Silver Chef Limited Stock Forecast
Evaluation of Silver Chef Limited stock downgraded after the last trading session.
(Updated on May 29, 2024)
No changes to the price of Silver Chef Limited stock on the last trading day (Wednesday, 29th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.160 to a day high of $0.160. The price has been going up and down for this period, and there has been a 3.23% gain for the last 2 weeks.
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 -7.62% during the next 3 months and, with a 90% probability hold a price between $0.128 and $0.154 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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SIV.AX Signals & Forecast
The Silver Chef Limited 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 $0.156 and $0.152. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.34%. 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 Silver Chef Limited stock
Silver Chef Limited finds support from accumulated volume at $0.155 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 controlled movements and therefore the general risk is considered 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: $0.154 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (SIV.AX) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Silver Chef Limited to open at $0.160, and during the day (based on 14 day Average True Range), to move between $0.159 and $0.161, which gives a possible trading interval of +/-$0.0014 (+/-0.87%) up or down from last closing price. If Silver Chef Limited takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.165 (3.13%) than the support at $0.155 (3.13%), 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 Silver Chef Limited stock A Buy?
Silver Chef Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.343 Hold/Accumulate Downgraded
Predicted Opening Price for Silver Chef Limited of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $0.160 ( 0%) | $0.160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIV.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.160 | . | |
| R2 | 0.160 | . | ||
| R1 | 0.160 | . | ||
| Current price: | 0.160 | |||
| Support | S1 | 0.160 | . | |
| S2 | 0.160 | . | ||
| S3 | 0.160 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.180 | 12.50 % | ||
| R1 | 0.165 | 3.13 % | ||
| Current price | 0.160 | |||
| Support | S1 | 0.155 | -3.13% | |
| S2 | 0.150 | -6.25% | ||
| S3 | 0.145 | -9.38% |
SIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2022 | Aug 29, 2022 | Aug 29, 2022 | $0.0600 | 31.58% |
| 2 | May 01, 2020 | Jun 10, 2020 | Jun 18, 2020 | $0.300 | 80.00% |
| 3 | Feb 26, 2018 | Apr 05, 2018 | Apr 20, 2018 | $0.100 | 2.86% |
| 4 | Aug 28, 2017 | Sep 07, 2017 | Oct 03, 2017 | $0.251 | 3.56% |
| 5 | Feb 21, 2017 | Mar 16, 2017 | Mar 31, 2017 | $0.128 | 1.75% |
FAQ
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