Strattec Security Corporation Stock Forecast

Red day on Friday for Strattec Security Corporation
(Updated on Apr 26, 2024)

STRT Signals & Forecast

There are mixed signals in the stock today. The Strattec Security Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $23.31. On a fall, the stock will find some support from the short-term average at $22.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should go up by 22.77% to $28.24 within 22 trading days since signal was issued (Monday, April 29, 2024).

Support, Risk & Stop-loss for Strattec Security Corporation stock

Strattec Security Corporation finds support from accumulated volume at $23.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.52%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (STRT) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Strattec Security Corporation to open at $23.00, and during the day (based on 14 day Average True Range), to move between $22.26 and $23.74, which gives a possible trading interval of +/-$0.742 (+/-3.23%) up or down from last closing price. If Strattec Security Corporation takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.00 (0.01%) than the resistance at $24.42 (6.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Strattec Security Corporation stock A Buy?

Strattec Security Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.471 Sell Candidate Unchanged

Predicted Opening Price for Strattec Security Corporation of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.