| 5 | Sep 03, 2021 | Sep 16, 2021 | Sep 30, 2021 | $0.81 | 6.54% |
FAQ
Click here for our free guide on how to buy Sibanye Stillwater Limited Stock.
