SIPEF group Stock Forecast
Stronger technical forecast for SIPEF group stock price after Tuesday trading.
(Updated on Apr 23, 2024)
The SIPEF group stock price gained 1.77% on the last trading day (Tuesday, 23rd Apr 2024), rising from 56.40€ to 57.40€. It has now gained 5 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 2.12% from a day low at 56.60€ to a day high of 57.80€. The price has risen in 8 of the last 10 days and is up by 3.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately 348.71€ thousand.
The stock lies in the middle of a 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 15.82% during the next 3 months and, with a 90% probability hold a price between 64.46€ and 68.42€ at the end of this 3-month period.
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SIP.BB Signals & Forecast
The SIPEF group 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 56.20€ and 54.20€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 02, 2024, and so far it has risen 18.35%. Further rise is indicated until a new top pivot has been found. SIPEF group has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SIPEF group stock
SIPEF group finds support from accumulated volume at 56.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.20€ between high and low, or 2.12%. For the last week the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: 55.24€ (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (SIP.BB) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect SIPEF group to open at 57.27€, and during the day (based on 14 day Average True Range), to move between 56.60€ and 58.20€, which gives a possible trading interval of +/-0.800€ (+/-1.39%) up or down from last closing price. If SIPEF group takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 56.00€, some 1.40€ (2.44%) from the current price of 57.40€, our system finds the risk reward attractive.
Is SIPEF group stock A Buy?
SIPEF group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.572 Strong Buy Candidate Upgraded
Predicted Opening Price for SIPEF group of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 57.27€ ( 0.232%) | 57.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIP.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.47 | 1.86 % | |
| R2 | 58.01 | 1.06 % | ||
| R1 | 57.73 | 0.566 % | ||
| Current price: | 57.40 | |||
| Support | S1 | 56.81 | -1.03 % | |
| S2 | 56.53 | -1.52 % | ||
| S3 | 56.07 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 57.40 | |||
| Support | S1 | 56.00 | -2.44% | |
| S2 | 53.00 | -7.67% | ||
| S3 | 49.15 | -14.37% |
SIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 03, 2024 | 1.40€ | 0% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | 3.00€ | 0% |
| 3 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | 3.00€ | 0% |
| 4 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | 2.00€ | 0% |
| 5 | Jun 10, 2022 | Jun 10, 2022 | Jun 10, 2022 | 2.00€ | 0% |
FAQ
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