Stifel Financial Corp. Stock Forecast
Stifel Financial Corp. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Stifel Financial Corp. stock price gained 0.0854% on the last trading day (Friday, 28th Jun 2024), rising from $23.41 to $23.43. During the last trading day the stock fluctuated 0.82% from a day low at $23.31 to a day high of $23.50. The price has fallen in 7 of the last 10 days and is down by -3.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 177 thousand more shares were traded than the day before. In total, 222 thousand shares were bought and sold for approximately $5.20 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $23.23 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 $23.21 and $25.69 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-PC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.0854%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 $23.84 and $24.44. 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).
Support, Risk & Stop-loss for Stifel Financial Corp. stock
Stifel Financial Corp. finds support from accumulated volume at $23.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.190 (0.82%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.
Stifel Financial Corp. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $21.88 (-6.62%) (This stock has low daily movements and this gives low risk. Low RSI14 is 19 which reduces the risk some. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (SF-PC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Stifel Financial Corp. to open at $23.41, and during the day (based on 14 day Average True Range), to move between $23.04 and $23.82, which gives a possible trading interval of +/-$0.386 (+/-1.65%) up or down from last closing price. If Stifel Financial Corp. takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.41 (0.09%) than the resistance at $23.71 (1.20%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.176 Hold/Accumulate Upgraded
Predicted Opening Price for Stifel Financial Corp. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $23.41 ( 0.0711%) | $23.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SF-PC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.60 | 0.740% |
| R2 | 23.53 | 0.430% |
| R1 | 23.49 | 0.239% |
| Price | 23.43 | |
| S1 | 23.34 | -0.381% |
| S2 | 23.30 | -0.572% |
| S3 | 23.22 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.72 | 9.77% |
| R2 | 24.95 | 6.49% |
| R1 | 23.71 | 1.20% |
| Price | 23.43 | |
| S1 | 23.41 | -0.0854% |
| S2 | 23.24 | -0.81% |
| S3 | 0 | - |
SF-PC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 17, 2024 | $0.383 | 1.58% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.383 | 1.56% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.383 | 1.53% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.383 | 1.61% |
| 5 | May 31, 2023 | May 31, 2023 | Jun 15, 2023 | $0.383 | 1.59% |
FAQ
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