SIFCO Industries Inc Stock Forecast
Red day on Wednesday for SIFCO Industries Inc
(Updated on Mar 27, 2024)
The SIFCO Industries Inc stock price fell by -0.0157% on the last day (Wednesday, 27th Mar 2024) from $3.18 to $3.18. During the last trading day the stock fluctuated 0.314% from a day low at $3.18 to a day high of $3.19. The price has fallen in 5 of the last 10 days but is still up by 3.59% over the past 2 weeks. Volume has increased on the last day by 2 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, 2 thousand shares were bought and sold for approximately $7.45 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.17% during the next 3 months and, with a 90% probability hold a price between $2.40 and $3.84 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.
SIF Signals & Forecast
The SIFCO Industries Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.16 and $3.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 6.36%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. SIFCO Industries Inc 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SIFCO Industries Inc stock
SIFCO Industries Inc finds support from accumulated volume at $3.10 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 $0.0100 between high and low, or 0.314%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: $3.09 (-2.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (SIF) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect SIFCO Industries Inc to open at $3.18, and during the day (based on 14 day Average True Range), to move between $3.09 and $3.27, which gives a possible trading interval of +/-$0.0937 (+/-2.95%) up or down from last closing price. If SIFCO Industries Inc takes out the full calculated possible swing range there will be an estimated 5.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.20 (0.63%) than the support at $3.10 (2.52%), 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 SIFCO Industries Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.147 Buy Candidate Unchanged
Predicted Opening Price for SIFCO Industries Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$3.18 ( 0.103%) | $3.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.19 | 0.417 % | |
R2 | 3.19 | 0.297 % | ||
R1 | 3.19 | 0.223 % | ||
Current price: | 3.18 | |||
Support | S1 | 3.18 | -0.0174 % | |
S2 | 3.18 | -0.0916 % | ||
S3 | 3.17 | -0.212 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.71 | 16.66 % | |
R2 | 3.28 | 3.14 % | ||
R1 | 3.20 | 0.626 % | ||
Current price | 3.18 | |||
Support | S1 | 3.10 | -2.52% | |
S2 | 3.09 | -2.83% | ||
S3 | 3.01 | -5.35% |
SIF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 24, 2014 | Nov 04, 2014 | Nov 20, 2014 | $0.200 | 0.596% |
2 | Sep 27, 2013 | Nov 05, 2013 | Nov 21, 2013 | $0.200 | 0.91% |
3 | Sep 26, 2012 | Oct 31, 2012 | Nov 16, 2012 | $0.200 | 1.34% |
4 | Oct 03, 2011 | Nov 02, 2011 | Nov 18, 2011 | $0.200 | 1.01% |
5 | Oct 01, 2010 | Nov 09, 2010 | Nov 26, 2010 | $0.150 | 1.13% |
FAQ
Click here for our free guide on how to buy SIFCO Industries Inc Stock.