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Suburban Propane Partners LP Stock Forecast NYSE:SPH

$14.82 (-0.60%)

Volume: 301k

Closed: Dec 08, 2021

Hollow Logo Score: -1.649

Suburban Propane Partners LP Stock Forecast

$14.82 (-0.60%)

Volume: 301k

Closed: Dec 08, 2021

Score Hollow Logo -1.649
Which way will SPH go? Request
Key Stats
Beta 0.29
Trailing Dividend Rate 8.14% ($1.21)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 42 and the stock is currently not being overbought or oversold

Suburban Propane Partners LP stock price down 0.6% on Wednesday
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-06 Loss -0.60%

The Suburban Propane Partners LP stock price fell by -0.60% on the last day (Wednesday, 8th Dec 2021) from $14.91 to $14.82. During the day the stock fluctuated 1.42% from a day low at $14.79 to a day high of $15.00. The price has fallen in 6 of the last 10 days and is down by -1.92% for this period. 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 -326 thousand shares and in total, 301 thousand shares were bought and sold for approximately $4.46 million.

The stock lies in the middle of a 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 -2.94% during the next 3 months and, with a 90% probability hold a price between $13.97 and $15.42 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 2.63%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Suburban Propane Partners LP stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $15.29. On a fall, the stock will find some support from the short-term average at $14.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Suburban Propane Partners LP finds support from accumulated volume at $14.75 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 $0.21 between high and low, or 1.42%. For the last week the stock has had a daily average volatility of 2.06%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Suburban Propane Partners LP stock A Buy?

Suburban Propane Partners LP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.649

Predicted Opening Price for Suburban Propane Partners LP of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$14.87 $14.82 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

Wells Fargo & Company does not see either upside or downside right now giving SPH "Equal Weight" on their last update on May 19, 2021. The price target was changed from $18.00 to $16.00.

Volatility and Risk
Daily Average Volatility: 2.06 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.06 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $14.91
Price: $14.82
Support: $14.75

SPH Insider Trading Show all Trades

INSIDER POWER

3.369

Last 100 transactions
Buy: 1 240 966 | Sell: 368 381 (Shares)
Date Action Amount Person Type
Dec 03, 2021 Sell 5 000 Schueler Michael A Common Units (representing limited partnership interests)
Dec 02, 2021 Sell 5 000 Schueler Michael A Common Units (representing limited partnership interests)
Nov 16, 2021 Sell 16 261 Swift Jane Common Units (representing limited partnership interests)
Nov 15, 2021 Buy 22 316 Swift Jane Common Units (representing limited partnership interests)
Nov 15, 2021 Buy 31 879 Koepke Bryon L Common Units (representing limited partnership interests)
Show all Insider Trades
INSIDER POWER

3.369

Last 100 transactions
Buy: 1 240 966 | Sell: 368 381 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 15.08 1.75 %
15.00 1.21 %
14.95 0.88 %
Current price: 14.82
Support 14.79 -0.20 %
14.74 -0.54 %
14.66 -1.08 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 15.43 4.12 %
15.26 2.97 %
14.91 0.61 %
Current price 14.82
Support 14.75 -0.47%
14.52 -2.02%
14.44 -2.56%

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About Suburban Propane Partners LP

Suburban Propane Partners LP Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users. This segment offers propane primarily for space heating, water heating, cooking, and clothes dryi... Read more

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