Stifel Financial Corporation Stock Forecast
Stifel Financial Corporation stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)
The Stifel Financial Corporation stock price gained 0.0807% on the last trading day (Wednesday, 17th Apr 2024), rising from $74.35 to $74.41. During the last trading day the stock fluctuated 1.48% from a day low at $74.24 to a day high of $75.33. The price has fallen in 7 of the last 10 days and is down by -3.44% for this period. Volume fell on the last day by -127 thousand shares and in total, 441 thousand shares were bought and sold for approximately $32.79 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.
The stock lies in the middle of a 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 4.24% during the next 3 months and, with a 90% probability hold a price between $75.20 and $82.19 at the end of this 3-month period.
SF Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Stifel Financial Corporation 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 $75.19 and $75.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.81%. 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).
Support, Risk & Stop-loss for Stifel Financial Corporation stock
Stifel Financial Corporation finds support from accumulated volume at $74.35 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 $1.10 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: $71.13 (-4.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (SF) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Stifel Financial Corporation to open at $74.66, and during the day (based on 14 day Average True Range), to move between $73.01 and $75.81, which gives a possible trading interval of +/-$1.40 (+/-1.88%) up or down from last closing price. If Stifel Financial Corporation takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $74.35 (0.08%) than the resistance at $74.72 (0.42%), 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
Stifel Financial Corporation will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.62. We will update the financials statements for Stifel Financial Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.93% in the first trading day after earnings release.
Is Stifel Financial Corporation stock A Buy?
Stifel Financial Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.074 Hold/Accumulate Upgraded
Predicted Opening Price for Stifel Financial Corporation of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $74.66 ( 0.334%) | $74.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.75 | 1.81 % | |
| R2 | 75.34 | 1.24 % | ||
| R1 | 75.08 | 0.90 % | ||
| Current price: | 74.41 | |||
| Support | S1 | 74.24 | -0.228 % | |
| S2 | 73.98 | -0.576 % | ||
| S3 | 73.56 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.32 | 2.57 % | |
| R2 | 76.03 | 2.18 % | ||
| R1 | 74.72 | 0.417 % | ||
| Current price | 74.41 | |||
| Support | S1 | 74.35 | -0.0806% | |
| S2 | 74.06 | -0.470% | ||
| S3 | 73.38 | -1.38% |
SF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.420 | 0.567% |
| 2 | Nov 15, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.360 | 0.541% |
| 3 | Aug 09, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.360 | 0.543% |
| 4 | May 03, 2023 | May 31, 2023 | Jun 15, 2023 | $0.360 | 0.596% |
| 5 | Jan 24, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.360 | 0.644% |
FAQ
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