LS Starrett Company (The) Stock Forecast
Red day on Thursday for LS Starrett Company (The) stock after losing 0.124%
(Updated on May 02, 2024)
The LS Starrett Company (The) stock price fell by -0.124% on the last day (Thursday, 2nd May 2024) from $16.10 to $16.08. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.373% from a day low at $16.07 to a day high of $16.13. The price has fallen in 5 of the last 10 days but is still up by 0.44% over the past 2 weeks. Volume has increased on the last day by 3 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, 44 thousand shares were bought and sold for approximately $699.90 thousand.
The stock lies in the middle of a wide and strong 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 46.84% during the next 3 months and, with a 90% probability hold a price between $20.95 and $25.85 at the end of this 3-month period.
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SCX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.433%. 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). LS Starrett Company (The) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The LS Starrett Company (The) 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 $16.07 and $15.94. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for LS Starrett Company (The) stock
LS Starrett Company (The) finds support from accumulated volume at $16.03 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 $0.0600 between high and low, or 0.373%. For the last week the stock has had daily average volatility of 0.408%.
Our recommended stop-loss: $15.61 (-2.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SCX) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect LS Starrett Company (The) to open at $16.09, and during the day (based on 14 day Average True Range), to move between $15.97 and $16.19, which gives a possible trading interval of +/-$0.110 (+/-0.69%) up or down from last closing price. If LS Starrett Company (The) takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.10 (0.12%) than the support at $16.03 (0.31%), 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 LS Starrett Company (The) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for LS Starrett Company (The) stock to perform well in the short-term.
Current score: 1.897 Buy Candidate Unchanged
Predicted Opening Price for LS Starrett Company (The) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $16.09 ( 0.0829%) | $16.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.15 | 0.456 % | |
| R2 | 16.13 | 0.314 % | ||
| R1 | 16.12 | 0.225 % | ||
| Current price: | 16.08 | |||
| Support | S1 | 16.07 | -0.0596 % | |
| S2 | 16.06 | -0.148 % | ||
| S3 | 16.03 | -0.290 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.15 | 0.435 % | |
| R2 | 16.11 | 0.187 % | ||
| R1 | 16.10 | 0.124 % | ||
| Current price | 16.08 | |||
| Support | S1 | 16.03 | -0.311% | |
| S2 | 16.01 | -0.435% | ||
| S3 | 15.76 | -1.99% |
SCX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2017 | Dec 18, 2017 | Dec 29, 2017 | $0.100 | 1.16% |
| 2 | Sep 07, 2017 | Sep 18, 2017 | Sep 29, 2017 | $0.100 | 1.12% |
| 3 | Jun 09, 2017 | Jun 16, 2017 | Jun 29, 2017 | $0.100 | 1.18% |
| 4 | Mar 08, 2017 | Mar 10, 2017 | Mar 30, 2017 | $0.100 | 0.94% |
| 5 | Dec 08, 2016 | Dec 16, 2016 | Dec 30, 2016 | $0.100 | 1.08% |
FAQ
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