Staffing 360 Solutions Stock Forecast
Big movements in Staffing 360 Solutions stock price on Thursday moving 12.68% between high and low
(Updated on Apr 18, 2024)
The Staffing 360 Solutions stock price fell by -0.775% on the last day (Thursday, 18th Apr 2024) from $0.322 to $0.320. During the last trading day the stock fluctuated 12.68% from a day low at $0.284 to a day high of $0.320. The price has risen in 6 of the last 10 days and is up by 10.39% over the past 2 weeks. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 22 thousand shares were bought and sold for approximately $6.99 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.35% during the next 3 months and, with a 90% probability hold a price between $0.252 and $0.347 at the end of this 3-month period.
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STAF Signals & Forecast
The Staffing 360 Solutions stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.308 and $0.313. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 13.84%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Staffing 360 Solutions gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Monday, April 01, 2024 and based on theory for this formation the price should go up by 38.92% to $0.444 within 33 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Staffing 360 Solutions stock
Staffing 360 Solutions finds support from accumulated volume at $0.312 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0360 between high and low, or 12.68%. For the last week, the stock has had daily average volatility of 10.84%.
Our recommended stop-loss: $0.311 (-2.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (STAF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Staffing 360 Solutions to open at $0.308, and during the day (based on 14 day Average True Range), to move between $0.288 and $0.352, which gives a possible trading interval of +/-$0.0318 (+/-9.93%) up or down from last closing price. If Staffing 360 Solutions takes out the full calculated possible swing range there will be an estimated 19.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.327 (2.28%) than the support at $0.312 (2.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Staffing 360 Solutions stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.544 Buy Candidate Unchanged
Predicted Opening Price for Staffing 360 Solutions of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.308 ( 3.73%) | $0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STAF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.344 | 7.52 % | |
| R2 | 0.330 | 3.22 % | ||
| R1 | 0.322 | 0.569 % | ||
| Current price: | 0.320 | |||
| Support | S1 | 0.294 | -8.03 % | |
| S2 | 0.286 | -10.69 % | ||
| S3 | 0.272 | -14.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.376 | 17.47 % | |
| R2 | 0.364 | 13.66 % | ||
| R1 | 0.327 | 2.28 % | ||
| Current price | 0.320 | |||
| Support | S1 | 0.312 | -2.47% | |
| S2 | 0.310 | -3.16% | ||
| S3 | 0.288 | -9.97% |
STAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 27, 2019 | Dec 12, 2019 | Dec 27, 2019 | $0.600 | 1.14% |
| 2 | Aug 15, 2019 | Aug 21, 2019 | Sep 06, 2019 | $0.600 | 0.82% |
| 3 | Apr 30, 2019 | May 16, 2019 | May 30, 2019 | $0.600 | 0.617% |
| 4 | Jan 30, 2019 | Feb 14, 2019 | Feb 28, 2019 | $0.600 | 0.667% |
FAQ
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