Seaboard Corp Forecast and Stock Analysis
Technical SEB stock analysis for February 15, 2019.
|Shorts||5.90% ( 2019-01-31 )|
Seaboard Corp gained 0.25% in the last trading day, rising from $3 770.48 to $3 780.00 The price has fallen in 6 of the last 10 days and is down by -2.27% for this period. Volume fell in the last day by -68 shares, and in total, 212 shares bought and sold for approximately $801 360.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SEB stock was $3 780.00. This is 0.25% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.86% from a day low at $3 755.01 to a day high of $3 825.00.
30 day high of the SEB stock price was $3 920.00 and low was $3 550.00.
90 day high was $3 920.00 and low was $3 434.71.
52 week high for the Seaboard Corp - $4 330.02 and low - $3 434.71.
Seaboard Corp lies in the middle of a wide and weak 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 2.76% during the next 3 months and, with 90% probability hold a price between $3 654.79 and $4 091.96 at the end of this period.
Seaboard Corp 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 $3 743.43 and $3 708.95. 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 Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Seaboard Corp finds support from accumulated volume at $3 631.98.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $3.00 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
Very Low Low Medium High Very High
Seaboard Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.