SEB Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Seaboard Corp. (SEB) is currently trading at $2672.63 as of 2025-03-24. The stock's technical indicators suggest a bearish trend:
- RSI: The RSI values (48.29 for RSI_6, 49.38 for RSI_12, and 49.99 for RSI_14) indicate that the stock is in a bearish range but not yet oversold.
- MACD: The MACD line is above the signal line (5.56 vs. -14.80), but the MACD histogram is negative, suggesting bearish momentum.
- Stochastic Oscillator: The Stochastic K (36.28) and D (35.56) are both below 50, indicating bearish momentum.
Fibonacci Levels:
The Fibonacci levels for SEB are as follows:
- Pivot Point: 2772.06
- R1 (Resistance): 2907.57
- S1 (Support): 2636.55
The stock is currently below the pivot point, suggesting bearish pressure.
News Impact:
Recent news indicates that China has imposed tariffs on U.S. agricultural products, including soybeans, which could negatively impact Seaboard Corp. (SEB) as it is involved in agricultural exports. This could lead to increased selling pressure on the stock.
Dividend Impact:
SEB will trade ex-dividend on 11/8/24, which may cause a slight dip in the stock price due to selling by investors to capture the dividend without the dividend rights.
Price Prediction:
Based on the technical indicators and news sentiment, SEB is expected to drop to its support level of $2636.55 next week.
Recommendation:
Sell SEB as the technical indicators and news sentiment suggest a bearish trend.
SEB Similar Chart Price Prediction
The price of SEB is predicted to go up -0.18%, based on the high correlation periods with GJT. The similarity of these two price pattern on the periods is 93.12%.
SEB
GJT
Down: -0.18%Similarity: 93.12%
