Stifel Financial Corp. Stock Forecast
Red day on Friday for Stifel Financial Corp.
(Updated on Jun 28, 2024)
The Stifel Financial Corp. stock price fell by -0.83% on the last day (Friday, 28th Jun 2024) from $24.00 to $23.80. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.56% from a day low at $23.65 to a day high of $24.02. The price has fallen in 5 of the last 10 days and is down by -1.73% for this period. Volume has increased on the last day by 21 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, 26 thousand shares were bought and sold for approximately $612.85 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $23.72 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Stifel Financial Corp. stock with a 90% probability to be traded between $23.88 and $25.26 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.
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SF-PB Signals & Forecast
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 Stifel Financial Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $24.30 and $24.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -4.95%. Further fall is indicated until a new bottom pivot has been found. Stifel Financial Corp. 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 Stifel Financial Corp. stock
Stifel Financial Corp. finds support from accumulated volume at $23.78 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 $0.370 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SF-PB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Stifel Financial Corp. to open at $23.82, and during the day (based on 14 day Average True Range), to move between $23.47 and $24.13, which gives a possible trading interval of +/-$0.326 (+/-1.37%) up or down from last closing price. If Stifel Financial Corp. takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.78 (0.08%) than the resistance at $24.40 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Stifel Financial Corp. stock A Buy?
Stifel Financial Corp. 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.
Current score: -1.850 Sell Candidate Unchanged
Predicted Opening Price for Stifel Financial Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $23.82 ( 0.0980%) | $23.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SF-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.19 | 1.65% |
| R2 | 24.05 | 1.06% |
| R1 | 23.96 | 0.692% |
| Price | 23.80 | |
| S1 | 23.68 | -0.496% |
| S2 | 23.59 | -0.86% |
| S3 | 23.45 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.78 | 4.12% |
| R2 | 24.59 | 3.32% |
| R1 | 24.40 | 2.52% |
| Price | 23.80 | |
| S1 | 23.78 | -0.0840% |
| S2 | 23.77 | -0.126% |
| S3 | 23.67 | -0.546% |
SF-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 17, 2024 | $0.391 | 1.62% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.391 | 1.58% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.391 | 1.61% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.391 | 1.68% |
| 5 | May 31, 2023 | May 31, 2023 | Jun 15, 2023 | $0.391 | 1.68% |
FAQ
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