SM Energy Company Stock Forecast
SM Energy Company stock price ended at $49.29 on Wednesday, after losing 1.99%.
(Updated on Apr 17, 2024)
The SM Energy Company stock price fell by -1.99% on the last day (Wednesday, 17th Apr 2024) from $50.29 to $49.29. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.47% from a day low at $48.81 to a day high of $50.51. The price has fallen in 7 of the last 10 days and is down by -5.21% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -73 thousand shares and in total, 1 million shares were bought and sold for approximately $62.03 million.
Given the current short-term trend, the stock is expected to rise 52.98% during the next 3 months and, with a 90% probability hold a price between $75.40 and $84.49 at the end of this 3-month period.
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SM Signals & Forecast
The SM Energy Company 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 $50.94. On a fall, the stock will find some support from the long-term average at approximately $48.22. 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. 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 05, 2024, and so far it has fallen -6.58%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SM Energy Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $46.79 and $44.43. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SM Energy Company finds support just below today's level at $46.79. If this is broken, then the next support from accumulated volume will be at $44.43 and $41.34.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.70 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: $46.55 (-5.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (SM) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect SM Energy Company to open at $49.54, and during the day (based on 14 day Average True Range), to move between $48.05 and $50.53, which gives a possible trading interval of +/-$1.24 (+/-2.52%) up or down from last closing price. If SM Energy Company takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.74 (4.97%) than the support at $46.79 (5.07%), 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.
Earnings coming up
SM Energy Company will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.30. We will update the financials statements for SM Energy Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.77% in the first trading day after earnings release.
Is SM Energy Company 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 SM Energy Company stock to perform well in the short-term.
Current score: 3.746 Buy Candidate Unchanged
Predicted Opening Price for SM Energy Company of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $49.54 ( 0.497%) | $49.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.23 | 3.94 % | |
| R2 | 50.58 | 2.62 % | ||
| R1 | 50.18 | 1.81 % | ||
| Current price: | 49.29 | |||
| Support | S1 | 48.89 | -0.82 % | |
| S2 | 48.49 | -1.63 % | ||
| S3 | 47.84 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.76 | 7.04 % | |
| R2 | 52.41 | 6.33 % | ||
| R1 | 51.74 | 4.97 % | ||
| Current price | 49.29 | |||
| Support | S1 | 46.79 | -5.07% | |
| S2 | 44.43 | -9.86% | ||
| S3 | 41.34 | -16.13% |
SM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 03, 2024 | $0.180 | 0.365% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Feb 05, 2024 | $0.180 | 0.504% |
| 3 | Sep 28, 2023 | Oct 23, 2023 | Nov 06, 2023 | $0.150 | 0.385% |
| 4 | Jun 28, 2023 | Jul 20, 2023 | Aug 07, 2023 | $0.150 | 0.386% |
| 5 | Mar 28, 2023 | Apr 20, 2023 | May 05, 2023 | $0.150 | 0.557% |
FAQ
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