Subsea 7 S.A. 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
Subsea 7 S.A. stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Subsea 7 S.A. stock price gained 2.79% on the last trading day (Friday, 28th Jun 2024), rising from $18.30 to $18.81. During the last trading day the stock fluctuated 0.0532% from a day low at $18.81 to a day high of $18.82. The price has been going up and down for this period, and there has been a 6.21% 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, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $25.02 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 14.96% during the next 3 months and, with a 90% probability hold a price between $20.25 and $22.04 at the end of this 3-month period.
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SUBCY Signals & Forecast
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 $18.50 and $17.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 8.04%. 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). Subsea 7 S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
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 $0.0100 (0.0532%) between high and low. For the last week, the stock has had daily average volatility of 0.151%.
Our recommended stop-loss: $17.79 (-5.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (SUBCY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Subsea 7 S.A. to open at $18.81, and during the day (based on 14 day Average True Range), to move between $18.52 and $19.10, which gives a possible trading interval of +/-$0.285 (+/-1.52%) 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 3.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.79, some $2.02 (10.74%) from the current price of $18.81, our system finds the risk reward attractive.
Is Subsea 7 S.A. stock A Buy?
Subsea 7 S.A. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Subsea 7 S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $18.81 ( 0.0177%) | $18.81 |
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 | 18.82 | 0.0709% |
| R2 | 18.82 | 0.0506% |
| R1 | 18.82 | 0.0380% |
| Price | 18.81 | |
| S1 | 18.81 | -0.0026% |
| S2 | 18.81 | -0.0151% |
| S3 | 18.80 | -0.0354% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 18.81 | |
| S1 | 16.79 | -10.74% |
| S2 | 16.53 | -12.12% |
| S3 | 16.37 | -12.97% |
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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