Stifel Financial Corporation Stock Forecast

Stifel Financial Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)

SF Signals & Forecast

The Stifel Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $76.05 and $75.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.29%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Stifel Financial Corporation stock

Stifel Financial Corporation finds support from accumulated volume at $74.72 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 $3.49 between high and low, or 4.61%. For the last week the stock has had daily average volatility of 2.49%.

Since the Stifel Financial Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $75.32 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (SF) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Stifel Financial Corporation to open at $77.75, and during the day (based on 14 day Average True Range), to move between $76.69 and $79.87, which gives a possible trading interval of +/-$1.59 (+/-2.03%) up or down from last closing price. If Stifel Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $74.72, some $3.56 (4.55%) from the current price of $78.28, our system finds the risk reward attractive.

Is Stifel Financial Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Stifel Financial Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.401 Buy Candidate Upgraded

Predicted Opening Price for Stifel Financial Corporation of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.