Sce Trust Iv Trust Forecast
Sce Trust Iv trust upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Sce Trust Iv trust price gained 0.252% on the last trading day (Thursday, 27th Jun 2024), rising from $23.77 to $23.83. 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 1.23% from a day low at $23.61 to a day high of $23.90. The price has risen in 6 of the last 10 days but is still down by -0.83% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $483.49 thousand.
The trust lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the trust is expected to rise 3.21% during the next 3 months and, with a 90% probability hold a price between $24.39 and $25.25 at the end of this 3-month period.
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SCE-PJ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.19%. Further rise is indicated until a new top pivot has been found. Sce Trust Iv has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sce Trust Iv 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 $23.97. On a fall, the trust will find some support from the short-term average at $23.72. 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).
Support, Risk & Stop-loss for Sce Trust Iv trust
Sce Trust Iv finds support from accumulated volume at $23.55 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 with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.290 between high and low, or 1.23%. For the last week the trust has had daily average volatility of 1.28%.
Our recommended stop-loss: $22.38 (-6.08%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (SCE-PJ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Sce Trust Iv to open at $23.78, and during the day (based on 14 day Average True Range), to move between $23.56 and $24.10, which gives a possible trading interval of +/-$0.274 (+/-1.15%) up or down from last closing price. If Sce Trust Iv takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.84 (0.04%) than the support at $23.55 (1.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sce Trust Iv trust A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sce Trust Iv trust to perform well in the short-term. We have upgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.006 Buy Candidate Upgraded
Predicted Opening Price for Sce Trust Iv of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $23.78 ( 0.210%) | $23.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCE-PJ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.07 | 1.01% |
| R2 | 23.96 | 0.542% |
| R1 | 23.89 | 0.255% |
| Price | 23.83 | |
| S1 | 23.67 | -0.675% |
| S2 | 23.60 | -0.96% |
| S3 | 23.49 | -1.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.10 | 1.13% |
| R2 | 24.01 | 0.755% |
| R1 | 23.84 | 0.0420% |
| Price | 23.83 | |
| S1 | 23.55 | -1.17% |
| S2 | 23.34 | -2.06% |
| S3 | 23.15 | -2.85% |
FAQ
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