Seanergy Maritime Stock Forecast
Seanergy Maritime stock price ended at $9.55 on Thursday, after gaining 2.91%.
(Updated on Apr 18, 2024)
The Seanergy Maritime stock price gained 2.91% on the last trading day (Thursday, 18th Apr 2024), rising from $9.28 to $9.55. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.10% from a day low at $9.01 to a day high of $9.65. The price has risen in 6 of the last 10 days and is up by 12.75% over the past 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 530 thousand shares were bought and sold for approximately $5.06 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 wide and strong 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 21.82% during the next 3 months and, with a 90% probability hold a price between $10.35 and $11.99 at the end of this 3-month period.
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SHIP Signals & Forecast
Mostly positive signals in the chart today. The Seanergy Maritime stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.95 and $8.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 15.90%. 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 Seanergy Maritime stock
Seanergy Maritime finds support from accumulated volume at $9.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.640 between high and low, or 7.10%. For the last week, the stock has had daily average volatility of 6.46%.
Our recommended stop-loss: $9.24 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (SHIP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Seanergy Maritime Holdings Corp to open at $9.40, and during the day (based on 14 day Average True Range), to move between $9.06 and $10.04, which gives a possible trading interval of +/-$0.492 (+/-5.15%) up or down from last closing price. If Seanergy Maritime Holdings Corp takes out the full calculated possible swing range there will be an estimated 10.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.18, some $0.370 (3.87%) from the current price of $9.55, our system finds the risk reward attractive.
Is Seanergy Maritime Holdings Corp stock A Buy?
Seanergy Maritime holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.923 Strong Buy Candidate Unchanged
Predicted Opening Price for Seanergy Maritime Holdings Corp of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$9.40 ( 1.54%) | $9.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHIP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.04 | 5.17 % | |
R2 | 9.80 | 2.61 % | ||
R1 | 9.65 | 1.02 % | ||
Current price: | 9.55 | |||
Support | S1 | 9.16 | -4.10 % | |
S2 | 9.01 | -5.68 % | ||
S3 | 8.76 | -8.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 9.55 | |||
Support | S1 | 9.18 | -3.87% | |
S2 | 9.06 | -5.18% | ||
S3 | 8.44 | -11.62% |
SHIP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Apr 10, 2024 | $0.100 | 1.16% |
2 | Nov 13, 2023 | Dec 21, 2023 | Jan 10, 2024 | $0.0250 | 0.339% |
3 | Aug 01, 2023 | Sep 21, 2023 | Oct 06, 2023 | $0.0250 | 0.420% |
4 | May 24, 2023 | Jun 21, 2023 | Jul 06, 2023 | $0.0250 | 0.514% |
5 | Mar 13, 2023 | Mar 30, 2023 | Apr 25, 2023 | $0.0250 | 0.512% |
FAQ
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