Silvercrest Asset Management Group Inc. Stock Forecast
Silvercrest Asset Management Group Inc. stock price down 0.563% on Thursday
(Updated on Apr 18, 2024)
The Silvercrest Asset Management Group Inc. stock price fell by -0.563% on the last day (Thursday, 18th Apr 2024) from $14.22 to $14.14. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.62% from a day low at $14.14 to a day high of $14.51. The price has fallen in 8 of the last 10 days and is down by -5.8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -42 thousand shares and in total, 22 thousand shares were bought and sold for approximately $314.35 thousand.
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 -14.51% during the next 3 months and, with a 90% probability hold a price between $11.80 and $13.02 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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SAMG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Silvercrest Asset Management Group Inc. 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 $14.55 and $15.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -10.56%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Thursday, March 28, 2024 with a target of $14.18. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Silvercrest Asset Management Group Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.370 between high and low, or 2.62%. For the last week the stock has had daily average volatility of 3.11%.
Silvercrest Asset Management Group Inc. is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAMG) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Silvercrest Asset Management Group Inc. to open at $14.26, and during the day (based on 14 day Average True Range), to move between $13.65 and $14.63, which gives a possible trading interval of +/-$0.486 (+/-3.44%) up or down from last closing price. If Silvercrest Asset Management Group Inc. takes out the full calculated possible swing range there will be an estimated 6.87% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $14.22, some $0.0800 (0.57%) from the current price of $14.14, our system finds the risk reward not very attractive.
Is Silvercrest Asset Management Group Inc. stock A Buy?
Silvercrest Asset Management Group Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.487 Sell Candidate Unchanged
Predicted Opening Price for Silvercrest Asset Management Group Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $14.26 ( 0.87%) | $14.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAMG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.63 | 3.49 % | |
| R2 | 14.49 | 2.49 % | ||
| R1 | 14.40 | 1.87 % | ||
| Current price: | 14.14 | |||
| Support | S1 | 14.12 | -0.127 % | |
| S2 | 14.03 | -0.745 % | ||
| S3 | 13.89 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.81 | 4.74 % | |
| R2 | 14.80 | 4.67 % | ||
| R1 | 14.22 | 0.566 % | ||
| Current price | 14.14 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SAMG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 07, 2024 | $0 | 0% |
| 2 | Oct 31, 2023 | Dec 07, 2023 | Dec 15, 2023 | $0.190 | 1.16% |
| 3 | Jul 26, 2023 | Sep 07, 2023 | Sep 15, 2023 | $0.190 | 1.07% |
| 4 | May 02, 2023 | Jun 08, 2023 | Sep 15, 2023 | $0.180 | 1.01% |
| 5 | Feb 14, 2023 | Mar 09, 2023 | Mar 17, 2023 | $0.180 | 1.10% |
FAQ
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