Smurfit Kappa Group Plc Stock Forecast
Red day on Tuesday for Smurfit Kappa Group Plc stock after losing 1.97%
(Updated on Jul 02, 2024)
The Smurfit Kappa Group Plc stock price fell by -1.97% on the last day (Tuesday, 2nd Jul 2024) from $44.56 to $43.68. During the last trading day the stock fluctuated 3.21% from a day low at $43.68 to a day high of $45.08. The price has been going up and down for this period, and there has been a -4% loss for the last 2 weeks. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 70 thousand shares were bought and sold for approximately $3.06 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $43.99. A reaction back to this level may hold a second chance to get out before further falls.
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SMFKY Signals & Forecast
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. The Smurfit Kappa Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $45.07 and $47.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -8.02%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Smurfit Kappa Group Plc stock
Smurfit Kappa Group Plc finds support from accumulated volume at $43.60 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 $1.40 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMFKY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Smurfit Kappa Group Plc to open at $44.15, and during the day (based on 14 day Average True Range), to move between $42.48 and $44.88, which gives a possible trading interval of +/-$1.20 (+/-2.75%) up or down from last closing price. If Smurfit Kappa Group Plc takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $43.60 (0.18%) than the resistance at $44.64 (2.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Smurfit Kappa Group Plc stock A Buy?
The Smurfit Kappa Group Plc stock holds several negative signals and despite the positive trend, we believe Smurfit Kappa Group Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.372 Sell Candidate Unchanged
Predicted Opening Price for Smurfit Kappa Group Plc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$44.15 ( 1.07%) | $43.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMFKY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 45.55 | 4.27% |
R2 | 45.01 | 3.05% |
R1 | 44.68 | 2.29% |
Price | 43.68 | |
S1 | 43.61 | -0.156% |
S2 | 43.28 | -0.91% |
S3 | 42.75 | -2.14% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 46.32 | 6.04% |
R2 | 46.22 | 5.82% |
R1 | 44.64 | 2.20% |
Price | 43.68 | |
S1 | 43.60 | -0.183% |
S2 | 43.20 | -1.10% |
S3 | 42.99 | -1.58% |
SMFKY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | May 28, 2024 | $0.91 | 1.86% |
2 | Sep 07, 2023 | Sep 28, 2023 | Nov 13, 2023 | $0.359 | 1.04% |
3 | Jul 12, 2023 | Apr 13, 2023 | May 30, 2023 | $1.15 | 3.16% |
4 | Sep 22, 2022 | Sep 29, 2022 | Nov 14, 2022 | $0.316 | 0.83% |
5 | Apr 01, 2022 | Apr 07, 2022 | May 23, 2022 | $1.09 | 2.82% |
FAQ
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