Scholastic Corporation Stock Forecast
Green day on Wednesday for Scholastic Corporation stock after gaining 0.449%
(Updated on May 01, 2024)
The Scholastic Corporation stock price gained 0.449% on the last trading day (Wednesday, 1st May 2024), rising from $35.62 to $35.78. During the last trading day the stock fluctuated 2.03% from a day low at $35.49 to a day high of $36.21. The price has risen in 6 of the last 10 days and is up by 3.02% 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, 23 thousand more shares were traded than the day before. In total, 116 thousand shares were bought and sold for approximately $4.16 million.
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 -9.22% during the next 3 months and, with a 90% probability hold a price between $30.89 and $33.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SCHL Signals & Forecast
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. The Scholastic Corporation 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 $36.19 and $36.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.59%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Scholastic Corporation stock
Scholastic Corporation finds support from accumulated volume at $35.76 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 $0.720 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCHL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Scholastic Corporation to open at $35.83, and during the day (based on 14 day Average True Range), to move between $34.97 and $36.59, which gives a possible trading interval of +/-$0.81 (+/-2.25%) up or down from last closing price. If Scholastic Corporation takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.76 (0.06%) than the resistance at $36.51 (2.04%), 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 negative signals and is within a 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.
Current score: -3.919 Sell Candidate Unchanged
Predicted Opening Price for Scholastic Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $35.83 ( 0.130%) | $35.78 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 36.55 | 2.14 % | |
| R2 | 36.27 | 1.37 % | ||
| R1 | 36.10 | 0.90 % | ||
| Current price: | 35.78 | |||
| Support | S1 | 35.55 | -0.638 % | |
| S2 | 35.38 | -1.11 % | ||
| S3 | 35.11 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.37 | 4.44 % | |
| R2 | 36.93 | 3.21 % | ||
| R1 | 36.51 | 2.04 % | ||
| Current price | 35.78 | |||
| Support | S1 | 35.76 | -0.0559% | |
| S2 | 35.68 | -0.279% | ||
| S3 | 34.73 | -2.93% |
SCHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Apr 29, 2024 | Jun 17, 2024 | $0.200 | 0.559% |
| 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
Click here for our free guide on how to buy Scholastic Corporation Stock.
