Secure Energy Services Inc. Stock Forecast
Secure Energy Services Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 23, 2024)
The Secure Energy Services Inc. stock price fell by -1.92% on the last day (Thursday, 23rd May 2024) from $8.34 to $8.18. During the last trading day the stock fluctuated 1.06% from a day low at $8.18 to a day high of $8.27. The price has risen in 5 of the last 10 days and is up by 0.25% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 3 thousand shares were bought and sold for approximately $25.98 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Secure Energy Services Inc. stock with a 90% probability to be traded between $7.84 and $8.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SECYF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 0.250%. 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 Secure Energy Services Inc. 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 $8.34 and $8.31. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Secure Energy Services Inc. stock
Secure Energy Services Inc. finds support from accumulated volume at $8.15 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0865 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.21%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SECYF) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Secure Energy Services Inc. to open at $8.21, and during the day (based on 14 day Average True Range), to move between $8.07 and $8.29, which gives a possible trading interval of +/-$0.109 (+/-1.34%) up or down from last closing price. If Secure Energy Services Inc. takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.15 (0.37%) than the resistance at $8.24 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Secure Energy Services Inc. stock A Buy?
Secure Energy Services Inc. holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.377 Sell Candidate Downgraded
Predicted Opening Price for Secure Energy Services Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $8.21 ( 0.352%) | $8.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SECYF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.30 | 1.41 % | |
| R2 | 8.26 | 1.01 % | ||
| R1 | 8.24 | 0.756 % | ||
| Current price: | 8.18 | |||
| Support | S1 | 8.18 | -0.0515 % | |
| S2 | 8.16 | -0.301 % | ||
| S3 | 8.12 | -0.705 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.57 | 4.77 % | |
| R2 | 8.39 | 2.57 % | ||
| R1 | 8.24 | 0.700 % | ||
| Current price | 8.18 | |||
| Support | S1 | 8.15 | -0.367% | |
| S2 | 7.97 | -2.57% | ||
| S3 | 7.92 | -3.18% |
SECYF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.0737 | 0.89% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.0740 | 1.40% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.0750 | 1.61% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | $0.0740 | 1.62% |
FAQ
Click here for our free guide on how to buy Secure Energy Services Inc. Stock.
