SIPEF group Stock Forecast

SIPEF group stock price down 0.702% on Thursday
(Updated on Apr 25, 2024)

SIP.BB Signals & Forecast

The SIPEF group 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 56.49€ and 54.45€. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 23, 2024, and so far it has fallen -1.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for SIPEF group stock

SIPEF group finds support from accumulated volume at 56.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.800€ between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.35%

Our recommended stop-loss: 54.07€ (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SIP.BB) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect SIPEF group to open at 56.87€, and during the day (based on 14 day Average True Range), to move between 55.77€ and 57.43€, which gives a possible trading interval of +/-0.83€ (+/-1.46%) up or down from last closing price. If SIPEF group takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 57.00€ (0.71%) than the support at 56.00€ (1.06%), 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 SIPEF group stock A Buy?

SIPEF group 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: 0.396 Hold/Accumulate Unchanged

Predicted Opening Price for SIPEF group of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.