Sygnia Limited Stock Forecast
Sygnia Limited stock price down 1.97% on Monday
(Updated on May 27, 2024)
The Sygnia Limited stock price fell by -1.97% on the last day (Monday, 27th May 2024) from $2,134.00 to $2,092.00. During the last trading day the stock fluctuated 5.75% from a day low at $2,070.00 to a day high of $2,189.00. The price has been going up and down for this period, and there has been a -0.38% loss for the last 2 weeks. Volume has increased on the last day by 86 thousand 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, 90 thousand shares were bought and sold for approximately $188.53 million.
The stock lies in the middle of a strong 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 14.81% during the next 3 months and, with a 90% probability hold a price between $2,367.28 and $2,530.92 at the end of this 3-month period.
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SYG.JO Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -4.47%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Sygnia Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2,113.00. On a fall, the stock will find some support from the long-term average at approximately $2,044.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Sygnia Limited stock
Sygnia Limited finds support from accumulated volume at $2,085.00 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 $119.00 (5.75%) between high and low. For the last week, the stock has had daily average volatility of 6.34%.
Our recommended stop-loss: $1,997.61 (-4.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SYG.JO) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Sygnia Limited to open at $2,117.00, and during the day (based on 14 day Average True Range), to move between $1,979.18 and $2,204.82, which gives a possible trading interval of +/-$112.82 (+/-5.39%) up or down from last closing price. If Sygnia Limited takes out the full calculated possible swing range there will be an estimated 10.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2,085.00 (0.33%) than the resistance at $2,100.00 (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Sygnia Limited will release earnings BMO on Monday, June 03, 2024. We will update the financials statements for Sygnia Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.18% in the first trading day after earnings release.
Is Sygnia Limited stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.268 Buy Candidate Unchanged
Predicted Opening Price for Sygnia Limited of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $2,117.00 ( 1.20%) | $2,092.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SYG.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,236.00 | 6.88 % | |
| R2 | 2,190.54 | 4.71 % | ||
| R1 | 2,162.46 | 3.37 % | ||
| Current price: | 2,092.00 | |||
| Support | S1 | 2,071.54 | -0.98 % | |
| S2 | 2,043.46 | -2.32 % | ||
| S3 | 1,998.00 | -4.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,190.00 | 4.68 % | |
| R2 | 2,145.00 | 2.53 % | ||
| R1 | 2,100.00 | 0.382 % | ||
| Current price | 2,092.00 | |||
| Support | S1 | 2,085.00 | -0.335% | |
| S2 | 2,050.00 | -2.01% | ||
| S3 | 1,999.00 | -4.45% |
SYG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0 | 0% |
| 2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | $87.00 | 5.27% |
| 3 | Dec 21, 2022 | Dec 21, 2022 | Dec 21, 2022 | $130.00 | 7.32% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | $80.00 | 4.54% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | $80.00 | 4.36% |
FAQ
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