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 SBOW
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SilverBow Resorces Inc stock price ended at $34.14 on Thursday, after losing 1.59%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 05, 2024 Gain 11.10% PDF

The SilverBow Resorces Inc stock price fell by -1.59% on the last day (Thursday, 28th Mar 2024) from $34.69 to $34.14. During the last trading day the stock fluctuated 3.48% from a day low at $33.77 to a day high of $34.95. The price has been going up and down for this period, and there has been a 2.18% gain for the last 2 weeks. Volume has increased on the last day by 151 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 384 thousand shares were bought and sold for approximately $13.13 million.

The stock lies in the middle of a wide and strong 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 27.88% during the next 3 months and, with a 90% probability hold a price between $38.40 and $46.50 at the end of this 3-month period.

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SBOW Signals & Forecast

The SilverBow Resorces 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 $34.71. On a fall, the stock will find some support from the long-term average at approximately $30.61. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, March 19, 2024, and so far it has fallen -3.70%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for SilverBow Resorces Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $31.94 and $30.73. 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, SilverBow Resorces Inc finds support just below today's level at $31.94. If this is broken, then the next support from accumulated volume will be at $30.73 and $27.49.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.18 between high and low, or 3.48%. For the last week, the stock has had daily average volatility of 2.55%.

Our recommended stop-loss: $32.93 (-3.54%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

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

For the upcoming trading day on Monday, 1st we expect SilverBow Resorces Inc to open at $34.29, and during the day (based on 14 day Average True Range), to move between $33.02 and $35.26, which gives a possible trading interval of +/-$1.12 (+/-3.27%) up or down from last closing price. If SilverBow Resorces Inc takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $34.97 (2.43%) than the support at $31.94 (6.44%), 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 SilverBow Resorces Inc stock A Buy?

SilverBow Resorces Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.175 Hold/Accumulate Unchanged

Predicted Opening Price for SilverBow Resorces Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$34.29 ( 0.425%) $34.14

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

Trading levels for SBOW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.46 3.87 %
R2 35.01 2.55 %
R1 34.73 1.74 %
Current price: 34.14
Support S1 33.84 -0.89 %
S2 33.56 -1.70 %
S3 33.11 -3.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 35.45 3.84 %
R2 35.15 2.96 %
R1 34.97 2.43 %
Current price 34.14
Support S1 31.94 -6.44%
S2 30.73 -9.99%
S3 27.49 -19.48%

FAQ

What is the symbol for SilverBow Resorces Inc Stock and on which exchange is it traded?
The symbol for SilverBow Resorces Inc is SBOW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell SilverBow Resorces Inc Stock?
SilverBow Resorces Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of SilverBow Resorces Inc Stock?
As of the end of day on the 2024-03-28, the price of an SilverBow Resorces Inc (SBOW) share was $34.14.

What is the 52-week high and low for SilverBow Resorces Inc Stock?
The 52-week high for SilverBow Resorces Inc Stock is $43.95 and the 52-week low is $21.09.

What is the market capitalization of SilverBow Resorces Inc Stock?
As of the 2024-03-28, the market capitalization of SilverBow Resorces Inc is 868.167M.

When is the next earnings date for SilverBow Resorces Inc?
The upcoming earnings date for SilverBow Resorces Inc is May 01, 2024.
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About SilverBow Resorces Inc

SilverBow Resorces SilverBow Resources, Inc., an oil and gas company, acquires and develops assets in the Eagle Ford shale and Austin Chalk located in South Texas. As of December 31, 2021, it had proved reserves of 1,416 billion cubic feet of natural gas equivalent. The company was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc. in May 2017. SilverBow Resources, Inc. was founded in 1979 and is headquartered in Houston, Texas... SBOW Profile

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