LS Starrett Company (The) Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
LS Starrett Company (The) stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 07, 2024)
The LS Starrett Company (The) stock price fell by -0.310% on the last day (Tuesday, 7th May 2024) from $16.13 to $16.08. During the last trading day the stock fluctuated 0.373% from a day low at $16.07 to a day high of $16.13. The price has fallen in 5 of the last 10 days but is still up by 0.44% over the past 2 weeks. Volume has increased on the last day by 79 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, 118 thousand shares were bought and sold for approximately $1.89 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 49.50% during the next 3 months and, with a 90% probability hold a price between $22.11 and $26.68 at the end of this 3-month period.
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SCX Signals & Forecast
The LS Starrett Company (The) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $16.11. On a fall, the stock will find some support from the long-term average at approximately $15.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.433%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for LS Starrett Company (The) stock
LS Starrett Company (The) finds support from accumulated volume at $16.03 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 $0.0600 between high and low, or 0.373%. For the last week the stock has had daily average volatility of 0.373%.
Our recommended stop-loss: $15.61 (-2.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (SCX) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect LS Starrett Company (The) to open at $16.09, and during the day (based on 14 day Average True Range), to move between $15.98 and $16.18, which gives a possible trading interval of +/-$0.100 (+/-0.62%) up or down from last closing price. If LS Starrett Company (The) takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.10 (0.12%) than the support at $16.03 (0.31%), 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.
Earnings coming up
LS Starrett Company (The) will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for LS Starrett Company (The), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.71% in the first trading day after earnings release.
Is LS Starrett Company (The) stock A Buy?
LS Starrett Company (The) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.788 Hold/Accumulate Downgraded
Predicted Opening Price for LS Starrett Company (The) of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $16.09 ( 0.0829%) | $16.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.15 | 0.456 % | |
| R2 | 16.13 | 0.314 % | ||
| R1 | 16.12 | 0.225 % | ||
| Current price: | 16.08 | |||
| Support | S1 | 16.07 | -0.0596 % | |
| S2 | 16.06 | -0.148 % | ||
| S3 | 16.03 | -0.290 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.15 | 0.435 % | |
| R2 | 16.11 | 0.187 % | ||
| R1 | 16.10 | 0.124 % | ||
| Current price | 16.08 | |||
| Support | S1 | 16.03 | -0.311% | |
| S2 | 16.01 | -0.435% | ||
| S3 | 15.76 | -1.99% |
SCX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2017 | Dec 18, 2017 | Dec 29, 2017 | $0.100 | 1.16% |
| 2 | Sep 07, 2017 | Sep 18, 2017 | Sep 29, 2017 | $0.100 | 1.12% |
| 3 | Jun 09, 2017 | Jun 16, 2017 | Jun 29, 2017 | $0.100 | 1.18% |
| 4 | Mar 08, 2017 | Mar 10, 2017 | Mar 30, 2017 | $0.100 | 0.94% |
| 5 | Dec 08, 2016 | Dec 16, 2016 | Dec 30, 2016 | $0.100 | 1.08% |
FAQ
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