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Takip Edin: @UscMarketsSNMCY Stock Forecast & Suncorp Group Limited Chart Analysis
This article provides a detailed analysis of SNMCY-Suncorp Group Limited stock including a forecast for SNMCY shares. It features Suncorp 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
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SNMCY Historical Data Review
SNMCY Current Price Performance Analysis
The Suncorp Group Limited - SNMCY stock traded on the American stock market, on 06-05-2024, closed at 10.54$ with no change compared to the previous day.
In the last month, the price of SNMCY changed by %-3.30 decreased in value, from 10.9 dollars on 05-06-2024 to 10.54 dollars, decreased.
Last year, the price of SNMCY was 8.86 dollars on 06-06-2023, and changed by %18.96 increased in value, to 10.54 dollars increased within a year.
The price of Suncorp Group Limited 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.
SNMCY with AI Stock Forecast & Price Target
On the SNMCY chart Suncorp Group Limited price was recorded as 10.54 Dollars on 06/05/2024.
The artificial intelligence's forecast on SNMCY stock is as follows.
The artificial intelligence's prediction error margin for SNMCY 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 Suncorp Group Limited stock over the next 4 months is: 10.7 Dollars.
The commentary on SNMCY stock Target Price: Highest: 11.226 Dollars is predicted.
The commentary on SNMCY stock Target Price: Lowest: 10.286 Dollars is predicted.
Resistance Price where Suncorp Group Limited stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-10-2024 | 11.226 |
| 09-13-2024 | 10.690 |
| 12-17-2024 | 10.828 |
| 02-20-2025 | 10.443 |
Support Price where Suncorp Group Limited stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 10.667 |
| 10-28-2024 | 10.286 |
| 01-21-2025 | 10.286 |
| 03-07-2025 | 10.366 |
The commentary on SNMCY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Suncorp Group Limited stock by the end of 2024 is predicted to be 10.727 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SNMCY stock, and the 2024 target price predictions for Suncorp Group Limited are detailed above.
The technical analysis and charts for the commentary on SNMCY stock are below.
SNMCY Support & Resistance and Trend Analysis
SNMCY stock you have reviewed the technical analysis support resistance charts regarding.
SNMCY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SNMCY review, the Suncorp Group Limited 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.
Suncorp Group Limited Support and Resistance Prices:
| SNMCY Support Level Price | SNMCY Resistance Level Price |
|---|---|
| 8.62 | 9.11 |
| 8.72 | 9.36 |
| 8.95 | 9.41 |
| 9.00 | 9.57 |
| 9.09 | 9.69 |
| 9.67 | 10.13 |
| 9.90 | 10.36 |
| 10.32 | 11.14 |
| 11.20 |
SNMCY Technical Analysis: SMA, RSI, MACD
Upon reviewing the SNMCY chart, buy and sell signals have been generated in the Suncorp Group Limited 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 SNMCY stock are as follows:- SNMCY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Suncorp Group Limited gave a 'Buy' signal when the RSI was at 26.549, with the current RSI value at 36.154.
- The technical analysis for Suncorp Group Limited 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.
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