Signet Jewelers Stock Forecast
Green day on Thursday for Signet Jewelers stock after gaining 1.09%
(Updated on Apr 25, 2024)
The Signet Jewelers stock price gained 1.09% on the last trading day (Thursday, 25th Apr 2024), rising from $98.59 to $99.66. During the last trading day the stock fluctuated 5.69% from a day low at $95.00 to a day high of $100.41. The price has been going up and down for this period, and there has been a 0.06% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 684 thousand shares were bought and sold for approximately $68.21 million.
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 -4.44% during the next 3 months and, with a 90% probability hold a price between $84.20 and $100.21 at the end of this 3-month period.
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SIG Signals & Forecast
The Signet Jewelers 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 $97.91 and $98.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.04%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, May 15, 2023 in the long-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 stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, May 15, 2023 in the long-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 stock in question.
Support, Risk & Stop-loss for Signet Jewelers stock
Signet Jewelers finds support from accumulated volume at $95.12 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 $5.41 between high and low, or 5.69%. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: $95.41 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SIG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Signet Jewelers Limited to open at $98.36, and during the day (based on 14 day Average True Range), to move between $95.64 and $103.68, which gives a possible trading interval of +/-$4.02 (+/-4.03%) up or down from last closing price. If Signet Jewelers Limited takes out the full calculated possible swing range there will be an estimated 8.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $101.73 (2.08%) than the support at $95.12 (4.56%), 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 Signet Jewelers Limited stock A Buy?
Signet Jewelers 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: -0.747 Hold/Accumulate Unchanged
Predicted Opening Price for Signet Jewelers Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $98.36 ( 1.31%) | $99.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 103.77 | 4.12 % | |
| R2 | 101.70 | 2.05 % | ||
| R1 | 100.42 | 0.766 % | ||
| Current price: | 99.66 | |||
| Support | S1 | 96.29 | -3.38 % | |
| S2 | 95.01 | -4.66 % | ||
| S3 | 92.95 | -6.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.43 | 4.79 % | |
| R2 | 102.46 | 2.81 % | ||
| R1 | 101.73 | 2.08 % | ||
| Current price | 99.66 | |||
| Support | S1 | 95.12 | -4.56% | |
| S2 | 90.08 | -9.61% | ||
| S3 | 90.00 | -9.69% |
SIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Apr 25, 2024 | May 24, 2024 | $0.290 | 0.291% |
| 2 | Jan 25, 2024 | Jan 25, 2024 | Feb 23, 2024 | $0.230 | 0.216% |
| 3 | Aug 31, 2023 | Oct 26, 2023 | Nov 24, 2023 | $0.230 | 0.289% |
| 4 | Jun 08, 2023 | Jul 27, 2023 | Aug 25, 2023 | $0.230 | 0.338% |
| 5 | Mar 16, 2023 | Apr 27, 2023 | May 26, 2023 | $0.230 | 0.332% |
FAQ
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