Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of SCHN will - over the next 2 Weeks and hit - by . In that time frame, SCHN's share price is expected to range between - and -.
BearishAverageBullishSCHN shares fell -0.57% in Thursday, August 31, 2023's trading session, dropping from a previous close of $33.39 to move at $33.20. The stock demonstrated notable intraday movement (see SCHN's key stats for a full breakdown), fluctuating between $33.13 and $33.92, a +2.38% trading range. While recent weeks have seen some volatility, SCHN has managed to secure a +15.72% gain over the past 2 weeks. The downward price movement was accompanied by decreased trading volume, with approximately 89.25K shares changing hands, 49.45K fewer than the previous session. This amounted to $2.96M in total market activity.
Will SCHN Continue Its Trend?
According to analyst ratings and projections for SCHN, Schnitzer Steel Industries, Inc. shares are anticipated to remain stable by -, potentially reaching - per share by January 1, 1970. Short-term technical indicators for SCHN currently suggest a bearish sentiment. This aligns with the stock's recent performance, as it has recorded 19 negative trading days within the past 30 sessions. Based on the SCHN stock forecast, now is not the best time to buy SCHN stock because its current trading price is - our predicted value, hinting at a possible . For deeper insights, view our sentiment analysis on SCHN covering social and institutional perspectives.
SCHN Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into SCHN's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 39.70% to 41.78%) suggest mixed signals, with the stock in a neutral to slightly bearish momentum phase. The 50-day RSI, at 44.95%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 47.02%, maintains a neutral outlook for the long term. Insights into SCHN's shareholder base show how institutional investors are positioning themselves during these momentum shifts

