Steel Excel Inc. Fund Forecast
Steel Excel Inc. fund upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session.
(Updated on Mar 06, 2017)
No changes to the price of Steel Excel Inc. fund on the last trading day (Monday, 6th Mar 2017). During the last trading day the fund fluctuated 0% from a day low at $16.33 to a day high of $16.33. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 16.45% during the next 3 months and, with a 90% probability hold a price between $16.20 and $19.85 at the end of this 3-month period.
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SXCL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, February 06, 2017, and so far it has risen 0.616%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Steel Excel Inc. fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.33 and $16.48. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Steel Excel Inc. fund
On the downside, the fund finds support just below today's level from accumulated volume at $15.18 and $15.13. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Steel Excel Inc. finds support just below today's level at $15.18. If this is broken, then the next support from accumulated volume will be at $15.13 and $14.79.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SXCL) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Steel Excel Inc. to open at $16.33, and during the day (based on 14 day Average True Range), to move between $16.24 and $16.42, which gives a possible trading interval of +/-$0.0866 (+/-0.53%) up or down from last closing price. If Steel Excel Inc. takes out the full calculated possible swing range there will be an estimated 1.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.40 (0.43%) than the support at $15.18 (7.04%), 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 Steel Excel Inc. fund A Buy?
The Steel Excel Inc. fund holds several negative signals and despite the positive trend, we believe Steel Excel Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this fund. We have upgraded our analysis conclusion for this fund since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.260 Sell Candidate Upgraded
Predicted Opening Price for Steel Excel Inc. of Tuesday, March 7, 2017
| Fair opening price March 7, 2017 | Current price |
|---|---|
| $16.33 ( 0%) | $16.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXCL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.33 | . | |
| R2 | 16.33 | . | ||
| R1 | 16.33 | . | ||
| Current price: | 16.33 | |||
| Support | S1 | 16.33 | . | |
| S2 | 16.33 | . | ||
| S3 | 16.33 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.55 | 1.35 % | |
| R2 | 16.50 | 1.04 % | ||
| R1 | 16.40 | 0.429 % | ||
| Current price | 16.33 | |||
| Support | S1 | 15.18 | -7.04% | |
| S2 | 15.13 | -7.35% | ||
| S3 | 14.79 | -9.43% |
FAQ
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