Superior Industries International Inc Stock Forecast

Red day on Monday for Superior Industries International Inc
(Updated on Apr 29, 2024)

SUP Signals & Forecast

The Superior Industries International Inc 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 $3.84 and $3.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 10.22%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Superior Industries International Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.55 and $3.22. 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, Superior Industries International Inc finds support just below today's level at $3.55. If this is broken, then the next support from accumulated volume will be at $3.22 and $3.11.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.185 between high and low, or 4.68%. For the last week the stock has had daily average volatility of 6.10%.

Our recommended stop-loss: $3.82 (-4.14%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (SUP) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Superior Industries International Inc to open at $4.03, and during the day (based on 14 day Average True Range), to move between $3.75 and $4.23, which gives a possible trading interval of +/-$0.245 (+/-6.13%) up or down from last closing price. If Superior Industries International Inc takes out the full calculated possible swing range there will be an estimated 12.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.02 (0.75%) than the support at $3.55 (11.03%), 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 Superior Industries International Inc 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 Superior Industries International Inc stock to perform well in the short-term.

Current score: 2.039 Buy Candidate Unchanged

Predicted Opening Price for Superior Industries International Inc of Tuesday, April 30, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.