Stantec Inc Stock Forecast

Red day on Monday for Stantec Inc
(Updated on Apr 15, 2024)

STN Signals & Forecast

There are few to no technical positive signals at the moment. The Stantec Inc 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 $80.93 and $83.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -7.91%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Stantec Inc stock

Stantec Inc finds support from accumulated volume at $78.99 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 $2.03 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 1.60%.

Stantec Inc is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $75.58 (-5.09%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 19 which reduces the risk some. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (STN) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Stantec Inc to open at $80.03, and during the day (based on 14 day Average True Range), to move between $78.22 and $81.06, which gives a possible trading interval of +/-$1.42 (+/-1.79%) up or down from last closing price. If Stantec Inc takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $78.99 (0.82%) than the resistance at $83.04 (4.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Stantec Inc stock A Buy?

Stantec Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.185 Hold/Accumulate Unchanged

Predicted Opening Price for Stantec Inc of Tuesday, April 16, 2024

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