Secure Energy Services Inc. Stock Forecast
Red day on Wednesday for Secure Energy Services Inc.
(Updated on Apr 24, 2024)
The Secure Energy Services Inc. stock price fell by -0.81% on the last day (Wednesday, 24th Apr 2024) from $11.16 to $11.07. During the last trading day the stock fluctuated 2.73% from a day low at $10.99 to a day high of $11.29. The price has fallen in 6 of the last 10 days and is down by -5.63% for this period. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 436 thousand shares were bought and sold for approximately $4.82 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.44% during the next 3 months and, with a 90% probability hold a price between $12.29 and $13.42 at the end of this 3-month period.
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SES.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Secure Energy Services 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 $11.08 and $11.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -6.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Secure Energy Services Inc. stock
Secure Energy Services Inc. finds support from accumulated volume at $10.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.300 (2.73%) between high and low. For the last week, the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SES.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Secure Energy Services Inc. to open at $11.12, and during the day (based on 14 day Average True Range), to move between $10.80 and $11.34, which gives a possible trading interval of +/-$0.266 (+/-2.40%) up or down from last closing price. If Secure Energy Services Inc. takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.33 (2.35%) than the support at $10.72 (3.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Secure Energy Services Inc. will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.140. We will update the financials statements for Secure Energy Services Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.44% in the first trading day after earnings release.
Is Secure Energy Services Inc. stock A Buy?
The Secure Energy Services Inc. stock holds several negative signals and despite the positive trend, we believe Secure Energy Services Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.833 Sell Candidate Unchanged
Predicted Opening Price for Secure Energy Services Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $11.12 ( 0.422%) | $11.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SES.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.42 | 3.13 % | |
| R2 | 11.30 | 2.10 % | ||
| R1 | 11.23 | 1.46 % | ||
| Current price: | 11.07 | |||
| Support | S1 | 11.00 | -0.614 % | |
| S2 | 10.93 | -1.25 % | ||
| S3 | 10.82 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.43 | 3.25 % | |
| R2 | 11.39 | 2.89 % | ||
| R1 | 11.33 | 2.35 % | ||
| Current price | 11.07 | |||
| Support | S1 | 10.72 | -3.16% | |
| S2 | 10.69 | -3.43% | ||
| S3 | 10.57 | -4.52% |
SES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.100 | 0.89% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.100 | 1.36% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.100 | 1.53% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.100 | 1.46% |
FAQ
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