SLF Price Prediction Next Week
Technical Analysis: SLF is currently showing bearish signals with RSI at 32.66, indicating oversold conditions. The stock has broken below its 20-day SMA of $57.43 and is trading near the lower Bollinger Band at $52.89, suggesting potential for a technical bounce.
Price Targets:
- Support levels: $52.95 (Fibonacci S2)
- Resistance levels: $54.33 (Fibonacci S1)
- Current price: $53.86
News Impact: Recent analyst coverage shows mixed sentiment:
- CIBC maintains Buy rating with C$95 target
- Barclays maintains Hold rating
- Insider sentiment has turned negative with increased selling activity
Technical Indicators:
- MACD (-0.93) shows bearish momentum
- Stochastic RSI (14.71) indicates oversold conditions
- All moving averages (5,10,20-day) show downward trend
Next Week Forecast: Based on technical analysis and current market conditions, SLF is expected to trade between $52.95-$54.33. The most likely scenario is a slight technical rebound to test $54.33 resistance level due to oversold conditions.
Recommendation: HOLD Current technical indicators suggest avoiding new positions until price stabilizes. While oversold conditions might trigger a short-term bounce, the overall trend remains bearish with negative insider sentiment.
Target Price: $54.33 (short-term resistance)
SLF Similar Chart Price Prediction
The price of SLF is predicted to go up 1.07%, based on the high correlation periods with TPC. The similarity of these two price pattern on the periods is 94.52%.
SLF
TPC
Up: 1.07%Similarity: 94.52%
SLF Revenue Forecast
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SLF VS S&P500
Sun Life has a dominant market position in many segments in the Canadian market and generates decent returns.
Sun Life generates about 40% of its earnings from the asset and wealth management segment, which is comparatively less risky and is a source of stable cash flows.
The company will be a net beneficiary of higher interest rates in the long run as it can reinvest its maturing fixed-income securities at a higher yield.
