US Silica Holdings Inc Stock Forecast
Green day on Wednesday for US Silica Holdings Inc
(Updated on May 01, 2024)
The US Silica Holdings Inc stock price gained 0.194% on the last trading day (Wednesday, 1st May 2024), rising from $15.43 to $15.46. During the last trading day the stock fluctuated 1.07% from a day low at $15.45 to a day high of $15.61. The price has risen in 6 of the last 10 days and is up by 23.19% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately $24.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and 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 34.70% during the next 3 months and, with a 90% probability hold a price between $17.59 and $21.68 at the end of this 3-month period.
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SLCA Signals & Forecast
The US Silica Holdings Inc 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 $14.46 and $13.13. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, April 26, 2024, and so far it has fallen -2.71%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for US Silica Holdings Inc stock
US Silica Holdings Inc finds support from accumulated volume at $15.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.165 between high and low, or 1.07%. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: $14.84 (-4.04%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SLCA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect US Silica Holdings Inc to open at $15.51, and during the day (based on 14 day Average True Range), to move between $14.92 and $16.00, which gives a possible trading interval of +/-$0.542 (+/-3.50%) up or down from last closing price. If US Silica Holdings Inc takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.43 (0.19%) than the resistance at $15.56 (0.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is US Silica Holdings Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for US Silica Holdings Inc stock to perform well in the short-term.
Current score: 2.083 Buy Candidate Unchanged
Predicted Opening Price for US Silica Holdings Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $15.51 ( 0.291%) | $15.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLCA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.67 | 1.36 % | |
| R2 | 15.61 | 0.95 % | ||
| R1 | 15.57 | 0.699 % | ||
| Current price: | 15.46 | |||
| Support | S1 | 15.44 | -0.117 % | |
| S2 | 15.40 | -0.368 % | ||
| S3 | 15.34 | -0.776 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 15.89 | 2.78 % | ||
| R1 | 15.56 | 0.647 % | ||
| Current price | 15.46 | |||
| Support | S1 | 15.43 | -0.194% | |
| S2 | 13.63 | -11.84% | ||
| S3 | 11.80 | -23.67% |
SLCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 10, 2020 | Mar 12, 2020 | Apr 03, 2020 | $0.0200 | 1.28% |
| 2 | Nov 12, 2019 | Dec 12, 2019 | Jan 03, 2020 | $0.0630 | 1.00% |
| 3 | Jul 22, 2019 | Sep 12, 2019 | Oct 03, 2019 | $0.0630 | 0.745% |
| 4 | May 13, 2019 | Jun 13, 2019 | Jul 05, 2019 | $0.0630 | 0.485% |
| 5 | Feb 15, 2019 | Mar 13, 2019 | Apr 04, 2019 | $0.0630 | 0.385% |
FAQ
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