SIGA Stock Forecast
SIGA stock price up 3.31% on Tuesday
(Updated on Jul 02, 2024)
The SIGA stock price gained 3.31% on the last trading day (Tuesday, 2nd Jul 2024), rising from $7.55 to $7.80. During the last trading day the stock fluctuated 6.59% from a day low at $7.43 to a day high of $7.92. The price has risen in 7 of the last 10 days and is up by 18.27% 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, 287 thousand more shares were traded than the day before. In total, 619 thousand shares were bought and sold for approximately $4.83 million.
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 -20.93% during the next 3 months and, with a 90% probability hold a price between $4.72 and $7.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SIGA Signals & Forecast
The SIGA 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 $7.51 and $7.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 23.42%. 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).
Support, Risk & Stop-loss for SIGA stock
SIGA finds support from accumulated volume at $7.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.490 between high and low, or 6.59%. For the last week, the stock has had daily average volatility of 5.73%.
Our recommended stop-loss: $7.49 (-4.02%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (SIGA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SIGA Technologies Inc to open at $7.72, and during the day (based on 14 day Average True Range), to move between $7.38 and $8.22, which gives a possible trading interval of +/-$0.420 (+/-5.39%) up or down from last closing price. If SIGA Technologies Inc takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.85 (0.64%) than the support at $7.75 (0.64%), 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 SIGA Technologies 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: 3.848 Buy Candidate Unchanged
Predicted Opening Price for SIGA Technologies Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $7.72 ( 1.07%) | $7.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIGA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.21 | 5.21% |
| R2 | 8.02 | 2.81% |
| R1 | 7.90 | 1.33% |
| Price | 7.80 | |
| S1 | 7.53 | -3.47% |
| S2 | 7.41 | -4.95% |
| S3 | 7.23 | -7.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.97 | 15.00% |
| R2 | 8.83 | 13.21% |
| R1 | 7.85 | 0.641% |
| Price | 7.80 | |
| S1 | 7.75 | -0.641% |
| S2 | 7.55 | -3.21% |
| S3 | 7.50 | -3.85% |
SIGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Apr 11, 2024 | $0.600 | 6.51% |
| 2 | Aug 06, 2023 | May 15, 2023 | Jun 01, 2023 | $0.450 | 8.21% |
| 3 | May 05, 2022 | May 16, 2022 | Jun 02, 2022 | $0.450 | 3.50% |
FAQ
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