Technical Analysis

Technical Analysis of Sirius XM Holdings (SIRI)

Current Price and Recent Performance

As of the latest data on 2025-03-07, Sirius XM Holdings (SIRI) is trading at $25.185. The stock showed a significant increase during regular market hours, closing at $25.23, up 6.23% from the previous close. The trading volume was 6,599,414 shares, indicating strong investor interest.

Technical Indicators

• Relative Strength Index (RSI):
  The RSI for SIRI is 65.54 (6-day) and 56.74 (14-day). These values are within the neutral range, suggesting that the stock is not currently overbought or oversold.

• Stochastic Oscillator:
  The Stochastic %K is at 25.61, and %D is at 16.34. Since %K is below %D, this could indicate a bearish signal, but the values are in the lower range, suggesting a potential buy signal if the trend reverses.

• MACD:
  The MACD line is at -0.01, the MACD Histogram is at -0.15, and the Signal line is at 0.14. The MACD is below the Signal line, which is a bearish signal, but the proximity of the lines suggests a potential crossover.

• Bollinger Bands:
  The stock is trading near the upper Bollinger Band ($25.00), with a lower band at $23.67. This suggests that the stock may be approaching overbought territory.

• Fibonacci Levels:
  Key levels include a pivot at $24.25, resistance at $25.30 (R1), and support at $23.20 (S1).

Price Action and Volume

The stock closed at $25.23, near the day's high of $25.355, indicating strong buying pressure. The volume exceeded the 20-day average, supporting the bullish move.

Conclusion and Recommendation

While the MACD and Stochastic Oscillator suggest bearish signals, the strong price action and high volume indicate potential bullish momentum. The stock is nearing the upper Bollinger Band, which could signal a pullback.

Recommendation:

• Buy at the pivot level of $24.25 with a target of $25.30.
• Set a stop-loss below $23.20 to limit downside risk.

This strategy aims to capitalize on the potential uptrend while managing risk.