SIFCO Industries Inc Stock Forecast
Stronger technical forecast for SIFCO Industries Inc stock price after Friday trading.
(Updated on Apr 26, 2024)
The SIFCO Industries Inc stock price gained 4.26% on the last trading day (Friday, 26th Apr 2024), rising from $3.05 to $3.18. During the last trading day the stock fluctuated 4.26% from a day low at $3.05 to a day high of $3.18. The price has been going up and down for this period, and there has been a 4.95% gain for the last 2 weeks. Volume fell on the last day by -848 shares and in total, 989 shares were bought and sold for approximately $3.15 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 lies in the middle of a 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 -3.77% during the next 3 months and, with a 90% probability hold a price between $2.78 and $3.34 at the end of this 3-month period.
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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 $3.06 and $3.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 6.35%. 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. 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 not be. 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 $3.08 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 $0.130 between high and low, or 4.26%. For the last week the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: $3.07 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (SIF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect SIFCO Industries Inc to open at $3.14, 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 +/-$0.0900 (+/-2.83%) up or down from last closing price. If SIFCO Industries Inc takes out the full calculated possible swing range there will be an estimated 5.66% 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 $3.08 (3.14%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.319 Buy Candidate Upgraded
Predicted Opening Price for SIFCO Industries Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.14 ( 1.36%) | $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 | 3.27 | 2.73 % | |
| R2 | 3.22 | 1.16 % | ||
| R1 | 3.19 | 0.199 % | ||
| Current price: | 3.18 | |||
| Support | S1 | 3.09 | -2.92 % | |
| S2 | 3.06 | -3.89 % | ||
| S3 | 3.01 | -5.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.55 | 11.64 % | |
| R2 | 3.50 | 10.06 % | ||
| R1 | 3.20 | 0.629 % | ||
| Current price | 3.18 | |||
| Support | S1 | 3.08 | -3.14% | |
| S2 | 3.03 | -4.72% | ||
| 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
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