Superior Industries International Inc Stock Forecast
Superior Industries International Inc stock price down 3.09% on Wednesday
(Updated on Apr 24, 2024)
The Superior Industries International Inc stock price fell by -3.09% on the last day (Wednesday, 24th Apr 2024) from $3.88 to $3.76. During the last trading day the stock fluctuated 5.93% from a day low at $3.71 to a day high of $3.93. The price has been going up and down for this period, and there has been a -4.57% loss for the last 2 weeks. 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 -80 thousand shares and in total, 26 thousand shares were bought and sold for approximately $96.52 thousand.
The stock lies in the middle of a very wide and weak 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 9.99% during the next 3 months and, with a 90% probability hold a price between $3.26 and $4.77 at the end of this 3-month period.
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SUP Signals & Forecast
The Superior Industries International 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 $3.79. On a fall, the stock will find some support from the long-term average at approximately $3.31. 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 Tuesday, April 09, 2024, and so far it has fallen -11.94%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-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 12 Months
The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-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 Superior Industries International Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.55 and $3.22. 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, Superior Industries International Inc finds support just below today's level at $3.55. If this is broken, then the next support from accumulated volume will be at $3.22 and $3.11.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.220 between high and low, or 5.93%. For the last week the stock has had daily average volatility of 6.69%.
Our recommended stop-loss: $3.54 (-5.82%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (SUP) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Superior Industries International Inc to open at $3.80, and during the day (based on 14 day Average True Range), to move between $3.52 and $4.00, which gives a possible trading interval of +/-$0.242 (+/-6.43%) up or down from last closing price. If Superior Industries International Inc takes out the full calculated possible swing range there will be an estimated 12.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.81 (1.33%) than the support at $3.55 (5.59%), 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
Superior Industries International Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.85. We will update the financials statements for Superior Industries International Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 16.54% in the first trading day after earnings release.
Is Superior Industries International 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 Superior Industries International Inc stock to perform well in the short-term.
Current score: 1.075 Buy Candidate Unchanged
Predicted Opening Price for Superior Industries International Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $3.80 ( 1.06%) | $3.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.02 | 6.91 % | |
| R2 | 3.94 | 4.68 % | ||
| R1 | 3.88 | 3.30 % | ||
| Current price: | 3.76 | |||
| Support | S1 | 3.72 | -1.17 % | |
| S2 | 3.66 | -2.55 % | ||
| S3 | 3.58 | -4.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.27 | 13.56 % | |
| R2 | 4.26 | 13.30 % | ||
| R1 | 3.81 | 1.33 % | ||
| Current price | 3.76 | |||
| Support | S1 | 3.55 | -5.59% | |
| S2 | 3.22 | -14.36% | ||
| S3 | 3.11 | -17.29% |
SUP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2019 | Jul 03, 2019 | Jul 19, 2019 | $0.0900 | 3.41% |
| 2 | Mar 04, 2019 | Apr 03, 2019 | Apr 18, 2019 | $0.0900 | 1.46% |
| 3 | Dec 04, 2018 | Jan 03, 2019 | Jan 18, 2019 | $0.0900 | 1.54% |
| 4 | Sep 05, 2018 | Oct 04, 2018 | Oct 19, 2018 | $0.0900 | 0.723% |
| 5 | Jun 05, 2018 | Jul 03, 2018 | Jul 19, 2018 | $0.0900 | 0.517% |
FAQ
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