Staffing 360 Solutions Stock Forecast
Is Staffing 360 Solutions stock still a buy after falling -6.13% on Wednesday?
(Updated on Apr 24, 2024)
The Staffing 360 Solutions stock price fell by -6.13% on the last day (Wednesday, 24th Apr 2024) from $0.279 to $0.262. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 8.81% from a day low at $0.261 to a day high of $0.284. The price has fallen in 7 of the last 10 days and is down by -18.16% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -706 shares and in total, 74 thousand shares were bought and sold for approximately $19.32 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.272) are considered to be a "second chance" to get out. According to the fan-theory $0.186 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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STAF Signals & Forecast
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. The Staffing 360 Solutions stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.293 and $0.304. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -18.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, March 04, 2024 with a target of $0.327. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Staffing 360 Solutions stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0230 between high and low, or 8.81%. For the last week the stock has had daily average volatility of 12.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STAF) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Staffing 360 Solutions to open at $0.269, and during the day (based on 14 day Average True Range), to move between $0.228 and $0.295, which gives a possible trading interval of +/-$0.0336 (+/-12.82%) up or down from last closing price. If Staffing 360 Solutions takes out the full calculated possible swing range there will be an estimated 25.63% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.312, some $0.0501 (19.13%) from the current price of $0.262, our system finds the risk reward not very attractive.
Is Staffing 360 Solutions stock A Buy?
Staffing 360 Solutions holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.581 Strong Sell Candidate Unchanged
Predicted Opening Price for Staffing 360 Solutions of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.269 ( 2.70%) | $0.262 |
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 | 0.292 | 11.48 % | |
| R2 | 0.283 | 8.13 % | ||
| R1 | 0.278 | 6.05 % | ||
| Current price: | 0.262 | |||
| Support | S1 | 0.260 | -0.656 % | |
| S2 | 0.255 | -2.73 % | ||
| S3 | 0.246 | -6.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.327 | 24.93 % | |
| R2 | 0.320 | 22.18 % | ||
| R1 | 0.312 | 19.13 % | ||
| Current price | 0.262 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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