Siem Offshore Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Siem Offshore Inc
(Updated on May 16, 2024)
No changes to the price of Siem Offshore Inc stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 0% from a day low at kr36.10 to a day high of kr36.10. The price has fallen in 5 of the last 10 days but is still up by 0.98% over the past 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr35.57 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 25.15% during the next 3 months and, with a 90% probability hold a price between kr44.52 and kr51.21 at the end of this 3-month period.
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SIOFF.OL Signals & Forecast
The Siem Offshore Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr36.15. On a fall, the stock will find some support from the long-term average at approximately kr35.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has fallen 0%. 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. 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.
Support, Risk & Stop-loss for Siem Offshore Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at kr29.15 and kr29.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Siem Offshore Inc finds support just below today's level at kr29.15. If this is broken, then the next support from accumulated volume will be at kr29.00 and kr28.30.
In general the stock 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 stock During the last day, the stock moved kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.02%
Our recommended stop-loss: kr34.01 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (SIOFF.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Siem Offshore Inc to open at kr36.10, and during the day (based on 14 day Average True Range), to move between kr35.14 and kr37.06, which gives a possible trading interval of +/-kr0.96 (+/-2.66%) up or down from last closing price. If Siem Offshore Inc takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr36.55 (1.25%) than the support at kr29.15 (19.25%), 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 Siem Offshore Inc stock A Buy?
Siem Offshore 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 Siem Offshore Inc of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr36.10 ( 0%) | kr36.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIOFF.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.10 | . | |
| R2 | 36.10 | . | ||
| R1 | 36.10 | . | ||
| Current price: | 36.10 | |||
| Support | S1 | 36.10 | . | |
| S2 | 36.10 | . | ||
| S3 | 36.10 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.80 | 4.71 % | |
| R2 | 36.70 | 1.66 % | ||
| R1 | 36.55 | 1.25 % | ||
| Current price | 36.10 | |||
| Support | S1 | 29.15 | -19.25% | |
| S2 | 29.00 | -19.67% | ||
| S3 | 28.30 | -21.61% |
SIOFF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2014 | May 06, 2014 | May 15, 2014 | kr10.00 | 1.16% |
FAQ
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