RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SCL.NZ
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Scales Corporation Limited stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Scales Corporation Limited stock price gained 2.13% on the last trading day (Thursday, 28th Mar 2024), rising from $3.28 to $3.35. During the last trading day the stock fluctuated 1.82% from a day low at $3.29 to a day high of $3.35. The price has risen in 5 of the last 10 days and is up by 7.03% 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, 21 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately $277.94 thousand.

Given the current short-term trend, the stock is expected to fall -6.10% during the next 3 months and, with a 90% probability hold a price between $2.79 and $3.15 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.

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SCL.NZ Signals & Forecast

Mostly positive signals in the chart today. The Scales Corporation Limited 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 $3.28 and $3.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 10.20%. 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). Scales Corporation Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Scales Corporation Limited stock

Scales Corporation Limited finds support from accumulated volume at $3.31 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 $0.0600 between high and low, or 1.82%. For the last week, the stock has had daily average volatility of 2.46%.

Our recommended stop-loss: $3.18 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (SCL.NZ) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Scales Corporation Limited to open at $3.33, and during the day (based on 14 day Average True Range), to move between $3.27 and $3.43, which gives a possible trading interval of +/-$0.0807 (+/-2.41%) up or down from last closing price. If Scales Corporation Limited takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.37 (0.60%) than the support at $3.31 (1.19%), 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.

Is Scales Corporation Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.757 Buy Candidate Upgraded

Predicted Opening Price for Scales Corporation Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$3.33 ( 0.597%) $3.35

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SCL.NZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.39 1.19 %
R2 3.37 0.510 %
R1 3.35 0.0872 %
Current price: 3.35
Support S1 3.31 -1.28 %
S2 3.29 -1.70 %
S3 3.27 -2.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.40 1.49 %
R2 3.38 0.90 %
R1 3.37 0.597 %
Current price 3.35
Support S1 3.31 -1.19%
S2 3.25 -2.99%
S3 3.10 -7.46%

SCL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 05, 2024 Jan 05, 2024 Jan 05, 2024 $0 0%
2 Jun 28, 2023 Jun 28, 2023 Jun 28, 2023 $0.0950 3.06%
3 Mar 22, 2023 Mar 22, 2023 Mar 22, 2023 $0.0350 1.21%
4 Jan 04, 2023 Jan 04, 2023 Jan 04, 2023 $0.0600 1.47%
5 Jun 29, 2022 Jun 29, 2022 Jun 29, 2022 $0.0950 2.13%

FAQ

What is the symbol for Scales Corporation Limited Stock and on which exchange is it traded?
The symbol for Scales Corporation Limited is SCL.NZ and it is traded on the NZX (New Zealand Stock Exchange).

Should I buy or sell Scales Corporation Limited Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Scales Corporation Limited Stock?
Scales Corporation Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Scales Corporation Limited Stock.

What's the current price of Scales Corporation Limited Stock?
As of the end of day on the 2024-03-28, the price of an Scales Corporation Limited (SCL.NZ) share was $3.35.

What is the 52-week high and low for Scales Corporation Limited Stock?
The 52-week high for Scales Corporation Limited Stock is $3.49 and the 52-week low is $2.85.

What is the market capitalization of Scales Corporation Limited Stock?
As of the 2024-03-28, the market capitalization of Scales Corporation Limited is 479.372M.

When is the next earnings date for Scales Corporation Limited?
The upcoming earnings date for Scales Corporation Limited is Aug 20, 2024.
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About Scales Corporation Limited

Scales  Limited Scales Corporation Limited engages in the agribusiness activities in New Zealand, Asia, Europe, North America, and internationally. The company operates through Food Ingredients, Horticulture, and Logistics segments. The Food Ingredients segment processes and markets food ingredients, such as pet food ingredients and juice concentrates. This segment also manufactures and sells apple, kiwifruit, and pear juice concentrates. The Horticulture segmen... SCL.NZ Profile

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