Scotts Miracle-Gro Company (The) Stock Forecast

Buy candidate since Jan 21, 2025

The Scotts Miracle-Gro Company (The) stock price gained 1.20% on the last trading day (Tuesday, 21st Jan 2025), rising from $70.23 to $71.07. During the last trading day the stock fluctuated 1.26% from a day low at $70.85 to a day high of $71.74. The price has risen in 6 of the last 10 days and is up by 6.7% over the past 2 weeks. Volume fell on the last day by -174 thousand shares and in total, 314 thousand shares were bought and sold for approximately $22.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very 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 -21.48% during the next 3 months and, with a 90% probability hold a price between $47.61 and $59.76 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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SMG Signals & Forecast

Mostly positive signals in the chart today. The Scotts Miracle-Gro Company (The) 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 $69.46 and $70.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, December 30, 2024, and so far it has risen 9.10%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Scotts Miracle-Gro Company (The) stock

Scotts Miracle-Gro Company (The) finds support from accumulated volume at $68.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.89 (1.26%) between high and low. For the last week, the stock has had daily average volatility of 2.51%.

Our recommended stop-loss: $68.35 (-3.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (SMG) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Scotts Miracle-Gro Company (The) to open at $71.22, and during the day (based on 14 day Average True Range), to move between $69.05 and $73.09, which gives a possible trading interval of +/-$2.02 (+/-2.84%) up or down from last closing price. If Scotts Miracle-Gro Company (The) takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $72.59 (2.14%) than the support at $68.52 (3.59%), 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 Scotts Miracle-Gro Company (The) stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.894 Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $71.22 ( 0.211%).