SI Financial Group Inc. ETF Forecast
SI Financial Group Inc. ETF price ended at $43.31 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of SI Financial Group Inc. ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $43.31 to a day high of $43.31. The price has been going up and down for this period, and there has been a 1.33% gain for the last 2 weeks.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SI Financial Group Inc. ETF with a 90% probability to be traded between $43.63 and $44.25 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SIFI Signals & Forecast
The SI Financial Group Inc. ETF 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 $43.28 and $42.99. 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). 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, June 14, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Friday, June 14, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for SI Financial Group Inc. ETF
SI Financial Group Inc. finds support from accumulated volume at $43.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%
Our recommended stop-loss: $41.71 (-3.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SIFI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SI Financial Group Inc. to open at $43.31, and during the day (based on 14 day Average True Range), to move between $43.21 and $43.41, which gives a possible trading interval of +/-$0.100 (+/-0.23%) up or down from last closing price. If SI Financial Group Inc. takes out the full calculated possible swing range there will be an estimated 0.46% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $43.21, some $0.102 (0.24%) from the current price of $43.31, our system finds the risk reward attractive.
Is SI Financial Group Inc. ETF A Buy?
SI Financial Group Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for SI Financial Group Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $43.31 ( 0%) | $43.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIFI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.31 | - |
| R2 | 43.31 | - |
| R1 | 43.31 | - |
| Price | 43.31 | |
| S1 | 43.31 | - |
| S2 | 43.31 | - |
| S3 | 43.31 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 43.31 | |
| S1 | 43.21 | -0.235% |
| S2 | 42.94 | -0.85% |
| S3 | 42.93 | -0.87% |
SIFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 06, 2024 | $0.182 | 0.424% |
| 2 | Feb 29, 2024 | Apr 01, 2024 | Apr 04, 2024 | $0.194 | 0.451% |
| 3 | Jan 31, 2024 | Feb 01, 2024 | Feb 06, 2024 | $0.128 | 0.294% |
| 4 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.597 | 1.38% |
| 5 | Nov 30, 2023 | Dec 01, 2023 | Dec 06, 2023 | $0.196 | 0.456% |
FAQ
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