Service Corporation International Stock Forecast
Service Corporation International stock price up 0.0426% on Tuesday
(Updated on Jul 02, 2024)
The Service Corporation International stock price gained 0.0426% on the last trading day (Tuesday, 2nd Jul 2024), rising from $70.37 to $70.40. During the last trading day the stock fluctuated 1.12% from a day low at $69.79 to a day high of $70.57. The price has fallen in 7 of the last 10 days and is down by -3.61% for this period. Volume fell on the last day by -245 thousand shares and in total, 571 thousand shares were bought and sold for approximately $40.20 million. 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 stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.37% during the next 3 months and, with a 90% probability hold a price between $70.32 and $75.88 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SCI Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Service Corporation International stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $71.75 and $71.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -3.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Service Corporation International stock
Service Corporation International finds support from accumulated volume at $69.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.780 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: $66.69 (-5.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (SCI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Service Corporation International to open at $70.25, and during the day (based on 14 day Average True Range), to move between $69.11 and $71.69, which gives a possible trading interval of +/-$1.29 (+/-1.84%) up or down from last closing price. If Service Corporation International takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $71.13 (1.04%) than the support at $69.60 (1.14%), 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 Service Corporation International stock A Buy?
Service Corporation International holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.761 Hold/Accumulate Unchanged
Predicted Opening Price for Service Corporation International of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $70.25 ( 0.208%) | $70.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.03 | 0.90% |
| R2 | 70.74 | 0.476% |
| R1 | 70.55 | 0.215% |
| Price | 70.40 | |
| S1 | 69.96 | -0.632% |
| S2 | 69.77 | -0.89% |
| S3 | 69.47 | -1.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.71 | 1.86% |
| R2 | 71.40 | 1.42% |
| R1 | 71.13 | 1.04% |
| Price | 70.40 | |
| S1 | 69.60 | -1.14% |
| S2 | 69.35 | -1.49% |
| S3 | 67.59 | -3.99% |
SCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.300 | 0.422% |
| 2 | May 07, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.300 | 0.422% |
| 3 | Feb 15, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.290 | 0.391% |
| 4 | Nov 08, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.290 | 0.424% |
| 5 | Aug 02, 2023 | Sep 14, 2023 | Sep 30, 2023 | $0.290 | 0.508% |
FAQ
Click here for our free guide on how to buy Service Corporation International Stock.
