Standex International Corporation Stock Forecast
Standex International Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Standex International Corporation stock price fell by -1.16% on the last day (Friday, 3rd May 2024) from $177.02 to $174.96. During the last trading day the stock fluctuated 6.72% from a day low at $164.77 to a day high of $175.85. The price has risen in 7 of the last 10 days and is up by 4.43% over the past 2 weeks. Volume has increased on the last day by 43 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, 108 thousand shares were bought and sold for approximately $18.94 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.57% during the next 3 months and, with a 90% probability hold a price between $178.40 and $206.77 at the end of this 3-month period.
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SXI Signals & Forecast
The Standex International Corporation 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 $174.23 and $174.52. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -4.49%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Standex International Corporation stock
Standex International Corporation finds support from accumulated volume at $173.11 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $11.08 between high and low, or 6.72%. For the last week the stock has had daily average volatility of 3.47%.
Our recommended stop-loss: $168.42 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (SXI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Standex International Corporation to open at $171.86, and during the day (based on 14 day Average True Range), to move between $170.48 and $179.44, which gives a possible trading interval of +/-$4.48 (+/-2.56%) up or down from last closing price. If Standex International Corporation takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $175.71 (0.43%) than the support at $173.11 (1.06%), 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 Standex International Corporation stock A Buy?
Standex International Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.329 Hold/Accumulate Downgraded
Predicted Opening Price for Standex International Corporation of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$171.86 ( 1.77%) | $174.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 182.94 | 4.56 % | |
R2 | 178.71 | 2.14 % | ||
R1 | 176.09 | 0.647 % | ||
Current price: | 174.96 | |||
Support | S1 | 167.63 | -4.19 % | |
S2 | 165.01 | -5.69 % | ||
S3 | 160.78 | -8.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 180.17 | 2.98 % | |
R2 | 179.78 | 2.75 % | ||
R1 | 175.71 | 0.429 % | ||
Current price | 174.96 | |||
Support | S1 | 173.11 | -1.06% | |
S2 | 169.68 | -3.02% | ||
S3 | 154.76 | -11.55% |
SXI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | $0 | 0% |
2 | Jan 26, 2024 | Feb 12, 2024 | Feb 26, 2024 | $0.300 | 0.180% |
3 | Jan 26, 2024 | Feb 09, 2024 | Feb 26, 2024 | $0.300 | 0.180% |
4 | Oct 26, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.300 | 0.219% |
5 | Jul 27, 2023 | Aug 08, 2023 | Aug 25, 2023 | $0.280 | 0.179% |
FAQ
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