Siminn hf. Stock Forecast
Siminn hf. stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
The Siminn hf. stock price gained 1.00% on the last trading day (Wednesday, 27th Mar 2024), rising from 10.00 Íkr to 10.10 Íkr. During the last trading day the stock fluctuated 0% from a day low at 10.10 Íkr to a day high of 10.10 Íkr. The price has fallen in 5 of the last 10 days and is down by -1.94% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately 30.30 Íkr million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 10.01 Íkr is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.49% during the next 3 months and, with a 90% probability hold a price between 10.46 Íkr and 11.46 Íkr at the end of this 3-month period.
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SIMINN.IC Signals & Forecast
The Siminn hf. 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 10.11 Íkr and 10.42 Íkr. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Siminn hf. stock
Siminn hf. finds support from accumulated volume at 9.90 Íkr 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 Íkr (0%) between high and low. For the last week, the stock has had daily average volatility of 0.404%.
Our recommended stop-loss: 9.49 Íkr (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (SIMINN.IC) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Siminn hf. to open at 10.10 Íkr, and during the day (based on 14 day Average True Range), to move between 9.97 Íkr and 10.23 Íkr, which gives a possible trading interval of +/-0.132 Íkr (+/-1.30%) up or down from last closing price. If Siminn hf. takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 9.90 Íkr (1.98%) than the resistance at 10.30 Íkr (1.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Siminn hf. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.414 Buy Candidate Upgraded
Predicted Opening Price for Siminn hf. of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
10.10 Íkr ( 0%) | 10.10 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIMINN.IC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.10 | . | |
R2 | 10.10 | . | ||
R1 | 10.10 | . | ||
Current price: | 10.10 | |||
Support | S1 | 10.10 | . | |
S2 | 10.10 | . | ||
S3 | 10.10 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.80 | 6.93 % | |
R2 | 10.60 | 4.95 % | ||
R1 | 10.30 | 1.98 % | ||
Current price | 10.10 | |||
Support | S1 | 9.90 | -1.98% | |
S2 | 9.85 | -2.48% | ||
S3 | 9.75 | -3.47% |
SIMINN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Apr 05, 2024 | 0.200 Íkr | 1.98% |
2 | Mar 29, 2023 | Mar 29, 2023 | Mar 29, 2023 | 10.90 Íkr | 95.64% |
3 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | 0.119 Íkr | 1.06% |
4 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | 0.0690 Íkr | 0.575% |
5 | Mar 12, 2021 | Mar 12, 2021 | Mar 12, 2021 | 0.0590 Íkr | 0.595% |
FAQ
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