STRATS LLC Stock Forecast
STRATS LLC stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The STRATS LLC stock price fell by -1.37% on the last day (Friday, 28th Jun 2024) from $22.67 to $22.36. During the last trading day the stock fluctuated 1.81% from a day low at $22.13 to a day high of $22.53. The price has been going up and down for this period, and there has been a -0.36% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -648 shares and in total, 931 shares were bought and sold for approximately $20.82 thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $22.38 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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GJT Signals & Forecast
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. The STRATS LLC 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 $22.55 and $22.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -2.49%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for STRATS LLC stock
STRATS LLC finds support from accumulated volume at $22.31 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.400 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 0.405%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GJT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect STRATS LLC to open at $22.34, and during the day (based on 14 day Average True Range), to move between $22.22 and $22.50, which gives a possible trading interval of +/-$0.141 (+/-0.63%) up or down from last closing price. If STRATS LLC takes out the full calculated possible swing range there will be an estimated 1.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.31 (0.22%) than the resistance at $22.50 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is STRATS LLC stock A Buy?
STRATS LLC holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -3.552 Sell Candidate Downgraded
Predicted Opening Price for STRATS LLC of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$22.34 ( 0.0894%) | $22.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GJT
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.74 | 1.70% |
R2 | 22.59 | 1.02% |
R1 | 22.49 | 0.594% |
Price | 22.36 | |
S1 | 22.19 | -0.773% |
S2 | 22.09 | -1.19% |
S3 | 21.94 | -1.88% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.67 | 1.38% |
R2 | 22.53 | 0.760% |
R1 | 22.50 | 0.631% |
Price | 22.36 | |
S1 | 22.31 | -0.224% |
S2 | 22.30 | -0.268% |
S3 | 22.28 | -0.358% |
GJT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jul 01, 2024 | $0.129 | 0.578% |
2 | May 31, 2024 | May 31, 2024 | Jun 03, 2024 | $0.129 | 0.563% |
3 | Apr 29, 2024 | Apr 29, 2024 | May 01, 2024 | $0.129 | 0.565% |
4 | Mar 27, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.129 | 0.574% |
5 | Feb 28, 2024 | Feb 28, 2024 | Mar 01, 2024 | $0.129 | 0.575% |
FAQ
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