Seanergy Maritime Stock Forecast
Green day on Tuesday for Seanergy Maritime
(Updated on Apr 30, 2024)
The Seanergy Maritime stock price gained 0.84% on the last trading day (Tuesday, 30th Apr 2024), rising from $9.49 to $9.57. During the last trading day the stock fluctuated 3.30% from a day low at $9.40 to a day high of $9.71. The price has risen in 7 of the last 10 days and is up by 5.69% 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, 14 thousand more shares were traded than the day before. In total, 252 thousand shares were bought and sold for approximately $2.41 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.64 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.35% during the next 3 months and, with a 90% probability hold a price between $11.54 and $12.57 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 $9.47 and $8.97. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
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 $0.310 between high and low, or 3.30%. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: $9.22 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SHIP) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Seanergy Maritime Holdings Corp to open at $9.56, and during the day (based on 14 day Average True Range), to move between $9.15 and $9.99, which gives a possible trading interval of +/-$0.423 (+/-4.42%) 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 8.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.18, some $0.390 (4.08%) from the current price of $9.57, our system finds the risk reward attractive.
Is Seanergy Maritime Holdings Corp 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 Seanergy Maritime stock to perform well in the short-term.
Current score: 4.204 Buy Candidate Unchanged
Predicted Opening Price for Seanergy Maritime Holdings Corp of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $9.56 ( 0.104%) | $9.57 |
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 | 9.87 | 3.13 % | |
| R2 | 9.75 | 1.90 % | ||
| R1 | 9.68 | 1.13 % | ||
| Current price: | 9.57 | |||
| Support | S1 | 9.44 | -1.34 % | |
| S2 | 9.37 | -2.11 % | ||
| S3 | 9.25 | -3.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 9.57 | |||
| Support | S1 | 9.18 | -4.08% | |
| S2 | 9.06 | -5.38% | ||
| S3 | 8.44 | -11.81% |
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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