The Simply Good Foods Company Stock Forecast
The Simply Good Foods Company stock price ended at $35.80 on Tuesday, after gaining 0.0839%.
(Updated on Jul 02, 2024)
The The Simply Good Foods Company stock price gained 0.0839% on the last trading day (Tuesday, 2nd Jul 2024), rising from $35.77 to $35.80. During the last trading day the stock fluctuated 2.06% from a day low at $35.46 to a day high of $36.19. The price has been going up and down for this period, and there has been a -0.8% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 100 thousand more shares were traded than the day before. In total, 814 thousand shares were bought and sold for approximately $29.13 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $35.79 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 13.09% during the next 3 months and, with a 90% probability hold a price between $40.47 and $45.30 at the end of this 3-month period.
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SMPL Signals & Forecast
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 The Simply Good Foods Company 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 $36.19 and $37.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -6.99%. 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).
Support, Risk & Stop-loss for The Simply Good Foods Company stock
The Simply Good Foods Company finds support from accumulated volume at $35.69 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 $0.730 between high and low, or 2.06%. For the last week the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMPL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The Simply Good Foods Company to open at $35.82, and during the day (based on 14 day Average True Range), to move between $34.86 and $36.74, which gives a possible trading interval of +/-$0.94 (+/-2.62%) up or down from last closing price. If The Simply Good Foods Company takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.69 (0.31%) than the resistance at $36.13 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Simply Good Foods Company stock A Buy?
The The Simply Good Foods Company stock holds several negative signals and despite the positive trend, we believe The Simply Good Foods Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.285 Sell Candidate Unchanged
Predicted Opening Price for The Simply Good Foods Company of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $35.82 ( 0.0466%) | $35.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMPL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.55 | 2.09% |
| R2 | 36.27 | 1.31% |
| R1 | 36.10 | 0.83% |
| Price | 35.80 | |
| S1 | 35.54 | -0.732% |
| S2 | 35.37 | -1.21% |
| S3 | 35.09 | -1.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.75 | 2.65% |
| R2 | 36.45 | 1.82% |
| R1 | 36.13 | 0.92% |
| Price | 35.80 | |
| S1 | 35.69 | -0.307% |
| S2 | 33.81 | -5.56% |
| S3 | 32.73 | -8.58% |
SMPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2015 | Feb 10, 2015 | Feb 20, 2015 | $0.0900 | 0% |
| 2 | Oct 30, 2014 | Nov 06, 2014 | Nov 26, 2014 | $0.0900 | 0% |
| 3 | Jul 31, 2014 | Aug 13, 2014 | Aug 28, 2014 | $0.0900 | 0% |
| 4 | May 01, 2014 | May 13, 2014 | May 30, 2014 | $0.0900 | 0% |
| 5 | Jan 30, 2014 | Feb 12, 2014 | Feb 28, 2014 | $0.0800 | 0% |
FAQ
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