SiriusPoint Ltd. Stock Forecast
SiriusPoint Ltd. stock price down 0.579% on Monday
(Updated on Apr 29, 2024)
The SiriusPoint Ltd. stock price fell by -0.579% on the last day (Monday, 29th Apr 2024) from $12.08 to $12.01. During the last trading day the stock fluctuated 2.31% from a day low at $11.93 to a day high of $12.20. The price has risen in 6 of the last 10 days and is up by 1.69% over the past 2 weeks. 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 -173 thousand shares and in total, 455 thousand shares were bought and sold for approximately $5.47 million.
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 3.58% during the next 3 months and, with a 90% probability hold a price between $12.14 and $13.50 at the end of this 3-month period.
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SPNT Signals & Forecast
The SiriusPoint Ltd. 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 $12.10 and $12.31. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.09%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for SiriusPoint Ltd. stock
SiriusPoint Ltd. finds support from accumulated volume at $11.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.275 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: $11.34 (-5.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (SPNT) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect SiriusPoint Ltd. to open at $12.05, and during the day (based on 14 day Average True Range), to move between $11.71 and $12.31, which gives a possible trading interval of +/-$0.300 (+/-2.50%) up or down from last closing price. If SiriusPoint Ltd. takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.16 (1.25%) than the support at $11.81 (1.67%), 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.
Earnings coming up
SiriusPoint Ltd. will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.350. We will update the financials statements for SiriusPoint Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.97% in the first trading day after earnings release.
Is SiriusPoint Ltd. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.635 Buy Candidate Unchanged
Predicted Opening Price for SiriusPoint Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $12.05 ( 0.291%) | $12.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPNT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.32 | 2.58 % | |
| R2 | 12.21 | 1.71 % | ||
| R1 | 12.15 | 1.17 % | ||
| Current price: | 12.01 | |||
| Support | S1 | 11.94 | -0.583 % | |
| S2 | 11.88 | -1.12 % | ||
| S3 | 11.77 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.54 | 4.41 % | |
| R2 | 12.21 | 1.67 % | ||
| R1 | 12.16 | 1.25 % | ||
| Current price | 12.01 | |||
| Support | S1 | 11.81 | -1.67% | |
| S2 | 11.80 | -1.75% | ||
| S3 | 11.39 | -5.16% |
SPNT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 13, 2021 | Aug 13, 2021 | Aug 13, 2021 | $0.500 | 5.06% |
FAQ
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