Sce Trust Iii Trust Forecast
Sce Trust Iii trust downgraded to Sell Candidate
(Updated on Jun 27, 2024)
The Sce Trust Iii trust price gained 0.0992% on the last trading day (Thursday, 27th Jun 2024), rising from $25.20 to $25.22. It 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 last trading day the trust fluctuated 0.278% from a day low at $25.15 to a day high of $25.22. The price has risen in 5 of the last 10 days but is still down by -1.68% for this period. Volume fell on the last day by -6 thousand shares and in total, 6 thousand shares were bought and sold for approximately $159.52 thousand. 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 trust lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the trust is expected to fall -2.05% during the next 3 months and, with a 90% probability hold a price between $24.42 and $24.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SCE-PH Signals & Forecast
There are mixed signals in the trust today. The Sce Trust Iii trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at $25.43. On a fall, the trust will find some support from the short-term average at $25.15. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.518%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Sce Trust Iii trust
Sce Trust Iii finds support from accumulated volume at $25.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved $0.0699 between high and low, or 0.278%. For the last week the trust has had daily average volatility of 0.264%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCE-PH) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Sce Trust Iii to open at $25.20, and during the day (based on 14 day Average True Range), to move between $25.11 and $25.33, which gives a possible trading interval of +/-$0.114 (+/-0.45%) up or down from last closing price. If Sce Trust Iii takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.20 (0.10%) than the resistance at $25.45 (0.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sce Trust Iii trust A Buy?
Sce Trust Iii 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 trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.203 Sell Candidate Downgraded
Predicted Opening Price for Sce Trust Iii of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $25.20 ( 0.0924%) | $25.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCE-PH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.27 | 0.185% |
| R2 | 25.24 | 0.0789% |
| R1 | 25.22 | 0.0135% |
| Price | 25.22 | |
| S1 | 25.17 | -0.198% |
| S2 | 25.15 | -0.264% |
| S3 | 25.13 | -0.370% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.77 | 2.18% |
| R2 | 25.57 | 1.39% |
| R1 | 25.45 | 0.91% |
| Price | 25.22 | |
| S1 | 25.20 | -0.0991% |
| S2 | 25.10 | -0.476% |
| S3 | 25.09 | -0.515% |
SCE-PH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 13, 2024 | $0.359 | 1.43% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Feb 29, 2024 | $0.359 | 1.42% |
| 3 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | $0.359 | 1.45% |
| 4 | Sep 13, 2023 | Sep 13, 2023 | Sep 13, 2023 | $0.359 | 1.50% |
| 5 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | $0.359 | 1.58% |
FAQ
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