Schoeller-Bleckmann Oilfield Equipment Stock Forecast
Stronger technical forecast for Schoeller-Bleckmann Oilfield Equipment stock price after Monday trading.
(Updated on May 20, 2024)
The Schoeller-Bleckmann Oilfield Equipment stock price gained 0.443% on the last trading day (Monday, 20th May 2024), rising from 45.15€ to 45.35€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.551% from a day low at 45.35€ to a day high of 45.60€. The price has risen in 8 of the last 10 days and is up by 6.71% 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, 195 more shares were traded than the day before. In total, 507 shares were bought and sold for approximately 22.99€ thousand.
The stock lies in the middle of a wide and weak 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 9.90% during the next 3 months and, with a 90% probability hold a price between 47.01€ and 55.06€ at the end of this 3-month period.
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SLL.DE Signals & Forecast
The Schoeller-Bleckmann Oilfield Equipment stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 44.77€ and 45.31€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 8.10%. Further rise is indicated until a new top pivot has been found. Schoeller-Bleckmann Oilfield Equipment has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Schoeller-Bleckmann Oilfield Equipment stock
Schoeller-Bleckmann Oilfield Equipment finds support from accumulated volume at 44.50€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.250€ between high and low, or 0.551%. For the last week, the stock has had daily average volatility of 0.312%.
Our recommended stop-loss: 42.90€ (-5.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (SLL.DE) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft to open at 45.43€, and during the day (based on 14 day Average True Range), to move between 44.70€ and 46.00€, which gives a possible trading interval of +/-0.654€ (+/-1.44%) up or down from last closing price. If Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 45.90€ (1.21%) than the support at 44.50€ (1.87%), 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.
Earnings coming up
Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.26% in the first trading day after earnings release.
Is Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft 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 Schoeller-Bleckmann Oilfield Equipment stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.137 Buy Candidate Upgraded
Predicted Opening Price for Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 45.43€ ( 0.184%) | 45.35€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLL.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.68 | 0.735 % | |
| R2 | 45.59 | 0.524 % | ||
| R1 | 45.53 | 0.394 % | ||
| Current price: | 45.35 | |||
| Support | S1 | 45.34 | -0.0268 % | |
| S2 | 45.28 | -0.157 % | ||
| S3 | 45.18 | -0.368 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.10 | 3.86 % | |
| R2 | 46.10 | 1.65 % | ||
| R1 | 45.90 | 1.21 % | ||
| Current price | 45.35 | |||
| Support | S1 | 44.50 | -1.87% | |
| S2 | 44.00 | -2.98% | ||
| S3 | 42.80 | -5.62% |
SLL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 08, 2024 | 2.00€ | 4.67% |
| 2 | May 23, 2023 | May 23, 2023 | May 23, 2023 | 2.00€ | 3.80% |
| 3 | May 17, 2022 | May 17, 2022 | May 17, 2022 | 0.750€ | 1.32% |
| 4 | Nov 18, 2019 | May 12, 2020 | May 14, 2020 | 1.20€ | 5.01% |
| 5 | Mar 19, 2019 | May 21, 2019 | May 23, 2019 | 1.00€ | 1.40% |
FAQ
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