Stone Energy Corporation Fund Forecast

Red day on Thursday for Stone Energy Corporation fund after losing 0%
(Updated on May 17, 2018)

SGY Signals & Forecast

There are few to no technical positive signals at the moment. The Stone Energy Corporation fund 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 $35.49 and $36.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 16, 2018, and so far it has fallen 0%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Stone Energy Corporation fund

Stone Energy Corporation finds support from accumulated volume at $35.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SGY) For The Upcoming Trading Day Of Friday 18th

For the upcoming trading day on Friday, 18th we expect Stone Energy Corporation to open at $35.49, and during the day (based on 14 day Average True Range), to move between $34.43 and $36.55, which gives a possible trading interval of +/-$1.06 (+/-2.99%) up or down from last closing price. If Stone Energy Corporation takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.13 (1.01%) than the resistance at $36.36 (2.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Stone Energy Corporation fund A Buy?

The Stone Energy Corporation fund holds several negative signals and despite the positive trend, we believe Stone Energy Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this fund.

Current score: -3.300 Sell Candidate Unchanged

Predicted Opening Price for Stone Energy Corporation of Friday, May 18, 2018

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