Superior Uniform Group Stock Forecast
Superior Uniform Group stock price down 1.29% on Wednesday
(Updated on May 01, 2024)
The Superior Uniform Group stock price fell by -1.29% on the last day (Wednesday, 1st May 2024) from $16.27 to $16.06. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.10% from a day low at $15.99 to a day high of $16.33. The price has been going up and down for this period, and there has been a -1.11% loss for the last 2 weeks. Volume has increased on the last day by 22 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, 55 thousand shares were bought and sold for approximately $882.14 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 25.26% during the next 3 months and, with a 90% probability hold a price between $19.97 and $23.30 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SGC 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 Superior Uniform Group 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 $16.63 and $16.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -6.90%. Further fall is indicated until a new bottom pivot has been found. Superior Uniform Group 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 Superior Uniform Group stock
Superior Uniform Group finds support from accumulated volume at $15.72 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 $0.335 between high and low, or 2.10%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SGC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Superior Uniform Group to open at $16.13, and during the day (based on 14 day Average True Range), to move between $15.55 and $16.57, which gives a possible trading interval of +/-$0.509 (+/-3.17%) up or down from last closing price. If Superior Uniform Group takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.10 (0.25%) than the support at $15.72 (2.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Superior Uniform Group will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0700. We will update the financials statements for Superior Uniform Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.88% in the first trading day after earnings release.
Is Superior Uniform Group stock A Buy?
The Superior Uniform Group stock holds several negative signals and despite the positive trend, we believe Superior Uniform Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.928 Sell Candidate Unchanged
Predicted Opening Price for Superior Uniform Group of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $16.13 ( 0.405%) | $16.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.46 | 2.49 % | |
| R2 | 16.33 | 1.69 % | ||
| R1 | 16.25 | 1.20 % | ||
| Current price: | 16.06 | |||
| Support | S1 | 16.00 | -0.392 % | |
| S2 | 15.92 | -0.88 % | ||
| S3 | 15.79 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.60 | 3.36 % | |
| R2 | 16.52 | 2.86 % | ||
| R1 | 16.10 | 0.249 % | ||
| Current price | 16.06 | |||
| Support | S1 | 15.72 | -2.12% | |
| S2 | 14.11 | -12.14% | ||
| S3 | 14.06 | -12.45% |
SGC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Feb 29, 2024 | $0.140 | 0.97% |
| 2 | Nov 06, 2023 | Nov 21, 2023 | Dec 06, 2023 | $0.140 | 1.13% |
| 3 | Aug 07, 2023 | Aug 24, 2023 | Sep 08, 2023 | $0.140 | 1.83% |
| 4 | May 08, 2023 | May 18, 2023 | Jun 02, 2023 | $0.140 | 1.60% |
| 5 | Feb 03, 2023 | Feb 13, 2023 | Feb 28, 2023 | $0.140 | 1.21% |
FAQ
Click here for our free guide on how to buy Superior Uniform Group Stock.
