Ship Finance International Limited Stock Forecast
Ship Finance International Limited stock price ended at $13.63 on Thursday, after gaining 2.79%.
(Updated on May 02, 2024)
The Ship Finance International Limited stock price gained 2.79% on the last trading day (Thursday, 2nd May 2024), rising from $13.26 to $13.63. During the last trading day the stock fluctuated 2.36% from a day low at $13.33 to a day high of $13.65. The price has risen in 8 of the last 10 days and is up by 9.39% 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, 34 thousand more shares were traded than the day before. In total, 599 thousand shares were bought and sold for approximately $8.17 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.25% during the next 3 months and, with a 90% probability hold a price between $13.09 and $14.58 at the end of this 3-month period.
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SFL Signals & Forecast
Mostly positive signals in the chart today. The Ship Finance International Limited 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 $13.29 and $13.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 9.39%. 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 Ship Finance International Limited stock
Ship Finance International Limited finds support from accumulated volume at $13.41 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 $0.315 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $13.15 (-3.52%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (SFL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Ship Finance International Limited to open at $13.54, and during the day (based on 14 day Average True Range), to move between $13.38 and $13.88, which gives a possible trading interval of +/-$0.252 (+/-1.85%) up or down from last closing price. If Ship Finance International Limited takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $13.41, some $0.220 (1.61%) from the current price of $13.63, our system finds the risk reward attractive.
Is Ship Finance International Limited 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 Ship Finance International Limited stock to perform well in the short-term.
Current score: 3.759 Buy Candidate Unchanged
Predicted Opening Price for Ship Finance International Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $13.54 ( 0.697%) | $13.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.85 | 1.61 % | |
| R2 | 13.73 | 0.731 % | ||
| R1 | 13.66 | 0.186 % | ||
| Current price: | 13.63 | |||
| Support | S1 | 13.41 | -1.58 % | |
| S2 | 13.34 | -2.13 % | ||
| S3 | 13.22 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 13.63 | |||
| Support | S1 | 13.41 | -1.61% | |
| S2 | 13.39 | -1.76% | ||
| S3 | 12.76 | -6.38% |
SFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.260 | 1.97% |
| 2 | Nov 08, 2023 | Dec 14, 2023 | Dec 28, 2023 | $0.250 | 2.20% |
| 3 | Aug 17, 2023 | Sep 13, 2023 | Sep 29, 2023 | $0.240 | 2.15% |
| 4 | May 15, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.240 | 2.57% |
| 5 | Feb 15, 2023 | Mar 14, 2023 | Mar 30, 2023 | $0.240 | 2.56% |
FAQ
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