Savaria Corporation Stock Forecast
Weaker technical forecast for Savaria Corporation as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The Savaria Corporation stock price fell by -1.54% on the last day (Thursday, 25th Apr 2024) from $16.92 to $16.66. During the last trading day the stock fluctuated 1.63% from a day low at $16.59 to a day high of $16.86. The price has been going up and down for this period, and there has been a -0.36% loss for the last 2 weeks. Volume has increased on the last day by 24 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, 73 thousand shares were bought and sold for approximately $1.21 million.
The stock lies in the middle of a weak 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 3.08% during the next 3 months and, with a 90% probability hold a price between $16.65 and $17.84 at the end of this 3-month period.
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SIS.TO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Savaria Corporation 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 $16.77 and $16.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -2.74%. Further fall is indicated until a new bottom pivot has been found. Savaria Corporation 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".
Support, Risk & Stop-loss for Savaria Corporation stock
Savaria Corporation finds support from accumulated volume at $16.39 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 $0.270 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SIS.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Savaria Corporation to open at $16.70, and during the day (based on 14 day Average True Range), to move between $16.34 and $16.98, which gives a possible trading interval of +/-$0.323 (+/-1.94%) up or down from last closing price. If Savaria Corporation takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.70 (0.24%) than the support at $16.39 (1.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Savaria Corporation stock A Buy?
The Savaria Corporation stock holds several negative signals and despite the positive trend, we believe Savaria Corporation 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: -1.217 Sell Candidate Downgraded
Predicted Opening Price for Savaria Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $16.70 ( 0.260%) | $16.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIS.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.97 | 1.88 % | |
| R2 | 16.87 | 1.26 % | ||
| R1 | 16.81 | 0.88 % | ||
| Current price: | 16.66 | |||
| Support | S1 | 16.60 | -0.359 % | |
| S2 | 16.54 | -0.741 % | ||
| S3 | 16.43 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.93 | 1.62 % | |
| R2 | 16.73 | 0.420 % | ||
| R1 | 16.70 | 0.240 % | ||
| Current price | 16.66 | |||
| Support | S1 | 16.39 | -1.62% | |
| S2 | 16.15 | -3.06% | ||
| S3 | 15.87 | -4.74% |
SIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | $0 | 0% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 10, 2024 | $0.0433 | 0.259% |
| 3 | Feb 16, 2024 | Feb 28, 2024 | Mar 08, 2024 | $0.0433 | 0.268% |
| 4 | Jan 24, 2024 | Jan 30, 2024 | Feb 09, 2024 | $0.0433 | 0.264% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
FAQ
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