Sands China Ltd. Stock Forecast

Sands China Ltd. stock price down 0.0770% on Monday
(Updated on May 06, 2024)

SCHYY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.73%. 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). 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 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 stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $26.44. On a fall, the stock will find some support from the short-term average at $24.61. 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. 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

On the downside, the stock finds support just below today's level from accumulated volume at $24.34 and $24.33. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sands China Ltd. finds support just below today's level at $24.34. If this is broken, then the next support from accumulated volume will be at $24.33 and $23.38.

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 $0.0750 between high and low, or 0.290%. For the last week, the stock has had daily average volatility of 1.38%.

Our recommended stop-loss: $25.20 (-2.90%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (SCHYY) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Sands China Ltd. to open at $25.94, and during the day (based on 14 day Average True Range), to move between $25.23 and $26.67, which gives a possible trading interval of +/-$0.717 (+/-2.76%) up or down from last closing price. If Sands China Ltd. takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.34 (6.22%) than the resistance at $28.61 (10.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sands China Ltd. stock A Buy?

Sands China Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.505 Hold/Accumulate Unchanged

Predicted Opening Price for Sands China Ltd. of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.