SunCoke Energy Inc Stock Forecast
Stronger technical forecast for SunCoke Energy Inc stock price after Friday trading.
(Updated on Apr 19, 2024)
The SunCoke Energy Inc stock price gained 0.85% on the last trading day (Friday, 19th Apr 2024), rising from $10.64 to $10.73. During the last trading day the stock fluctuated 2.98% from a day low at $10.58 to a day high of $10.89. The price has been going up and down for this period, and there has been a -4.03% loss 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, 81 thousand more shares were traded than the day before. In total, 569 thousand shares were bought and sold for approximately $6.10 million.
The stock lies in the middle of a wide and weak 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 2.16% during the next 3 months and, with a 90% probability hold a price between $10.71 and $11.85 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.
SXC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.51%. Further rise is indicated until a new top pivot has been found. 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 SunCoke Energy 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 $10.92. On a fall, the stock will find some support from the short-term average at $10.70. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SunCoke Energy Inc stock
SunCoke Energy Inc finds support from accumulated volume at $10.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.315 (2.98%) between high and low. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: $10.11 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SXC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect SunCoke Energy Inc to open at $10.73, and during the day (based on 14 day Average True Range), to move between $10.41 and $11.05, which gives a possible trading interval of +/-$0.318 (+/-2.96%) up or down from last closing price. If SunCoke Energy Inc takes out the full calculated possible swing range there will be an estimated 5.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.74 (0.09%) than the support at $10.71 (0.19%), 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 SunCoke Energy Inc stock A Buy?
SunCoke Energy Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.886 Hold/Accumulate Upgraded
Predicted Opening Price for SunCoke Energy Inc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$10.73 ( 0.0155%) | $10.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.05 | 2.95 % | |
R2 | 10.93 | 1.83 % | ||
R1 | 10.85 | 1.14 % | ||
Current price: | 10.73 | |||
Support | S1 | 10.61 | -1.11 % | |
S2 | 10.54 | -1.80 % | ||
S3 | 10.42 | -2.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.20 | 4.38 % | |
R2 | 11.03 | 2.80 % | ||
R1 | 10.74 | 0.0932 % | ||
Current price | 10.73 | |||
Support | S1 | 10.71 | -0.186% | |
S2 | 10.70 | -0.280% | ||
S3 | 10.68 | -0.466% |
SXC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.100 | 0.93% |
2 | Nov 01, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.100 | 1.06% |
3 | Aug 01, 2023 | Aug 16, 2023 | Sep 01, 2023 | $0.100 | 1.03% |
4 | May 04, 2023 | May 17, 2023 | Jun 01, 2023 | $0.0800 | 1.17% |
5 | Feb 02, 2023 | Feb 15, 2023 | Mar 01, 2023 | $0.0800 | 0.81% |
FAQ
Click here for our free guide on how to buy SunCoke Energy Inc Stock.