Scott Technology Limited Stock Forecast
Stronger technical forecast for Scott Technology Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Scott Technology Limited stock price fell by -1.97% on the last day (Tuesday, 25th Jun 2024) from $2.03 to $1.99. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.53% from a day low at $1.98 to a day high of $2.03. The price has fallen in 7 of the last 10 days and is down by -14.22% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately $26.39 thousand.
The stock lies in the middle of a wide and 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 -28.59% during the next 3 months and, with a 90% probability hold a price between $1.37 and $1.62 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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SCT.NZ Signals & Forecast
There are few to no technical positive signals at the moment. The Scott Technology Limited 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 $2.11 and $2.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -18.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Scott Technology Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Scott Technology Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0500 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 3.03%.
Scott Technology Limited is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SCT.NZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Scott Technology Limited to open at $2.00, and during the day (based on 14 day Average True Range), to move between $1.94 and $2.04, which gives a possible trading interval of +/-$0.0547 (+/-2.75%) up or down from last closing price. If Scott Technology Limited takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.07, some $0.0800 (4.02%) from the current price of $1.99, our system finds the risk reward not very attractive.
Is Scott Technology Limited stock A Buy?
Scott Technology Limited holds several negative signals and is within a wide 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.898 Sell Candidate Upgraded
Predicted Opening Price for Scott Technology Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $2.00 ( 0.503%) | $1.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCT.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.05 | 3.02% |
| R2 | 2.03 | 2.06% |
| R1 | 2.02 | 1.46% |
| Price | 1.99 | |
| S1 | 1.98 | -0.457% |
| S2 | 1.97 | -1.05% |
| S3 | 1.95 | -2.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.45 | 23.12% |
| R2 | 2.40 | 20.60% |
| R1 | 2.07 | 4.02% |
| Price | 1.99 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
SCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 15, 2024 | $0.0544 | 2.28% |
| 2 | Nov 06, 2023 | Nov 06, 2023 | Nov 21, 2023 | $0.0400 | 1.21% |
| 3 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | $0.0400 | 1.35% |
| 4 | Nov 04, 2022 | Nov 04, 2022 | Nov 04, 2022 | $0.0400 | 1.41% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | $0.0400 | 1.29% |
FAQ
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