NASDAQ:SHLM
Delisted

A. Schulman Fund Forecast

$44.00
+0 (+0%)
At Close: Sep 28, 2018
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Friday for A. Schulman
(Updated on Sep 28, 2018)

Hold candidate since Sep 26, 2018 PDF

No changes to the price of A. Schulman fund on the last trading day (Friday, 28th Sep 2018). During the last trading day the fund fluctuated 0% from a day low at $44.00 to a day high of $44.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fundis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $44.00 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect A. Schulman fund with a 90% probability to be traded between $43.24 and $44.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SHLM Signals & Forecast

The A. Schulman fund 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 $44.00 and $43.95. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, September 27, 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 A. Schulman fund

A. Schulman finds support from accumulated volume at $43.75 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: $42.24 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SHLM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect A. Schulman to open at $44.00, and during the day (based on 14 day Average True Range), to move between $43.95 and $44.05, which gives a possible trading interval of +/-$0.0487 (+/-0.11%) up or down from last closing price. If A. Schulman takes out the full calculated possible swing range there will be an estimated 0.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $43.75 (0.57%) than the resistance at $44.40 (0.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is A. Schulman fund A Buy?

A. Schulman holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.130 Hold/Accumulate Unchanged

Predicted Opening Price for A. Schulman of Monday, October 1, 2018

Fair opening price October 1, 2018 Current price
$44.00 ( 0%) $44.00

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

Trading levels for SHLM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 44.00 .
R2 44.00 .
R1 44.00 .
Current price: 44.00
Support S1 44.00 .
S2 44.00 .
S3 44.00 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 44.60 1.36 %
R2 44.50 1.14 %
R1 44.40 0.91 %
Current price 44.00
Support S1 43.75 -0.568%
S2 43.70 -0.682%
S3 43.05 -2.16%

FAQ

What is the symbol for A. Schulman Fund and on which exchange is it traded?
The symbol for A. Schulman is SHLM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell A. Schulman Fund?
A. Schulman holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy A. Schulman Fund?
A. Schulman Fund can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy A. Schulman Fund.

What's the current price of A. Schulman Fund?
As of the end of day on the 2018-09-28, the price of an A. Schulman (SHLM) share was $44.00.

What is the 52-week high and low for A. Schulman Fund?
The 52-week high for A. Schulman Fund is $45.10 and the 52-week low is $34.10.
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About A. Schulman

A. Schulman, Inc. manufactures and supplies plastic compounds and resins. It offers custom performance colors, including standard and customized colors, organic and inorganic pigments, high chroma colors in translucent or opaque formats, and special effects. The company also provides engineered composites, such as thermoset bulk, sheet, and thick molding compounds, as well as high performance composite solutions for original equipment manufacture... SHLM Profile

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