SC Forecast and Technical Stock Analysis
Buy candidate since 2019-08-16 Loss -0.34%
Santander Consumer USA Holdings Inc fell by -1.21% in the last day ( Tuesday, 20th Aug 2019 ) from $26.52 to $26.20 During the day the stock fluctuated 1.22% from a day low at $26.17 to a day high of $26.49. The price has risen in 6 of the last 10 days and is up by 0.54% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -61 187 shares and in total 588 568 shares bought and sold for approximately $15.42 million.
Quick summary:
- 30 day high of the SC stock price was $27.75 and low was $25.10.
- 90 day high was $27.75 and low was $20.50.
- 52 week high for Santander Consumer USA Holdings Inc - $27.75 and low - $16.10.
Trend
Santander Consumer USA Holdings Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $25.87 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.87% during the next 3 months and, with 90% probability hold a price between $31.79 and $35.81 at the end of this period.
Signals
Santander Consumer USA Holdings Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $26.19 and $26.12. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday August 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 43 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $24.81 and $22.58.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Santander Consumer USA Holdings Inc finds support just below today's level at $24.81. If this is broken, then the next support from accumulated volume will be at $22.58 and $22.56.
Risk
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 $0.32 (1.22%) between high and low. For the last week, the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: $24.92 (-4.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)
1.32 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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