Organización Soriana, S. A. B. de C. V. Stock Forecast
Organización Soriana, S. A. B. de C. V. stock price up 0.331% on Thursday
(Updated on May 09, 2024)
The Organización Soriana, S. A. B. de C. V. stock price gained 0.331% on the last trading day (Thursday, 9th May 2024), rising from $33.27 to $33.38. During the last trading day the stock fluctuated 1.83% from a day low at $33.38 to a day high of $33.99. The price has risen in 5 of the last 10 days but is still down by -1.5% for this period. Volume fell on the last day by -264 shares and in total, 347 shares were bought and sold for approximately $11.58 thousand. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Organización Soriana, S. A. B. de C. V. stock with a 90% probability to be traded between $32.43 and $34.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SORIANAB.MX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 0.331%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Organización Soriana, S. A. B. de C. V. 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 $33.78 and $33.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Organización Soriana, S. A. B. de C. V. stock
Organización Soriana, S. A. B. de C. V. finds support from accumulated volume at $33.22 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.610 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 1.32%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SORIANAB.MX) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Organización Soriana, S. A. B. de C. V. to open at $33.58, and during the day (based on 14 day Average True Range), to move between $32.89 and $33.87, which gives a possible trading interval of +/-$0.487 (+/-1.46%) up or down from last closing price. If Organización Soriana, S. A. B. de C. V. takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.40 (0.06%) than the support at $33.22 (0.48%), 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 Organización Soriana, S. A. B. de C. V. stock A Buy?
Organización Soriana, S. A. B. de C. V. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.648 Sell Candidate Unchanged
Predicted Opening Price for Organización Soriana, S. A. B. de C. V. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $33.58 ( 0.609%) | $33.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SORIANAB.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.19 | 2.44 % | |
| R2 | 33.96 | 1.74 % | ||
| R1 | 33.82 | 1.31 % | ||
| Current price: | 33.38 | |||
| Support | S1 | 33.35 | -0.0889 % | |
| S2 | 33.21 | -0.520 % | ||
| S3 | 32.97 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.94 | 1.68 % | |
| R2 | 33.45 | 0.210 % | ||
| R1 | 33.40 | 0.0599 % | ||
| Current price | 33.38 | |||
| Support | S1 | 33.22 | -0.479% | |
| S2 | 33.08 | -0.90% | ||
| S3 | 32.80 | -1.74% |
SORIANAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | $0.556 | 1.69% |
| 2 | Dec 13, 2021 | Dec 13, 2021 | Dec 13, 2021 | $0.556 | 2.44% |
| 3 | Aug 15, 2014 | Aug 15, 2014 | Aug 15, 2014 | $0.389 | 0.89% |
| 4 | Aug 24, 2012 | Aug 24, 2012 | Aug 24, 2012 | $0.278 | 0.692% |
| 5 | Jul 26, 2010 | Jul 26, 2010 | Jul 26, 2010 | $0.193 | 0.562% |
FAQ
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