Stewart Information Services Corporation Stock Forecast
Stewart Information Services Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The Stewart Information Services Corporation stock price gained 2.29% on the last trading day (Thursday, 9th May 2024), rising from $62.43 to $63.86. During the last trading day the stock fluctuated 3.48% from a day low at $62.04 to a day high of $64.20. The price has risen in 6 of the last 10 days and is up by 3.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 149 thousand shares were bought and sold for approximately $9.54 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Stewart Information Services Corporation stock with a 90% probability to be traded between $59.40 and $66.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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STC Signals & Forecast
Mostly positive signals in the chart today. The Stewart Information Services Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $62.85 and $62.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.90%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Stewart Information Services Corporation stock
Stewart Information Services Corporation finds support from accumulated volume at $61.27 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 $2.16 between high and low, or 3.48%. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: $60.66 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (STC) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Stewart Information Services Corporation to open at $63.37, and during the day (based on 14 day Average True Range), to move between $62.20 and $65.52, which gives a possible trading interval of +/-$1.66 (+/-2.59%) up or down from last closing price. If Stewart Information Services Corporation takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $64.03 (0.27%) than the support at $61.27 (4.06%), 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 Stewart Information Services Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Stewart Information Services Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.391 Buy Candidate Upgraded
Predicted Opening Price for Stewart Information Services Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $63.37 ( 0.773%) | $63.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.53 | 2.61 % | |
| R2 | 64.70 | 1.32 % | ||
| R1 | 64.19 | 0.520 % | ||
| Current price: | 63.86 | |||
| Support | S1 | 62.54 | -2.06 % | |
| S2 | 62.03 | -2.86 % | ||
| S3 | 61.21 | -4.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.06 | 1.88 % | |
| R2 | 64.13 | 0.423 % | ||
| R1 | 64.03 | 0.266 % | ||
| Current price | 63.86 | |||
| Support | S1 | 61.27 | -4.06% | |
| S2 | 60.88 | -4.67% | ||
| S3 | 60.62 | -5.07% |
STC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.475 | 0.730% |
| 2 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.475 | 0.81% |
| 3 | Sep 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.480 | 1.10% |
| 4 | Jun 01, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.450 | 1.09% |
| 5 | Mar 01, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.450 | 1.12% |
FAQ
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