Sun Life Financial Inc Stock Forecast
Green day on Tuesday for Sun Life Financial Inc stock after gaining 0.493%
(Updated on Jul 02, 2024)
The Sun Life Financial Inc stock price gained 0.493% on the last trading day (Tuesday, 2nd Jul 2024), rising from $48.72 to $48.96. During the last trading day the stock fluctuated 1.07% from a day low at $48.54 to a day high of $49.06. The price has risen in 6 of the last 10 days and is up by 2.32% 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, 106 thousand more shares were traded than the day before. In total, 301 thousand shares were bought and sold for approximately $14.72 million.
The stock lies in the middle of a 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 -8.22% during the next 3 months and, with a 90% probability hold a price between $42.77 and $46.85 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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SLF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 3.12%. 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). 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. The Sun Life Financial Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $49.52. On a fall, the stock will find some support from the short-term average at $48.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Sun Life Financial Inc stock
Sun Life Financial Inc finds support from accumulated volume at $48.93 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.520 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SLF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sun Life Financial Inc to open at $48.85, and during the day (based on 14 day Average True Range), to move between $48.23 and $49.69, which gives a possible trading interval of +/-$0.733 (+/-1.50%) up or down from last closing price. If Sun Life Financial Inc takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.93 (0.06%) than the resistance at $49.45 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sun Life Financial Inc stock A Buy?
Sun Life Financial Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.261 Sell Candidate Unchanged
Predicted Opening Price for Sun Life Financial Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $48.85 ( 0.218%) | $48.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.37 | 0.84% |
| R2 | 49.17 | 0.439% |
| R1 | 49.05 | 0.188% |
| Price | 48.96 | |
| S1 | 48.65 | -0.624% |
| S2 | 48.53 | -0.87% |
| S3 | 48.33 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.05 | 4.27% |
| R2 | 50.56 | 3.27% |
| R1 | 49.45 | 1.00% |
| Price | 48.96 | |
| S1 | 48.93 | -0.0613% |
| S2 | 47.57 | -2.84% |
| S3 | 47.48 | -3.02% |
SLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 29, 2024 | Jun 28, 2024 | $0.592 | 1.21% |
| 2 | Feb 07, 2024 | Feb 27, 2024 | Mar 28, 2024 | $0.579 | 1.06% |
| 3 | Aug 09, 2023 | Nov 28, 2023 | Dec 29, 2023 | $0.570 | 1.10% |
| 4 | Aug 08, 2023 | Aug 29, 2023 | Sep 29, 2023 | $0.552 | 1.13% |
| 5 | May 11, 2023 | May 30, 2023 | Jun 30, 2023 | $0.552 | 1.06% |
FAQ
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