Smurfit Kappa Group Plc Stock Forecast
Evaluation of Smurfit Kappa Group Plc stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Smurfit Kappa Group Plc stock price fell by -2.20% on the last day (Tuesday, 25th Jun 2024) from $46.75 to $45.72. During the last trading day the stock fluctuated 2.45% from a day low at $45.72 to a day high of $46.84. The price has been going up and down for this period, and there has been a -1.17% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -88 thousand shares and in total, 27 thousand shares were bought and sold for approximately $1.23 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $44.47 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.35% during the next 3 months and, with a 90% probability hold a price between $47.30 and $53.96 at the end of this 3-month period.
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SMFKY Signals & Forecast
There are few to no technical positive signals at the moment. 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 $46.00 and $47.52. 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 -3.73%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Smurfit Kappa Group Plc stock
Smurfit Kappa Group Plc finds support from accumulated volume at $45.64 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.12 between high and low, or 2.45%. For the last week the stock has had daily average volatility of 2.63%.
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 26th
For the upcoming trading day on Wednesday, 26th we expect Smurfit Kappa Group Plc to open at $46.09, and during the day (based on 14 day Average True Range), to move between $44.54 and $46.90, which gives a possible trading interval of +/-$1.18 (+/-2.58%) 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 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $45.64 (0.17%) than the resistance at $45.93 (0.46%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.444 Sell Candidate Downgraded
Predicted Opening Price for Smurfit Kappa Group Plc of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$46.09 ( 0.82%) | $45.72 |
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 | 47.21 | 3.27% |
R2 | 46.79 | 2.33% |
R1 | 46.52 | 1.75% |
Price | 45.72 | |
S1 | 45.67 | -0.119% |
S2 | 45.40 | -0.697% |
S3 | 44.97 | -1.63% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 46.32 | 1.31% |
R2 | 46.22 | 1.09% |
R1 | 45.93 | 0.459% |
Price | 45.72 | |
S1 | 45.64 | -0.175% |
S2 | 45.58 | -0.308% |
S3 | 44.64 | -2.36% |
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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