SS&C Technologies Holdings Stock Forecast
Green day on Friday for SS&C Technologies Holdings
(Updated on May 03, 2024)
The SS&C Technologies Holdings stock price gained 0.471% on the last trading day (Friday, 3rd May 2024), rising from $61.52 to $61.81. During the last trading day the stock fluctuated 1.56% from a day low at $61.40 to a day high of $62.36. The price has been going up and down for this period, and there has been a 1.63% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 763 thousand shares were bought and sold for approximately $47.14 million.
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 SS&C Technologies Holdings stock with a 90% probability to be traded between $58.52 and $62.75 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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SSNC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.19%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SS&C Technologies Holdings 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 $62.26. On a fall, the stock will find some support from the short-term average at $61.56. 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.
Support, Risk & Stop-loss for SS&C Technologies Holdings stock
SS&C Technologies Holdings finds support from accumulated volume at $61.54 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 $0.96 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SSNC) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SS&C Technologies Holdings to open at $61.86, and during the day (based on 14 day Average True Range), to move between $60.83 and $62.79, which gives a possible trading interval of +/-$0.98 (+/-1.58%) up or down from last closing price. If SS&C Technologies Holdings takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.99 (0.29%) than the support at $61.54 (0.44%), 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 SS&C Technologies Holdings stock A Buy?
SS&C Technologies Holdings 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: -1.218 Sell Candidate Unchanged
Predicted Opening Price for SS&C Technologies Holdings of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $61.86 ( 0.0755%) | $61.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSNC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.82 | 1.63 % | |
| R2 | 62.45 | 1.04 % | ||
| R1 | 62.22 | 0.669 % | ||
| Current price: | 61.81 | |||
| Support | S1 | 61.49 | -0.518 % | |
| S2 | 61.26 | -0.88 % | ||
| S3 | 60.90 | -1.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.40 | 4.19 % | |
| R2 | 63.07 | 2.04 % | ||
| R1 | 61.99 | 0.291 % | ||
| Current price | 61.81 | |||
| Support | S1 | 61.54 | -0.437% | |
| S2 | 61.24 | -0.92% | ||
| S3 | 60.15 | -2.69% |
SSNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.240 | 0.387% |
| 2 | Nov 15, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.240 | 0.399% |
| 3 | Aug 18, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.240 | 0.433% |
| 4 | May 17, 2023 | May 31, 2023 | Jun 15, 2023 | $0.200 | 0.332% |
| 5 | Feb 10, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.200 | 0.372% |
FAQ
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