Seaboard Corp Stock Forecast
Evaluation of Seaboard Corp stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Seaboard Corp stock price gained 0.0472% on the last trading day (Wednesday, 24th Apr 2024), rising from $3,284.37 to $3,285.92. During the last trading day the stock fluctuated 3.79% from a day low at $3,172.28 to a day high of $3,292.63. The price has been going up and down for this period, and there has been a 3.9% gain for the last 2 weeks. Volume fell on the last day by -848 shares and in total, 4 thousand shares were bought and sold for approximately $11.76 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -13.19% during the next 3 months and, with a 90% probability hold a price between $2,635.17 and $2,852.61 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SEB Signals & Forecast
The Seaboard Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3,181.20 and $3,194.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.83%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Seaboard Corp stock
Seaboard Corp finds support from accumulated volume at $3,284.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $120.35 between high and low, or 3.79%. For the last week the stock has had daily average volatility of 4.48%.
Our recommended stop-loss: $3,176.83 (-3.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SEB) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Seaboard Corp to open at $3,250.28, and during the day (based on 14 day Average True Range), to move between $3,188.25 and $3,383.59, which gives a possible trading interval of +/-$97.67 (+/-2.97%) up or down from last closing price. If Seaboard Corp takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3,284.37 (0.05%) than the resistance at $3,292.55 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Seaboard Corp will release earnings BMO on Wednesday, May 01, 2024. We will update the financials statements for Seaboard Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.00% in the first trading day after earnings release.
Is Seaboard Corp stock A Buy?
Seaboard Corp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.753 Hold/Accumulate Downgraded
Predicted Opening Price for Seaboard Corp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $3,250.28 ( 1.08%) | $3,285.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,370.63 | 2.58 % | |
| R2 | 3,324.65 | 1.18 % | ||
| R1 | 3,296.25 | 0.314 % | ||
| Current price: | 3,285.92 | |||
| Support | S1 | 3,204.30 | -2.48 % | |
| S2 | 3,175.90 | -3.35 % | ||
| S3 | 3,129.93 | -4.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,465.31 | 5.46 % | |
| R2 | 3,332.00 | 1.40 % | ||
| R1 | 3,292.55 | 0.202 % | ||
| Current price | 3,285.92 | |||
| Support | S1 | 3,284.37 | -0.0472% | |
| S2 | 3,200.00 | -2.61% | ||
| S3 | 3,186.92 | -3.01% |
SEB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 04, 2024 | $2.25 | 0.0711% |
| 2 | Oct 30, 2023 | Nov 08, 2023 | Nov 20, 2023 | $2.25 | 0.0640% |
| 3 | Aug 01, 2023 | Aug 10, 2023 | Aug 21, 2023 | $2.25 | 0.0629% |
| 4 | May 03, 2023 | May 12, 2023 | May 25, 2023 | $2.25 | 0.0593% |
| 5 | Feb 14, 2023 | Feb 23, 2023 | Mar 06, 2023 | $2.25 | 0.0596% |
FAQ
Click here for our free guide on how to buy Seaboard Corp Stock.
