RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SCVL
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Green day on Thursday for Shoe Carnival
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 07, 2024 Gain 15.84% PDF

The Shoe Carnival stock price gained 2.55% on the last trading day (Thursday, 28th Mar 2024), rising from $35.73 to $36.64. During the last trading day the stock fluctuated 3.91% from a day low at $35.33 to a day high of $36.71. The price has risen in 6 of the last 10 days and is up by 14.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 79 thousand more shares were traded than the day before. In total, 218 thousand shares were bought and sold for approximately $8.00 million.

The stock lies in the middle of a wide and 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 30.38% during the next 3 months and, with a 90% probability hold a price between $42.01 and $51.35 at the end of this 3-month period.

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SCVL Signals & Forecast

Mostly positive signals in the chart today. The Shoe Carnival stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $35.39 and $31.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 43.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Shoe Carnival stock

Shoe Carnival finds support from accumulated volume at $36.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.38 between high and low, or 3.91%. For the last week, the stock has had daily average volatility of 3.29%.

Our recommended stop-loss: $35.36 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (SCVL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Shoe Carnival to open at $36.23, and during the day (based on 14 day Average True Range), to move between $35.38 and $37.90, which gives a possible trading interval of +/-$1.26 (+/-3.44%) up or down from last closing price. If Shoe Carnival takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $36.31, some $0.330 (0.90%) from the current price of $36.64, our system finds the risk reward attractive.

Is Shoe Carnival stock A Buy?

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 Shoe Carnival stock to perform well in the short-term.

Current score: 4.646 Buy Candidate Unchanged

Predicted Opening Price for Shoe Carnival of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$36.23 ( 1.13%) $36.64

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SCVL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.61 2.64 %
R2 37.08 1.20 %
R1 36.75 0.311 %
Current price: 36.64
Support S1 35.70 -2.57 %
S2 35.37 -3.46 %
S3 34.85 -4.89 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 36.64
Support S1 36.31 -0.90%
S2 35.64 -2.73%
S3 32.59 -11.05%

SCVL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Apr 05, 2024 Apr 22, 2024 $0.135 0.369%
2 Dec 14, 2023 Jan 05, 2024 Jan 22, 2024 $0.120 0.462%
3 Sep 21, 2023 Oct 02, 2023 Oct 17, 2023 $0.120 0.470%
4 Jun 19, 2023 Jul 03, 2023 Jul 19, 2023 $0.100 0.423%
5 Mar 14, 2023 Mar 31, 2023 Apr 17, 2023 $0.100 0.399%

FAQ

What is the symbol for Shoe Carnival Stock and on which exchange is it traded?
The symbol for Shoe Carnival is SCVL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Shoe Carnival Stock?
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 Shoe Carnival stock to perform well in the short-term.

How to buy Shoe Carnival Stock?
Shoe Carnival Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shoe Carnival Stock.

What's the current price of Shoe Carnival Stock?
As of the end of day on the 2024-03-28, the price of an Shoe Carnival (SCVL) share was $36.64.

What is the 52-week high and low for Shoe Carnival Stock?
The 52-week high for Shoe Carnival Stock is $37.08 and the 52-week low is $19.24.

What is the market capitalization of Shoe Carnival Stock?
As of the 2024-03-28, the market capitalization of Shoe Carnival is 948.003M.

When is the next earnings date for Shoe Carnival?
The upcoming earnings date for Shoe Carnival is May 22, 2024.
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About Shoe Carnival

Shoe Carnival Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Shoe Carnival banner; and 21 locations across the Southeast under the Shoe Station banner. The co... SCVL Profile

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