Subsea 7 S.A. Stock Forecast
Red day on Tuesday for Subsea 7 S.A.
(Updated on Jun 25, 2024)
The Subsea 7 S.A. stock price fell by -1.18% on the last day (Tuesday, 25th Jun 2024) from $18.65 to $18.43. During the last trading day the stock fluctuated 0% from a day low at $18.43 to a day high of $18.43. The price has been going up and down for this period, and there has been a 5.86% gain for the last 2 weeks. Volume has increased on the last day by 14 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, 1 thousand shares were bought and sold for approximately $20.27 thousand.
The stock lies in the middle of a strong 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 14.91% during the next 3 months and, with a 90% probability hold a price between $20.02 and $21.48 at the end of this 3-month period.
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SUBCY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Subsea 7 S.A. 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". The very low volume increases the risk and reduces the other technical signals issued. The Subsea 7 S.A. 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 $18.20 and $17.65. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Subsea 7 S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.79 and $16.53. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Subsea 7 S.A. finds support just below today's level at $16.79. If this is broken, then the next support from accumulated volume will be at $16.53 and $16.37.
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 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.296%.
Our recommended stop-loss: $17.89 (-2.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (SUBCY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Subsea 7 S.A. to open at $18.43, and during the day (based on 14 day Average True Range), to move between $18.13 and $18.73, which gives a possible trading interval of +/-$0.299 (+/-1.62%) up or down from last closing price. If Subsea 7 S.A. takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.48 (0.27%) than the support at $16.79 (8.90%), 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 Subsea 7 S.A. 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 Subsea 7 S.A. stock to perform well in the short-term.
Current score: 3.804 Buy Candidate Unchanged
Predicted Opening Price for Subsea 7 S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $18.43 ( 0%) | $18.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUBCY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.43 | - |
| R2 | 18.43 | - |
| R1 | 18.43 | - |
| Price | 18.43 | |
| S1 | 18.43 | - |
| S2 | 18.43 | - |
| S3 | 18.43 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.65 | 1.19% |
| R2 | 18.54 | 0.597% |
| R1 | 18.48 | 0.271% |
| Price | 18.43 | |
| S1 | 16.79 | -8.90% |
| S2 | 16.53 | -10.31% |
| S3 | 16.37 | -11.18% |
SUBCY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | May 06, 2024 | May 14, 2024 | $0.283 | 1.64% |
| 2 | Jul 19, 2023 | Apr 20, 2023 | Apr 28, 2023 | $0.385 | 3.35% |
| 3 | Apr 22, 2022 | Apr 28, 2022 | May 06, 2022 | $0.113 | 1.25% |
| 4 | Mar 13, 2021 | Apr 29, 2021 | May 14, 2021 | $0.237 | 2.37% |
| 5 | Apr 25, 2019 | Apr 25, 2019 | Apr 25, 2019 | $0.175 | 1.38% |
FAQ
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