Sun Life Financial Inc. Stock Forecast
Sun Life Financial Inc. stock price ended at $73.80 on Wednesday, after gaining 0.0542%.
(Updated on Mar 27, 2024)
The Sun Life Financial Inc. stock price gained 0.0542% on the last trading day (Wednesday, 27th Mar 2024), rising from $73.76 to $73.80. During the last trading day the stock fluctuated 1.24% from a day low at $73.46 to a day high of $74.37. The price has risen in 6 of the last 10 days but is still down by -0.67% for this period. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately $76.96 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 lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $73.54 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 11.22% during the next 3 months and, with a 90% probability hold a price between $81.80 and $83.43 at the end of this 3-month period.
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SLF.TO Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.97%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Sun Life Financial Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $73.97. On a fall, the stock will find some support from the long-term average at approximately $73.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. The stock had a Golden Star Signal on Monday, January 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, January 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Sun Life Financial Inc. stock
Sun Life Financial Inc. finds support from accumulated volume at $73.43 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 $0.91 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: $70.90 (-3.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SLF.TO) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Sun Life Financial Inc. to open at $73.88, and during the day (based on 14 day Average True Range), to move between $72.98 and $74.62, which gives a possible trading interval of +/-$0.82 (+/-1.12%) up or down from last closing price. If Sun Life Financial Inc. takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $73.97 (0.23%) than the support at $73.43 (0.50%), 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 Sun Life Financial Inc. 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.
Current score: 2.250 Buy Candidate Unchanged
Predicted Opening Price for Sun Life Financial Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$73.88 ( 0.104%) | $73.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLF.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 74.79 | 1.34 % | |
R2 | 74.44 | 0.87 % | ||
R1 | 74.22 | 0.575 % | ||
Current price: | 73.80 | |||
Support | S1 | 73.53 | -0.367 % | |
S2 | 73.31 | -0.658 % | ||
S3 | 72.97 | -1.13 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 74.04 | 0.325 % | |
R2 | 74.00 | 0.271 % | ||
R1 | 73.97 | 0.230 % | ||
Current price | 73.80 | |||
Support | S1 | 73.43 | -0.501% | |
S2 | 72.08 | -2.33% | ||
S3 | 70.33 | -4.70% |
SLF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Feb 28, 2024 | Mar 28, 2024 | $0.780 | 1.06% |
2 | Feb 07, 2024 | Feb 27, 2024 | Mar 28, 2024 | $0.780 | 1.06% |
3 | Nov 28, 2023 | Nov 28, 2023 | Dec 29, 2023 | $0.750 | 1.09% |
4 | Aug 08, 2023 | Aug 29, 2023 | Sep 29, 2023 | $0.750 | 1.13% |
5 | May 11, 2023 | May 30, 2023 | Jun 30, 2023 | $0.750 | 1.09% |
FAQ
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