Siteminder Limited Stock Forecast
Siteminder Limited stock price ended at $5.11 on Wednesday, after losing 0.777%.
(Updated on Jun 26, 2024)
The Siteminder Limited stock price fell by -0.777% on the last day (Wednesday, 26th Jun 2024) from $5.15 to $5.11. During the last trading day the stock fluctuated 1.58% from a day low at $5.05 to a day high of $5.13. The price has risen in 5 of the last 10 days and is up by 6.68% over the past 2 weeks. Volume has increased on the last day by 252 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, 605 thousand shares were bought and sold for approximately $3.09 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.89% during the next 3 months and, with a 90% probability hold a price between $3.95 and $4.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SDR.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 9.89%. 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 Siteminder Limited 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 $5.15. On a fall, the stock will find some support from the short-term average at $5.09. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Siteminder Limited stock
Siteminder Limited finds support from accumulated volume at $5.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0800 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 1.98%.
The Siteminder Limited stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: $4.92 (-3.69%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (SDR.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Siteminder Limited to open at $5.10, and during the day (based on 14 day Average True Range), to move between $4.97 and $5.25, which gives a possible trading interval of +/-$0.145 (+/-2.83%) up or down from last closing price. If Siteminder Limited takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.13 (0.39%) than the support at $5.05 (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 Siteminder Limited stock A Buy?
Siteminder Limited 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: 0.113 Hold/Accumulate Unchanged
Predicted Opening Price for Siteminder Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $5.10 ( 0.261%) | $5.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDR.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.18 | 1.30% |
| R2 | 5.15 | 0.707% |
| R1 | 5.13 | 0.337% |
| Price | 5.11 | |
| S1 | 5.07 | -0.86% |
| S2 | 5.05 | -1.23% |
| S3 | 5.02 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.63 | 10.18% |
| R2 | 5.35 | 4.70% |
| R1 | 5.13 | 0.391% |
| Price | 5.11 | |
| S1 | 5.05 | -1.17% |
| S2 | 5.02 | -1.76% |
| S3 | 4.87 | -4.70% |
FAQ
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