For February 2024 fair price for SEI is 0 point $0.72. On Feb 4, SEI seems to be in Oversold area (Buy signal).
However, be cautioned that the price just crossed below the 50-day moving average, which is not a good sign. I would wait for recovery above that before buying
Until Dec 12 Fair Price was $35.91.
Dec 1 price jump shifted
Fair Price up to $41.84.
Oversold above $44.60 (sell signal)
Oversold below $40.06 (buy signal)
Key numbers for next 19 Days:
30.66 (lower Fair Price),
34.66 (resistance), and
38.66 (Expected Fair Price)
On Aug 21 my estimated FAIR PRICE for the next couple of days is 30.66.
Over the next 19 days my 19-DAY FAIR PRICE is 38.66 if the price manages to cross above 34.66.
If the price does not cross above 34.66 then FAIR PRICE will remain at 30.66....
Here is my analysis based on market profile point of control (POC; using VSFR), prices range and fair price from the week before.
Will it remain in range in expected price range, cross overbought and jump to the next range, cross oversold and fall below range?
Enjoy!
