Shenandoah Telecommunications Co Stock Forecast
Shenandoah Telecommunications Co stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Shenandoah Telecommunications Co stock price fell by -4.77% on the last day (Monday, 22nd Apr 2024) from $14.69 to $13.99. During the last trading day the stock fluctuated 5.97% from a day low at $13.91 to a day high of $14.74. The price has fallen in 6 of the last 10 days and is down by -9.8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 157 thousand shares were bought and sold for approximately $2.20 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.99% during the next 3 months and, with a 90% probability hold a price between $10.06 and $12.04 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.
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SHEN Signals & Forecast
There are few to no technical positive signals at the moment. The Shenandoah Telecommunications Co 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 $14.62 and $16.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 21, 2024, and so far it has fallen -33.76%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shenandoah Telecommunications Co stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.83 between high and low, or 5.97%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHEN) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Shenandoah Telecommunications Co to open at $14.21, and during the day (based on 14 day Average True Range), to move between $13.43 and $14.55, which gives a possible trading interval of +/-$0.557 (+/-3.98%) up or down from last closing price. If Shenandoah Telecommunications Co takes out the full calculated possible swing range there will be an estimated 7.96% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $14.98, some $0.99 (7.08%) from the current price of $13.99, our system finds the risk reward not very attractive.
Earnings coming up
Shenandoah Telecommunications Co will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0200. We will update the financials statements for Shenandoah Telecommunications Co, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.25% in the first trading day after earnings release.
Is Shenandoah Telecommunications Co stock A Buy?
Shenandoah Telecommunications Co holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.235 Strong Sell Candidate Downgraded
Predicted Opening Price for Shenandoah Telecommunications Co of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $14.21 ( 1.60%) | $13.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.04 | 7.53 % | |
| R2 | 14.73 | 5.26 % | ||
| R1 | 14.53 | 3.86 % | ||
| Current price: | 13.99 | |||
| Support | S1 | 13.90 | -0.670 % | |
| S2 | 13.70 | -2.07 % | ||
| S3 | 13.38 | -4.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.34 | 23.95 % | |
| R2 | 16.01 | 14.44 % | ||
| R1 | 14.98 | 7.08 % | ||
| Current price | 13.99 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SHEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 24, 2023 | Nov 06, 2023 | Dec 01, 2023 | $0.0900 | 0.396% |
| 2 | Oct 25, 2022 | Nov 04, 2022 | Dec 01, 2022 | $0.0800 | 0.425% |
| 3 | Oct 27, 2021 | Nov 05, 2021 | Dec 01, 2021 | $0.0700 | 0.284% |
| 4 | Jul 02, 2021 | Aug 03, 2021 | Aug 02, 2021 | $18.75 | 37.07% |
| 5 | Oct 27, 2020 | Nov 10, 2020 | Dec 01, 2020 | $0.340 | 0.753% |
FAQ
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