Sce Trust Vi 5% Tr Pref Secs Trust Forecast
Sce Trust Vi 5% Tr Pref Secs trust price ended at $19.97 on Tuesday, after gaining 1.35%.
(Updated on Jun 25, 2024)
The Sce Trust Vi 5% Tr Pref Secs trust price gained 1.35% on the last trading day (Tuesday, 25th Jun 2024), rising from $19.70 to $19.97. During the last trading day the trust fluctuated 2.25% from a day low at $19.53 to a day high of $19.97. The price has been going up and down for this period, and there has been a 0.71% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $427.56 thousand.
The trusthas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $19.95, a level that may pose a second chance to hit a runner. According to fan-theory $21.39 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SCE-PL Signals & Forecast
The Sce Trust Vi 5% Tr Pref Secs trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the trust has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $19.64 and $19.68. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sce Trust Vi 5% Tr Pref Secs 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -0.597%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sce Trust Vi 5% Tr Pref Secs trust
Sce Trust Vi 5% Tr Pref Secs finds support from accumulated volume at $19.71 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 $0.440 between high and low, or 2.25%. For the last week the trust has had daily average volatility of 1.54%.
Our recommended stop-loss: $19.18 (-3.96%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (SCE-PL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sce Trust Vi 5% Tr Pref Secs to open at $19.82, and during the day (based on 14 day Average True Range), to move between $19.64 and $20.30, which gives a possible trading interval of +/-$0.325 (+/-1.63%) up or down from last closing price. If Sce Trust Vi 5% Tr Pref Secs takes out the full calculated possible swing range there will be an estimated 3.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.71 (1.30%) than the resistance at $20.99 (5.11%), 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 Vi 5% Tr Pref Secs trust A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 1.002 Buy Candidate Unchanged
Predicted Opening Price for Sce Trust Vi 5% Tr Pref Secs of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$19.82 ( 0.734%) | $19.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCE-PL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.26 | 1.47% |
R2 | 20.10 | 0.627% |
R1 | 19.99 | 0.107% |
Price | 19.97 | |
S1 | 19.66 | -1.58% |
S2 | 19.55 | -2.10% |
S3 | 19.38 | -2.94% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.11 | 5.71% |
R2 | 21.00 | 5.16% |
R1 | 20.99 | 5.11% |
Price | 19.97 | |
S1 | 19.71 | -1.30% |
S2 | 19.68 | -1.45% |
S3 | 19.50 | -2.35% |
SCE-PL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 13, 2024 | $0.313 | 1.51% |
2 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | $0.313 | 1.58% |
3 | Sep 13, 2023 | Sep 13, 2023 | Sep 13, 2023 | $0.313 | 1.75% |
4 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | $0.313 | 1.57% |
5 | Mar 13, 2023 | Mar 13, 2023 | Mar 13, 2023 | $0.313 | 1.60% |
FAQ
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