Servotronics, Inc Stock Forecast
Servotronics, Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The Servotronics, Inc stock price fell by -2.04% on the last day (Tuesday, 23rd Apr 2024) from $11.75 to $11.51. During the last trading day the stock fluctuated 0% from a day low at $11.51 to a day high of $11.51. The price has been going up and down for this period, and there has been a -4.88% loss for the last 2 weeks. Volume has increased on the last day by 301 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, 301 shares were bought and sold for approximately $3.46 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.85% during the next 3 months and, with a 90% probability hold a price between $9.60 and $11.69 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SVT Signals & Forecast
There are few to no technical positive signals at the moment. The Servotronics, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.90 and $12.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -16.29%. 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). Servotronics, Inc 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.
Support, Risk & Stop-loss for Servotronics, Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: $11.02 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (SVT) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Servotronics, Inc to open at $11.51, and during the day (based on 14 day Average True Range), to move between $11.03 and $11.99, which gives a possible trading interval of +/-$0.477 (+/-4.14%) up or down from last closing price. If Servotronics, Inc takes out the full calculated possible swing range there will be an estimated 8.28% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $12.40, some $0.89 (7.73%) from the current price of $11.51, our system finds the risk reward not very attractive.
Is Servotronics, Inc stock A Buy?
Servotronics, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Servotronics, Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $11.51 ( 0%) | $11.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.51 | . | |
| R2 | 11.51 | . | ||
| R1 | 11.51 | . | ||
| Current price: | 11.51 | |||
| Support | S1 | 11.51 | . | |
| S2 | 11.51 | . | ||
| S3 | 11.51 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.79 | 11.12 % | |
| R2 | 12.63 | 9.73 % | ||
| R1 | 12.40 | 7.73 % | ||
| Current price | 11.51 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SVT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2018 | Jun 27, 2019 | Jul 15, 2019 | $0.160 | 1.62% |
| 2 | May 17, 2017 | Jun 28, 2017 | Jul 14, 2017 | $0.150 | 1.60% |
| 3 | Mar 14, 2016 | Apr 07, 2016 | May 16, 2016 | $0.150 | 1.85% |
| 4 | May 29, 2015 | Jun 26, 2015 | Jul 15, 2015 | $0.150 | 2.31% |
| 5 | May 28, 2013 | Jun 20, 2013 | Jul 15, 2013 | $0.160 | 2.14% |
FAQ
Click here for our free guide on how to buy Servotronics, Inc Stock.
