StarHub Ltd Stock Forecast
Red day on Tuesday for StarHub Ltd
(Updated on May 07, 2024)
No changes to the price of StarHub Ltd stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0.85% from a day low at S$1.17 to a day high of S$1.18. The price has been going up and down for this period, and there has been a -4.07% loss for the last 2 weeks.
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 5.88% during the next 3 months and, with a 90% probability hold a price between S$1.21 and S$1.33 at the end of this 3-month period.
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CC3.SI Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The StarHub Ltd 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 S$1.19 and S$1.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -5.60%. 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).
Support, Risk & Stop-loss for StarHub Ltd stock
StarHub Ltd finds support from accumulated volume at S$1.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved S$0.0100 (0.85%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CC3.SI) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect StarHub Ltd to open at S$1.18, and during the day (based on 14 day Average True Range), to move between S$1.16 and S$1.20, which gives a possible trading interval of +/-S$0.0204 (+/-1.73%) up or down from last closing price. If StarHub Ltd takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at S$1.19 (0.85%) than the support at S$1.17 (0.85%), 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.
Earnings coming up
StarHub Ltd will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for StarHub Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.82% in the first trading day after earnings release.
Is StarHub Ltd stock A Buy?
The StarHub Ltd stock holds several negative signals and despite the positive trend, we believe StarHub Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.548 Sell Candidate Unchanged
Predicted Opening Price for StarHub Ltd of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
S$1.18 ( 0.282%) | S$1.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CC3.SI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.19 | 0.565 % | |
R2 | 1.18 | 0.241 % | ||
R1 | 1.18 | 0.0412 % | ||
Current price: | 1.18 | |||
Support | S1 | 1.17 | -0.606 % | |
S2 | 1.17 | -0.81 % | ||
S3 | 1.17 | -1.13 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.25 | 5.93 % | |
R2 | 1.23 | 4.24 % | ||
R1 | 1.19 | 0.85 % | ||
Current price | 1.18 | |||
Support | S1 | 1.17 | -0.85% | |
S2 | 1.16 | -1.69% | ||
S3 | 1.14 | -3.39% |
CC3 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 16, 2024 | S$0.0420 | 3.59% |
2 | Aug 11, 2023 | Aug 11, 2023 | Aug 11, 2023 | S$0.0250 | 2.38% |
3 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | S$0.0250 | 2.50% |
4 | Aug 12, 2022 | Aug 12, 2022 | Aug 12, 2022 | S$0.0250 | 2.05% |
5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | S$0.0390 | 3.05% |
FAQ
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