Siriuspoint Ltd. Stock Forecast
Siriuspoint Ltd. stock price ended at $25.19 on Tuesday, after losing 0.0991%.
(Updated on Jun 25, 2024)
The Siriuspoint Ltd. stock price fell by -0.0991% on the last day (Tuesday, 25th Jun 2024) from $25.22 to $25.19. During the last trading day the stock fluctuated 0.219% from a day low at $25.16 to a day high of $25.22. The price has fallen in 5 of the last 10 days and is down by -0.12% for this period. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately $431.23 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Siriuspoint Ltd. stock with a 90% probability to be traded between $25.16 and $25.31 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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SPNT-PB Signals & Forecast
The Siriuspoint Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $25.17 and $25.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.199%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Siriuspoint Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Siriuspoint Ltd. stock
Siriuspoint Ltd. finds support from accumulated volume at $25.15 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 $0.0550 between high and low, or 0.219%. For the last week the stock has had daily average volatility of 0.314%.
Our recommended stop-loss: $23.44 (-6.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SPNT-PB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Siriuspoint Ltd. to open at $25.19, and during the day (based on 14 day Average True Range), to move between $25.10 and $25.28, which gives a possible trading interval of +/-$0.0860 (+/-0.34%) up or down from last closing price. If Siriuspoint Ltd. takes out the full calculated possible swing range there will be an estimated 0.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.20 (0.04%) than the support at $25.15 (0.16%), 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 Siriuspoint Ltd. stock A Buy?
Siriuspoint Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.598 Hold/Accumulate Unchanged
Predicted Opening Price for Siriuspoint Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $25.19 ( 0.0066%) | $25.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPNT-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.24 | 0.212% |
| R2 | 25.22 | 0.128% |
| R1 | 25.21 | 0.0768% |
| Price | 25.19 | |
| S1 | 25.17 | -0.0900% |
| S2 | 25.15 | -0.142% |
| S3 | 25.13 | -0.225% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.29 | 0.397% |
| R2 | 25.21 | 0.0794% |
| R1 | 25.20 | 0.0397% |
| Price | 25.19 | |
| S1 | 25.15 | -0.159% |
| S2 | 25.14 | -0.198% |
| S3 | 25.09 | -0.397% |
SPNT-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.500 | 1.99% |
| 2 | Feb 13, 2024 | Feb 13, 2024 | Feb 13, 2024 | $0.500 | 2.01% |
| 3 | Nov 14, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.500 | 1.96% |
| 4 | Aug 14, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.500 | 2.01% |
| 5 | May 12, 2023 | May 12, 2023 | May 31, 2023 | $0.500 | 2.06% |
FAQ
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