Scholastic Corporation Stock Forecast
Green day on Tuesday for Scholastic Corporation
(Updated on Jul 02, 2024)
The Scholastic Corporation stock price gained 0.0851% on the last trading day (Tuesday, 2nd Jul 2024), rising from $35.26 to $35.29. During the last trading day the stock fluctuated 1.12% from a day low at $35.24 to a day high of $35.63. The price has risen in 6 of the last 10 days and is up by 2.11% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 100 thousand shares were bought and sold for approximately $3.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.43% during the next 3 months and, with a 90% probability hold a price between $32.42 and $35.32 at the end of this 3-month period.
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SCHL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 4.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Scholastic Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $35.53. On a fall, the stock will find some support from the short-term average at $35.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Scholastic Corporation stock
Scholastic Corporation finds support from accumulated volume at $35.21 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 $0.394 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $33.75 (-4.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (SCHL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Scholastic Corporation to open at $35.38, and during the day (based on 14 day Average True Range), to move between $34.61 and $35.97, which gives a possible trading interval of +/-$0.679 (+/-1.92%) up or down from last closing price. If Scholastic Corporation takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.21 (0.23%) than the resistance at $35.47 (0.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scholastic Corporation stock A Buy?
Scholastic 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.
Current score: -0.372 Hold/Accumulate Unchanged
Predicted Opening Price for Scholastic Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $35.38 ( 0.268%) | $35.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.78 | 1.38% |
| R2 | 35.63 | 0.96% |
| R1 | 35.53 | 0.694% |
| Price | 35.29 | |
| S1 | 35.23 | -0.158% |
| S2 | 35.14 | -0.421% |
| S3 | 34.99 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.15 | 2.44% |
| R2 | 35.76 | 1.33% |
| R1 | 35.47 | 0.510% |
| Price | 35.29 | |
| S1 | 35.21 | -0.227% |
| S2 | 35.16 | -0.368% |
| S3 | 34.73 | -1.59% |
SCHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Apr 29, 2024 | Jun 17, 2024 | $0.200 | 0.579% |
| 2 | Dec 13, 2023 | Jan 30, 2024 | Mar 15, 2024 | $0.200 | 0.542% |
| 3 | Sep 20, 2023 | Oct 30, 2023 | Dec 15, 2023 | $0.200 | 0.546% |
| 4 | Jul 19, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.200 | 0.504% |
| 5 | Mar 22, 2023 | Apr 27, 2023 | Jun 15, 2023 | $0.200 | 0.514% |
FAQ
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