Sompo Holdings, Inc. Stock Forecast
Green day on Friday for Sompo Holdings, Inc. stock after gaining 1.42%
(Updated on Jun 28, 2024)
The Sompo Holdings, Inc. stock price gained 1.42% on the last trading day (Friday, 28th Jun 2024), rising from $10.54 to $10.69. During the last trading day the stock fluctuated 1.78% from a day low at $10.69 to a day high of $10.88. The price has been going up and down for this period, and there has been a 2.79% gain 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, 586 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $43.53 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 3.37% during the next 3 months and, with a 90% probability hold a price between $9.85 and $11.74 at the end of this 3-month period.
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SMPNY Signals & Forecast
The Sompo Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.47 and $10.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 5.95%. Further rise is indicated until a new top pivot has been found. Sompo Holdings, Inc. 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 Sompo Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.89 and $9.82. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sompo Holdings, Inc. finds support just below today's level at $9.89. If this is broken, then the next support from accumulated volume will be at $9.82 and $9.73.
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 $0.190 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: $10.09 (-5.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (SMPNY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sompo Holdings, Inc. to open at $10.75, and during the day (based on 14 day Average True Range), to move between $10.37 and $11.01, which gives a possible trading interval of +/-$0.324 (+/-3.03%) up or down from last closing price. If Sompo Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 6.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.83 (1.31%) than the support at $9.89 (7.48%), 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 Sompo Holdings, Inc. 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 Sompo Holdings, Inc. stock to perform well in the short-term.
Current score: 1.230 Buy Candidate Unchanged
Predicted Opening Price for Sompo Holdings, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $10.75 ( 0.592%) | $10.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMPNY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.94 | 2.37% |
| R2 | 10.87 | 1.69% |
| R1 | 10.83 | 1.27% |
| Price | 10.69 | |
| S1 | 10.68 | -0.0865% |
| S2 | 10.64 | -0.506% |
| S3 | 10.56 | -1.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.25 | 5.24% |
| R2 | 10.89 | 1.87% |
| R1 | 10.83 | 1.31% |
| Price | 10.69 | |
| S1 | 9.89 | -7.48% |
| S2 | 9.82 | -8.14% |
| S3 | 9.73 | -8.98% |
SMPNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 06, 2023 | Sep 28, 2023 | Dec 19, 2023 | $0.0034 | 0.0436% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 12, 2023 | $0.0034 | 0.0432% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 20, 2022 | $0.0033 | 0.0455% |
| 4 | Mar 29, 2022 | Mar 29, 2022 | Jul 13, 2022 | $0.0031 | 0.0425% |
| 5 | Sep 28, 2021 | Sep 28, 2021 | Dec 21, 2021 | $0.0041 | 0.0575% |
FAQ
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