StarHub Ltd Stock Forecast
StarHub Ltd stock price up 1.61% on Friday
(Updated on May 17, 2024)
The StarHub Ltd stock price gained 1.61% on the last trading day (Friday, 17th May 2024), rising from S$1.24 to S$1.26. During the last trading day the stock fluctuated 2.44% from a day low at S$1.23 to a day high of S$1.26. The price has risen in 4 of the last 10 days and is up by 6.78% 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, 2 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately S$3.07 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at S$1.27 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.60% during the next 3 months and, with a 90% probability hold a price between S$1.28 and S$1.37 at the end of this 3-month period.
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CC3.SI Signals & Forecast
The StarHub Ltd 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 S$1.24 and S$1.21. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, May 14, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for StarHub Ltd stock
StarHub Ltd finds support from accumulated volume at S$1.25 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 S$0.0300 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: S$1.21 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (CC3.SI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect StarHub Ltd to open at S$1.25, and during the day (based on 14 day Average True Range), to move between S$1.23 and S$1.29, which gives a possible trading interval of +/-S$0.0267 (+/-2.12%) up or down from last closing price. If StarHub Ltd takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ S$1.25, some S$0.0100 (0.79%) from the current price of S$1.26, our system finds the risk reward attractive.
Is StarHub Ltd 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 StarHub Ltd stock to perform well in the short-term.
Current score: 3.936 Buy Candidate Unchanged
Predicted Opening Price for StarHub Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| S$1.25 ( 0.794%) | S$1.26 |
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 | 1.28 | 1.59 % | |
| R2 | 1.27 | 0.678 % | ||
| R1 | 1.26 | 0.116 % | ||
| Current price: | 1.26 | |||
| Support | S1 | 1.24 | -1.70 % | |
| S2 | 1.23 | -2.27 % | ||
| S3 | 1.22 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.26 | |||
| Support | S1 | 1.25 | -0.794% | |
| S2 | 1.19 | -5.56% | ||
| S3 | 1.17 | -7.14% |
CC3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 16, 2024 | S$0.0420 | 3.39% |
| 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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