RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SSL
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Sasol Ltd stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Sasol Ltd stock price gained 2.09% on the last trading day (Thursday, 28th Mar 2024), rising from $7.65 to $7.81. During the last trading day the stock fluctuated 1.56% from a day low at $7.71 to a day high of $7.83. The price has risen in 6 of the last 10 days and is up by 6.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 496 thousand shares were bought and sold for approximately $3.87 million.

Given the current short-term trend, the stock is expected to fall -22.71% during the next 3 months and, with a 90% probability hold a price between $5.29 and $6.04 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SSL Signals & Forecast

Mostly positive signals in the chart today. The Sasol Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.70 and $7.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 9.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Sasol Ltd stock

Sasol Ltd finds support from accumulated volume at $7.70 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 $0.120 between high and low, or 1.56%. For the last week, the stock has had daily average volatility of 2.45%.

Our recommended stop-loss: $7.50 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (SSL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sasol Ltd to open at $7.78, and during the day (based on 14 day Average True Range), to move between $7.55 and $8.07, which gives a possible trading interval of +/-$0.256 (+/-3.27%) up or down from last closing price. If Sasol Ltd takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.70 (1.41%) than the resistance at $8.02 (2.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sasol Ltd stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.344 Buy Candidate Upgraded

Predicted Opening Price for Sasol Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.78 ( 0.341%) $7.81

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SSL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.90 1.20 %
R2 7.86 0.608 %
R1 7.83 0.245 %
Current price: 7.81
Support S1 7.74 -0.93 %
S2 7.71 -1.29 %
S3 7.66 -1.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.62 10.37 %
R2 8.54 9.35 %
R1 8.02 2.69 %
Current price 7.81
Support S1 7.70 -1.41%
S2 7.69 -1.54%
S3 7.66 -1.92%

SSL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 26, 2024 Mar 14, 2024 Mar 29, 2024 $0.0829 1.06%
2 Aug 23, 2023 Sep 14, 2023 Sep 29, 2023 $0.532 3.89%
3 Feb 21, 2023 Mar 09, 2023 Mar 24, 2023 $0.387 3.04%
4 Aug 31, 2022 Sep 08, 2022 Sep 23, 2022 $0.87 5.34%
5 Feb 26, 2019 Mar 14, 2019 Mar 28, 2019 $0.426 1.38%

FAQ

What is the symbol for Sasol Ltd Stock and on which exchange is it traded?
The symbol for Sasol Ltd is SSL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sasol Ltd Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Sasol Ltd Stock?
Sasol Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sasol Ltd Stock.

What's the current price of Sasol Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Sasol Ltd (SSL) share was $7.81.

What is the 52-week high and low for Sasol Ltd Stock?
The 52-week high for Sasol Ltd Stock is $14.49 and the 52-week low is $7.10.

What is the market capitalization of Sasol Ltd Stock?
As of the 2024-03-28, the market capitalization of Sasol Ltd is 4.915B.
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About Sasol Ltd

Sasol Ltd Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon. The company also markets and sells liquid fuels, pipelin... SSL Profile

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