Stmicroelectronics N.v. Stock Forecast
Stronger technical forecast for Stmicroelectronics N.v. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Stmicroelectronics N.v. stock price gained 1.67% on the last trading day (Friday, 28th Jun 2024), rising from 36.32€ to 36.93€. During the last trading day the stock fluctuated 2.42% from a day low at 36.31€ to a day high of 37.19€. The price has fallen in 6 of the last 10 days and is down by -6.26% for this period. Volume fell on the last day by -7 thousand shares and in total, 7 thousand shares were bought and sold for approximately 243.74€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 36.33€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Stmicroelectronics N.v. stock with a 90% probability to be traded between 36.68€ and 42.22€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SGM.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Stmicroelectronics N.v. 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 37.40€ and 38.79€. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should go up by 17.37% to 43.34€ within 8 trading days since signal was issued (Tuesday, May 14, 2024).
Support, Risk & Stop-loss for Stmicroelectronics N.v. stock
Stmicroelectronics N.v. finds support from accumulated volume at 36.51€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.88€ between high and low, or 2.42%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: 34.83€ (-5.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (SGM.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Stmicroelectronics N.v. to open at 36.81€, and during the day (based on 14 day Average True Range), to move between 35.99€ and 37.86€, which gives a possible trading interval of +/-0.94€ (+/-2.54%) up or down from last closing price. If Stmicroelectronics N.v. takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 36.51€ (1.12%) than the resistance at 38.07€ (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Stmicroelectronics N.v. stock A Buy?
Stmicroelectronics N.v. 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: 0.368 Hold/Accumulate Upgraded
Predicted Opening Price for Stmicroelectronics N.v. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 36.81€ ( 0.325%) | 36.93€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGM.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.69 | 2.06% |
| R2 | 37.35 | 1.15% |
| R1 | 37.14 | 0.585% |
| Price | 36.93 | |
| S1 | 36.47 | -1.24% |
| S2 | 36.26 | -1.80% |
| S3 | 35.93 | -2.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.42 | 12.16% |
| R2 | 39.02 | 5.67% |
| R1 | 38.07 | 3.09% |
| Price | 36.93 | |
| S1 | 36.51 | -1.12% |
| S2 | 36.48 | -1.21% |
| S3 | 36.32 | -1.64% |
SGM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 24, 2025 | Mar 24, 2025 | Mar 26, 2025 | 0.0839€ | 0% |
| 2 | Dec 16, 2024 | Dec 16, 2024 | Dec 18, 2024 | 0.0839€ | 0% |
| 3 | Sep 23, 2024 | Sep 23, 2024 | Sep 25, 2024 | 0.0839€ | 0% |
| 4 | Jun 24, 2024 | Jun 24, 2024 | Jun 26, 2024 | 0.0828€ | 0% |
| 5 | Mar 18, 2024 | Mar 18, 2024 | Mar 20, 2024 | 0.0551€ | 0% |
FAQ
Click here for our free guide on how to buy Stmicroelectronics N.v. Stock.
