Seanergy Maritime Stock Forecast
Green day on Wednesday for Seanergy Maritime
(Updated on Apr 17, 2024)
The Seanergy Maritime stock price gained 2.48% on the last trading day (Wednesday, 17th Apr 2024), rising from $9.06 to $9.28. During the last trading day the stock fluctuated 3.54% from a day low at $9.05 to a day high of $9.37. The price has been going up and down for this period, and there has been a 6.18% gain for the last 2 weeks. Volume fell on the last day by -750 thousand shares and in total, 556 thousand shares were bought and sold for approximately $5.16 million. 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 lies in the middle of a wide and strong 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 20.08% during the next 3 months and, with a 90% probability hold a price between $10.15 and $11.74 at the end of this 3-month period.
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SHIP Signals & Forecast
The Seanergy Maritime 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 $8.79 and $8.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 12.62%. 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 Seanergy Maritime stock
Seanergy Maritime finds support from accumulated volume at $9.18 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.320 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 6.31%.
Our recommended stop-loss: $8.98 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (SHIP) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Seanergy Maritime Holdings Corp to open at $9.23, and during the day (based on 14 day Average True Range), to move between $8.80 and $9.76, which gives a possible trading interval of +/-$0.480 (+/-5.18%) up or down from last closing price. If Seanergy Maritime Holdings Corp takes out the full calculated possible swing range there will be an estimated 10.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.31 (0.32%) than the support at $9.18 (1.08%), 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.
Is Seanergy Maritime Holdings Corp stock A Buy?
Seanergy Maritime holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.994 Strong Buy Candidate Unchanged
Predicted Opening Price for Seanergy Maritime Holdings Corp of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $9.23 ( 0.503%) | $9.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHIP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.55 | 2.95 % | |
| R2 | 9.43 | 1.63 % | ||
| R1 | 9.36 | 0.81 % | ||
| Current price: | 9.28 | |||
| Support | S1 | 9.11 | -1.82 % | |
| S2 | 9.04 | -2.63 % | ||
| S3 | 8.91 | -3.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 9.33 | 0.539 % | ||
| R1 | 9.31 | 0.323 % | ||
| Current price | 9.28 | |||
| Support | S1 | 9.18 | -1.08% | |
| S2 | 9.06 | -2.42% | ||
| S3 | 8.44 | -9.05% |
SHIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 10, 2024 | $0.100 | 1.16% |
| 2 | Nov 13, 2023 | Dec 21, 2023 | Jan 10, 2024 | $0.0250 | 0.339% |
| 3 | Aug 01, 2023 | Sep 21, 2023 | Oct 06, 2023 | $0.0250 | 0.420% |
| 4 | May 24, 2023 | Jun 21, 2023 | Jul 06, 2023 | $0.0250 | 0.514% |
| 5 | Mar 13, 2023 | Mar 30, 2023 | Apr 25, 2023 | $0.0250 | 0.512% |
FAQ
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