SEACOR Marine Holdings Inc Stock Forecast
Red day on Thursday for SEACOR Marine Holdings Inc
(Updated on Apr 25, 2024)
No changes to the price of SEACOR Marine Holdings Inc stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 2.53% from a day low at $12.27 to a day high of $12.58. The price has fallen in 7 of the last 10 days and is down by -6.3% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.30 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 31.91% during the next 3 months and, with a 90% probability hold a price between $16.22 and $20.36 at the end of this 3-month period.
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SMHI Signals & Forecast
There are mixed signals in the stock today. The SEACOR Marine Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.27. On a fall, the stock will find some support from the short-term average at $12.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -14.04%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for SEACOR Marine Holdings Inc stock
SEACOR Marine Holdings Inc finds support from accumulated volume at $12.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.310 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 4.11%.
SEACOR Marine Holdings Inc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMHI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SEACOR Marine Holdings Inc to open at $12.45, and during the day (based on 14 day Average True Range), to move between $11.99 and $12.99, which gives a possible trading interval of +/-$0.496 (+/-3.97%) up or down from last closing price. If SEACOR Marine Holdings Inc takes out the full calculated possible swing range there will be an estimated 7.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.45 (0.32%) than the resistance at $12.76 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SEACOR Marine Holdings Inc will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.430. We will update the financials statements for SEACOR Marine Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.95% in the first trading day after earnings release.
Is SEACOR Marine Holdings Inc stock A Buy?
SEACOR Marine Holdings Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.771 Sell Candidate Unchanged
Predicted Opening Price for SEACOR Marine Holdings Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $12.45 ( 0.347%) | $12.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.76 | 2.14 % | |
| R2 | 12.64 | 1.19 % | ||
| R1 | 12.57 | 0.601 % | ||
| Current price: | 12.49 | |||
| Support | S1 | 12.33 | -1.30 % | |
| S2 | 12.26 | -1.88 % | ||
| S3 | 12.14 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.94 | 11.61 % | |
| R2 | 13.64 | 9.21 % | ||
| R1 | 12.76 | 2.16 % | ||
| Current price | 12.49 | |||
| Support | S1 | 12.45 | -0.320% | |
| S2 | 12.11 | -3.04% | ||
| S3 | 10.71 | -14.25% |
FAQ
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