SentinelOne, Inc. Stock Forecast
SentinelOne, Inc. stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The SentinelOne, Inc. stock price gained 2.78% on the last trading day (Thursday, 28th Mar 2024), rising from $22.68 to $23.31. During the last trading day the stock fluctuated 3.62% from a day low at $22.63 to a day high of $23.45. The price has been going up and down for this period, and there has been a 0.09% 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, 931 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $120.30 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.89% during the next 3 months and, with a 90% probability hold a price between $21.33 and $28.73 at the end of this 3-month period.
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S Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 5.52%. 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 SentinelOne, 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 $26.41. On a fall, the stock will find some support from the short-term average at $22.88. 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 SentinelOne, Inc. stock
SentinelOne, Inc. finds support from accumulated volume at $23.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.82 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: $22.11 (-5.14%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (S) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SentinelOne, Inc. to open at $23.13, and during the day (based on 14 day Average True Range), to move between $22.11 and $24.51, which gives a possible trading interval of +/-$1.20 (+/-5.15%) up or down from last closing price. If SentinelOne, Inc. takes out the full calculated possible swing range there will be an estimated 10.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.29 (0.09%) than the resistance at $24.16 (3.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SentinelOne, Inc. stock A Buy?
SentinelOne, 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: -0.685 Hold/Accumulate Upgraded
Predicted Opening Price for SentinelOne, Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$23.13 ( 0.772%) | $23.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for S
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.95 | 2.75 % | |
R2 | 23.64 | 1.40 % | ||
R1 | 23.44 | 0.572 % | ||
Current price: | 23.31 | |||
Support | S1 | 22.82 | -2.12 % | |
S2 | 22.62 | -2.95 % | ||
S3 | 22.31 | -4.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.60 | 9.82 % | |
R2 | 24.53 | 5.23 % | ||
R1 | 24.16 | 3.65 % | ||
Current price | 23.31 | |||
Support | S1 | 23.29 | -0.0858% | |
S2 | 23.16 | -0.644% | ||
S3 | 22.09 | -5.23% |
S Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 05, 2007 | Dec 05, 2007 | Dec 05, 2007 | $0.0250 | 0% |
2 | Sep 05, 2007 | Sep 05, 2007 | Sep 05, 2007 | $0.0250 | 0% |
3 | Jun 06, 2007 | Jun 06, 2007 | Jun 06, 2007 | $0.0250 | 0% |
4 | Mar 07, 2007 | Mar 07, 2007 | Mar 07, 2007 | $0.0250 | 0% |
5 | Dec 06, 2006 | Dec 06, 2006 | Dec 06, 2006 | $0.0250 | 0% |
FAQ
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