Siebert Financial Corp Stock Forecast
Siebert Financial Corp stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Siebert Financial Corp stock price fell by -2.43% on the last day (Thursday, 25th Apr 2024) from $2.06 to $2.01. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.50% from a day low at $2.00 to a day high of $2.05. The price has fallen in 8 of the last 10 days and is down by -7.76% for this period. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 16 thousand shares were bought and sold for approximately $32.67 thousand.
Given the current short-term trend, the stock is expected to rise 29.89% during the next 3 months and, with a 90% probability hold a price between $2.61 and $2.99 at the end of this 3-month period.
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SIEB Signals & Forecast
There are few to no technical positive signals at the moment. The Siebert Financial Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.09 and $2.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -9.05%. 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). Siebert Financial Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Siebert Financial Corp stock
Siebert Financial Corp finds support from accumulated volume at $1.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0500 (2.50%) between high and low. For the last week, the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SIEB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Siebert Financial Corp to open at $2.02, and during the day (based on 14 day Average True Range), to move between $1.90 and $2.12, which gives a possible trading interval of +/-$0.110 (+/-5.46%) up or down from last closing price. If Siebert Financial Corp takes out the full calculated possible swing range there will be an estimated 10.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.99 (1.00%) than the resistance at $2.10 (4.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Siebert Financial Corp stock A Buy?
The Siebert Financial Corp stock holds several negative signals and despite the positive trend, we believe Siebert Financial Corp will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -3.975 Sell Candidate Downgraded
Predicted Opening Price for Siebert Financial Corp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $2.02 ( 0.498%) | $2.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIEB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.07 | 2.99 % | |
| R2 | 2.05 | 2.03 % | ||
| R1 | 2.04 | 1.45 % | ||
| Current price: | 2.01 | |||
| Support | S1 | 2.00 | -0.453 % | |
| S2 | 1.99 | -1.04 % | ||
| S3 | 1.97 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.17 | 7.96 % | |
| R2 | 2.12 | 5.47 % | ||
| R1 | 2.10 | 4.48 % | ||
| Current price | 2.01 | |||
| Support | S1 | 1.99 | -1.00% | |
| S2 | 1.95 | -2.99% | ||
| S3 | 1.91 | -4.98% |
SIEB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 03, 2016 | Oct 11, 2016 | Oct 24, 2016 | $0.200 | 15.75% |
| 2 | Jun 09, 2008 | Jun 19, 2008 | Jun 30, 2008 | $0.100 | 3.21% |
| 3 | Jun 04, 2007 | Jun 18, 2007 | Jun 29, 2007 | $0.120 | 2.86% |
| 4 | Aug 09, 2006 | Aug 17, 2006 | Aug 30, 2006 | $0.0800 | 2.91% |
| 5 | Jun 19, 2001 | Jun 19, 2001 | Jun 19, 2001 | $0.0400 | 0.84% |
FAQ
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