Seaboard Corp Stock Forecast
Seaboard Corp stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Seaboard Corp stock price gained 0.0590% on the last trading day (Friday, 26th Apr 2024), rising from $3,205.33 to $3,207.22. During the last trading day the stock fluctuated 2.67% from a day low at $3,189.75 to a day high of $3,275.00. The price has risen in 6 of the last 10 days and is up by 3.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 961 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $8.78 million.
The stock lies in the middle of a 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 -12.38% during the next 3 months and, with a 90% probability hold a price between $2,649.05 and $2,865.90 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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SEB Signals & Forecast
The Seaboard Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3,213.81. On a fall, the stock will find some support from the long-term average at approximately $3,194.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.28%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Seaboard Corp stock
Seaboard Corp finds support from accumulated volume at $3,200.00 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 $85.25 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 4.11%.
Our recommended stop-loss: $3,049.80 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SEB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Seaboard Corp to open at $3,223.99, and during the day (based on 14 day Average True Range), to move between $3,109.97 and $3,304.47, which gives a possible trading interval of +/-$97.25 (+/-3.03%) up or down from last closing price. If Seaboard Corp takes out the full calculated possible swing range there will be an estimated 6.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3,200.00 (0.23%) than the resistance at $3,225.20 (0.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Seaboard Corp stock A Buy?
Seaboard Corp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.815 Hold/Accumulate Downgraded
Predicted Opening Price for Seaboard Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3,223.99 ( 0.523%) | $3,207.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,309.24 | 3.18 % | |
| R2 | 3,276.67 | 2.17 % | ||
| R1 | 3,256.56 | 1.54 % | ||
| Current price: | 3,207.22 | |||
| Support | S1 | 3,191.42 | -0.492 % | |
| S2 | 3,171.31 | -1.12 % | ||
| S3 | 3,138.74 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,465.31 | 8.05 % | |
| R2 | 3,284.37 | 2.41 % | ||
| R1 | 3,225.20 | 0.561 % | ||
| Current price | 3,207.22 | |||
| Support | S1 | 3,200.00 | -0.225% | |
| S2 | 3,186.92 | -0.633% | ||
| S3 | 3,152.25 | -1.71% |
SEB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 04, 2024 | $2.25 | 0.0711% |
| 2 | Oct 30, 2023 | Nov 08, 2023 | Nov 20, 2023 | $2.25 | 0.0640% |
| 3 | Aug 01, 2023 | Aug 10, 2023 | Aug 21, 2023 | $2.25 | 0.0629% |
| 4 | May 03, 2023 | May 12, 2023 | May 25, 2023 | $2.25 | 0.0593% |
| 5 | Feb 14, 2023 | Feb 23, 2023 | Mar 06, 2023 | $2.25 | 0.0596% |
FAQ
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