The Star Entertainment Group Limited Stock Forecast
Red day on Friday for The Star Entertainment Group Limited
(Updated on Apr 19, 2024)
No changes to the price of The Star Entertainment Group Limited stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 4.94% from a day low at $0.405 to a day high of $0.425. The price has fallen in 5 of the last 10 days and is down by -22.22% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.413 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.80% during the next 3 months and, with a 90% probability hold a price between $0.385 and $0.527 at the end of this 3-month period.
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SGR.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.20%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and 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 The Star Entertainment Group 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 $0.458 and $0.518. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The Star Entertainment Group Limited stock
The Star Entertainment Group Limited finds support from accumulated volume at $0.415 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0200 between high and low, or 4.94%. For the last week, the stock has had daily average volatility of 6.13%.
The Star Entertainment Group Limited is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SGR.AX) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect The Star Entertainment Group Limited to open at $0.417, and during the day (based on 14 day Average True Range), to move between $0.394 and $0.446, which gives a possible trading interval of +/-$0.0260 (+/-6.18%) up or down from last closing price. If The Star Entertainment Group Limited takes out the full calculated possible swing range there will be an estimated 12.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.415 (1.19%) than the resistance at $0.450 (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Star Entertainment Group Limited stock A Buy?
The Star Entertainment Group Limited holds several negative signals and is within a very 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.
Current score: -5.493 Strong Sell Candidate Unchanged
Predicted Opening Price for The Star Entertainment Group Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.417 ( 0.794%) | $0.420 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGR.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.437 | 3.97 % | |
| R2 | 0.429 | 2.15 % | ||
| R1 | 0.424 | 1.03 % | ||
| Current price: | 0.420 | |||
| Support | S1 | 0.409 | -2.61 % | |
| S2 | 0.404 | -3.74 % | ||
| S3 | 0.397 | -5.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.520 | 23.81 % | |
| R2 | 0.505 | 20.24 % | ||
| R1 | 0.450 | 7.14 % | ||
| Current price | 0.420 | |||
| Support | S1 | 0.415 | -1.19% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 31, 2020 | Feb 25, 2020 | Jul 02, 2020 | $0.0967 | 3.15% |
| 2 | Aug 15, 2019 | Aug 21, 2019 | Sep 26, 2019 | $0.0921 | 2.14% |
| 3 | Feb 21, 2019 | Feb 26, 2019 | Apr 03, 2019 | $0.0967 | 2.25% |
| 4 | Aug 24, 2018 | Aug 29, 2018 | Oct 04, 2018 | $0.120 | 2.35% |
| 5 | Feb 16, 2018 | Feb 21, 2018 | Mar 22, 2018 | $0.0691 | 1.26% |
FAQ
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