SiriusPoint Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Monday for SiriusPoint Ltd. stock after losing 0.313%
(Updated on May 20, 2024)
The SiriusPoint Ltd. stock price fell by -0.313% on the last day (Monday, 20th May 2024) from $12.79 to $12.75. During the last trading day the stock fluctuated 1.57% from a day low at $12.70 to a day high of $12.90. The price has risen in 7 of the last 10 days and is up by 4.08% over the past 2 weeks. Volume has increased on the last day by 246 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, 529 thousand shares were bought and sold for approximately $6.74 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 2.70% during the next 3 months and, with a 90% probability hold a price between $12.10 and $13.44 at the end of this 3-month period.
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SPNT Signals & Forecast
The SiriusPoint Ltd. 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 $12.65 and $12.30. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -0.313%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for SiriusPoint Ltd. stock
SiriusPoint Ltd. finds support from accumulated volume at $12.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.200 (1.57%) between high and low. For the last week, the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: $12.44 (-2.47%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (SPNT) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect SiriusPoint Ltd. to open at $12.78, and during the day (based on 14 day Average True Range), to move between $12.50 and $13.00, which gives a possible trading interval of +/-$0.247 (+/-1.94%) up or down from last closing price. If SiriusPoint Ltd. takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.77 (0.16%) than the support at $12.54 (1.65%), 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?
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 SiriusPoint Ltd. stock to perform well in the short-term.
Current score: 1.749 Buy Candidate Unchanged
Predicted Opening Price for SiriusPoint Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $12.78 ( 0.261%) | $12.75 |
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 | 12.98 | 1.83 % | |
| R2 | 12.91 | 1.23 % | ||
| R1 | 12.86 | 0.86 % | ||
| Current price: | 12.75 | |||
| Support | S1 | 12.71 | -0.338 % | |
| S2 | 12.66 | -0.708 % | ||
| S3 | 12.58 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.89 | 1.10 % | |
| R2 | 12.79 | 0.314 % | ||
| R1 | 12.77 | 0.157 % | ||
| Current price | 12.75 | |||
| Support | S1 | 12.54 | -1.65% | |
| S2 | 12.21 | -4.24% | ||
| S3 | 12.17 | -4.55% |
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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