Sibanye Stillwater Limited Stock Forecast
Green day on Tuesday for Sibanye Stillwater Limited stock after gaining 0.95%
(Updated on Jul 02, 2024)
The Sibanye Stillwater Limited stock price gained 0.95% on the last trading day (Tuesday, 2nd Jul 2024), rising from $4.22 to $4.26. During the last trading day the stock fluctuated 4.41% from a day low at $4.08 to a day high of $4.26. The price has risen in 6 of the last 10 days but is still down by -5.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $33.13 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.23% during the next 3 months and, with a 90% probability hold a price between $3.41 and $4.53 at the end of this 3-month period.
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SBSW Signals & Forecast
There are mixed signals in the stock today. The Sibanye Stillwater 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 $4.39 and $4.83. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.95%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
A sell signal from a double top formation was found on Monday, May 20, 2024 and based on theory for this formation the price should fall by -10.57% to $3.81 within 29 trading days since signal was issued (Tuesday, July 02, 2024).
Support, Risk & Stop-loss for Sibanye Stillwater Limited stock
Sibanye Stillwater Limited finds support from accumulated volume at $4.22 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 $0.180 between high and low, or 4.41%. For the last week, the stock has had daily average volatility of 3.82%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sibanye Stillwater Limited to open at $4.20, and during the day (based on 14 day Average True Range), to move between $4.05 and $4.47, which gives a possible trading interval of +/-$0.209 (+/-4.90%) up or down from last closing price. If Sibanye Stillwater Limited takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.22 (0.94%) than the resistance at $4.55 (6.81%), 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?
Sibanye Stillwater Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.490 Sell Candidate Unchanged
Predicted Opening Price for Sibanye Stillwater Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $4.20 ( 1.41%) | $4.26 |
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 | |
|---|---|---|
| R3 | 4.38 | 2.82% |
| R2 | 4.31 | 1.20% |
| R1 | 4.27 | 0.206% |
| Price | 4.26 | |
| S1 | 4.13 | -3.02% |
| S2 | 4.09 | -4.02% |
| S3 | 4.02 | -5.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.12 | 20.19% |
| R2 | 5.04 | 18.31% |
| R1 | 4.55 | 6.81% |
| Price | 4.26 | |
| S1 | 4.22 | -0.94% |
| S2 | 0 | - |
| S3 | 0 | - |
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
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