Sands China Ltd. Stock Forecast
Stronger technical forecast for Sands China Ltd. stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Sands China Ltd. stock price fell by -0.642% on the last day (Thursday, 25th Apr 2024) from $23.38 to $23.23. During the last trading day the stock fluctuated 1.35% from a day low at $22.92 to a day high of $23.23. The price has fallen in 8 of the last 10 days and is down by -18.02% for this period. Volume has increased on the last day by 20 thousand 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, 59 thousand shares were bought and sold for approximately $1.37 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.32% during the next 3 months and, with a 90% probability hold a price between $20.45 and $25.65 at the end of this 3-month period.
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SCHYY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.91%. 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 Sands China Ltd. 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 $23.55 and $26.98. 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). Sands China Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Sands China Ltd. stock
Sands China Ltd. finds support from accumulated volume at $23.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.310 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 2.07%.
Sands China Ltd. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCHYY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Sands China Ltd. to open at $23.13, and during the day (based on 14 day Average True Range), to move between $22.53 and $23.93, which gives a possible trading interval of +/-$0.696 (+/-3.00%) up or down from last closing price. If Sands China Ltd. takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.38 (0.65%) than the support at $23.02 (0.90%), 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 Sands China Ltd. stock A Buy?
Sands China Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.409 Sell Candidate Upgraded
Predicted Opening Price for Sands China Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $23.13 ( 0.445%) | $23.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHYY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.44 | 0.89 % | |
| R2 | 23.32 | 0.380 % | ||
| R1 | 23.25 | 0.0649 % | ||
| Current price: | 23.23 | |||
| Support | S1 | 23.01 | -0.95 % | |
| S2 | 22.94 | -1.27 % | ||
| S3 | 22.82 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.13 | 8.18 % | |
| R2 | 24.33 | 4.74 % | ||
| R1 | 23.38 | 0.646 % | ||
| Current price | 23.23 | |||
| Support | S1 | 23.02 | -0.90% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SCHYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 17, 2020 | Jan 31, 2020 | Mar 06, 2020 | $1.27 | 2.89% |
| 2 | Apr 17, 2019 | May 29, 2019 | Jul 08, 2019 | $1.28 | 2.60% |
| 3 | Jan 22, 2019 | Feb 01, 2019 | Mar 11, 2019 | $1.26 | 2.73% |
| 4 | May 30, 2018 | May 30, 2018 | May 30, 2018 | $1.28 | 2.34% |
| 5 | Jan 31, 2018 | Jan 31, 2018 | Jan 31, 2018 | $1.27 | 2.43% |
FAQ
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