Seven West Media Limited Stock Forecast
Weaker technical forecast for Seven West Media Limited as stock downgraded to Sell Candidate.
(Updated on Jul 03, 2024)
No changes to the price of Seven West Media Limited stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 2.78% from a day low at $0.180 to a day high of $0.185. The price has risen in 4 of the last 10 days and is up by 5.88% over the past 2 weeks.
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 -12.49% during the next 3 months and, with a 90% probability hold a price between $0.143 and $0.178 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SWM.AX Signals & Forecast
There are mixed signals in the stock today. The Seven West Media Limited 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 $0.180 and $0.185. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 5.88%. 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).
Support, Risk & Stop-loss for Seven West Media Limited stock
Seven West Media Limited finds support from accumulated volume at $0.175 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0050 between high and low, or 2.78%. For the last week the stock has had daily average volatility of 5.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWM.AX) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Seven West Media Limited to open at $0.182, and during the day (based on 14 day Average True Range), to move between $0.171 and $0.189, which gives a possible trading interval of +/-$0.0088 (+/-4.87%) up or down from last closing price. If Seven West Media Limited takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.185 (2.78%) than the support at $0.175 (2.78%), 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 Seven West Media Limited stock A Buy?
Seven West Media Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.772 Sell Candidate Downgraded
Predicted Opening Price for Seven West Media Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| $0.182 ( 0.93%) | $0.180 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWM.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.187 | 3.70% |
| R2 | 0.185 | 2.64% |
| R1 | 0.184 | 1.99% |
| Price | 0.180 | |
| S1 | 0.180 | -0.135% |
| S2 | 0.179 | -0.791% |
| S3 | 0.177 | -1.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.195 | 8.33% |
| R2 | 0.190 | 5.56% |
| R1 | 0.185 | 2.78% |
| Price | 0.180 | |
| S1 | 0.175 | -2.78% |
| S2 | 0.170 | -5.56% |
| S3 | 0 | - |
SWM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 16, 2017 | Sep 25, 2017 | Oct 18, 2017 | $0.0200 | 3.08% |
| 2 | Feb 15, 2017 | Mar 17, 2017 | Apr 13, 2017 | $0.0200 | 2.82% |
| 3 | Aug 01, 2016 | Sep 14, 2016 | Oct 07, 2016 | $0.0400 | 5.44% |
| 4 | Feb 17, 2016 | Mar 17, 2016 | Apr 11, 2016 | $0.0400 | 4.30% |
| 5 | Aug 19, 2015 | Sep 02, 2015 | Oct 09, 2015 | $0.0400 | 5.26% |
FAQ
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