SIPEF group Stock Forecast
Stronger technical forecast for SIPEF group stock price after Friday trading.
(Updated on May 03, 2024)
The SIPEF group stock price gained 0.353% on the last trading day (Friday, 3rd May 2024), rising from 56.60€ to 56.80€. During the last trading day the stock fluctuated 0.707% from a day low at 56.60€ to a day high of 57.00€. The price has risen in 6 of the last 10 days and is up by 1.43% over the past 2 weeks. Volume fell on the last day by -622 shares and in total, 1 thousand shares were bought and sold for approximately 63.50€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.63% during the next 3 months and, with a 90% probability hold a price between 64.42€ and 68.70€ at the end of this 3-month period.
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SIP.BB Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.05%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. 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 56.69€ and 55.05€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SIPEF group stock
SIPEF group finds support from accumulated volume at 56.40€ 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 0.400€ between high and low, or 0.707%. For the last week the stock has had daily average volatility of 0.92%
Our recommended stop-loss: 54.75€ (-3.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (SIP.BB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SIPEF group to open at 56.80€, and during the day (based on 14 day Average True Range), to move between 56.07€ and 57.53€, which gives a possible trading interval of +/-0.728€ (+/-1.28%) up or down from last closing price. If SIPEF group takes out the full calculated possible swing range there will be an estimated 2.56% 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€ (0.35%) than the support at 56.40€ (0.70%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SIPEF group stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.367 Buy Candidate Upgraded
Predicted Opening Price for SIPEF group of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 56.80€ ( 0.00000000%) | 56.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIP.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.20 | 0.704 % | |
| R2 | 57.05 | 0.435 % | ||
| R1 | 56.95 | 0.269 % | ||
| Current price: | 56.80 | |||
| Support | S1 | 56.65 | -0.269 % | |
| S2 | 56.55 | -0.435 % | ||
| S3 | 56.40 | -0.704 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 57.40 | 1.06 % | ||
| R1 | 57.00 | 0.352 % | ||
| Current price | 56.80 | |||
| Support | S1 | 56.40 | -0.704% | |
| S2 | 56.00 | -1.41% | ||
| S3 | 53.00 | -6.69% |
SIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 03, 2024 | 1.40€ | 0% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | 3.00€ | 0% |
| 3 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | 3.00€ | 0% |
| 4 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | 2.00€ | 0% |
| 5 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | 2.00€ | 0% |
FAQ
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