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Takip Edin: @UscMarketsSGBLY Stock Forecast & Standard Bank Group Chart Analysis
This article provides a detailed analysis of SGBLY-Standard Bank Group stock including a forecast for SGBLY shares. It features Standard Bank Group Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
SGBLY Historical Data Review
SGBLY Current Price Performance Analysis
The Standard Bank Group - SGBLY stock traded on the American stock market, on 06-05-2024, closed at 9.64$ with a %-3.60 decreased compared to the previous day.
In the last month, the price of SGBLY changed by %-2.82 decreased in value, from 9.92 dollars on 05-06-2024 to 9.64 dollars, decreased.
Last year, the price of SGBLY was 8.3 dollars on 06-06-2023, and changed by %16.14 increased in value, to 9.64 dollars increased within a year.
The price of Standard Bank Group stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
SGBLY with AI Stock Forecast & Price Target
On the SGBLY chart Standard Bank Group price was recorded as 9.64 Dollars on 06/05/2024.
The artificial intelligence's forecast on SGBLY stock is as follows.
The artificial intelligence's prediction error margin for SGBLY stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Standard Bank Group stock over the next 4 months is: 9.2 Dollars.
The commentary on SGBLY stock Target Price: Highest: 10.177 Dollars is predicted.
The commentary on SGBLY stock Target Price: Lowest: 7.883 Dollars is predicted.
Resistance Price where Standard Bank Group stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 10.177 |
| 09-18-2024 | 8.633 |
| 02-20-2025 | 9.839 |
Support Price where Standard Bank Group stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 8.590 |
| 10-28-2024 | 7.883 |
| 03-17-2025 | 9.636 |
The commentary on SGBLY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Standard Bank Group stock by the end of 2024 is predicted to be 9.256 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SGBLY stock, and the 2024 target price predictions for Standard Bank Group are detailed above.
The technical analysis and charts for the commentary on SGBLY stock are below.
SGBLY Support & Resistance and Trend Analysis
SGBLY stock you have reviewed the technical analysis support resistance charts regarding.
SGBLY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SGBLY review, the Standard Bank Group support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Standard Bank Group Support and Resistance Prices:
| SGBLY Support Level Price | SGBLY Resistance Level Price |
|---|---|
| 8.69 | 10.00 |
| 8.70 | 10.39 |
| 9.10 | 10.66 |
| 9.43 | 10.85 |
| 9.77 | 10.89 |
| 10.05 | 11.01 |
| 10.11 | 11.06 |
| 10.13 | 11.11 |
| 10.16 | 11.15 |
| 10.33 | 11.41 |
| 10.34 | 11.50 |
| 10.45 | |
| 10.68 |
SGBLY Technical Analysis: SMA, RSI, MACD
Upon reviewing the SGBLY chart, buy and sell signals have been generated in the Standard Bank Group technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for SGBLY stock are as follows:- The technical analysis for SGBLY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Standard Bank Group indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Standard Bank Group stock: Click here to read more predictions on Repsol stock.
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