Smith & Wesson Brands, Inc. Stock Forecast
Smith & Wesson Brands, Inc. stock price ended at $17.08 on Thursday, after gaining 1.67%.
(Updated on May 02, 2024)
The Smith & Wesson Brands, Inc. stock price gained 1.67% on the last trading day (Thursday, 2nd May 2024), rising from $16.80 to $17.08. During the last trading day the stock fluctuated 1.51% from a day low at $16.84 to a day high of $17.09. The price has been going up and down for this period, and there has been a 1.73% 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, 191 thousand shares were bought and sold for approximately $3.27 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $16.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 31.08% during the next 3 months and, with a 90% probability hold a price between $21.44 and $26.89 at the end of this 3-month period.
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SWBI Signals & Forecast
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 Smith & Wesson Brands, Inc. 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 $17.25. On a fall, the stock will find some support from the short-term average at $17.00. 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. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -5.32%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Smith & Wesson Brands, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.67 and $13.56. 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, Smith & Wesson Brands, Inc. finds support just below today's level at $13.67. If this is broken, then the next support from accumulated volume will be at $13.56 and $13.44.
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 $0.255 (1.51%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWBI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Smith & Wesson Brands, Inc. to open at $17.00, and during the day (based on 14 day Average True Range), to move between $16.72 and $17.44, which gives a possible trading interval of +/-$0.362 (+/-2.12%) up or down from last closing price. If Smith & Wesson Brands, Inc. takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.39 (1.81%) than the support at $13.67 (19.96%), 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 Smith & Wesson Brands, Inc. stock A Buy?
Smith & Wesson Brands, Inc. 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: -1.087 Sell Candidate Unchanged
Predicted Opening Price for Smith & Wesson Brands, Inc. of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$17.00 ( 0.459%) | $17.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWBI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.26 | 1.03 % | |
R2 | 17.16 | 0.464 % | ||
R1 | 17.10 | 0.112 % | ||
Current price: | 17.08 | |||
Support | S1 | 16.90 | -1.03 % | |
S2 | 16.84 | -1.38 % | ||
S3 | 16.75 | -1.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.58 | 2.93 % | |
R2 | 17.54 | 2.69 % | ||
R1 | 17.39 | 1.81 % | ||
Current price | 17.08 | |||
Support | S1 | 13.67 | -19.96% | |
S2 | 13.56 | -20.61% | ||
S3 | 13.44 | -21.31% |
SWBI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 20, 2024 | Apr 04, 2024 | $0.120 | 0.683% |
2 | Dec 07, 2023 | Dec 20, 2023 | Jan 04, 2024 | $0.120 | 0.91% |
3 | Sep 07, 2023 | Sep 20, 2023 | Oct 05, 2023 | $0.120 | 0.92% |
4 | Jun 22, 2023 | Jul 12, 2023 | Jul 27, 2023 | $0.120 | 0.93% |
5 | Mar 09, 2023 | Mar 15, 2023 | Mar 30, 2023 | $0.100 | 0.85% |
FAQ
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