The Star Entertainment Group Limited Stock Forecast
The Star Entertainment Group Limited stock price ended at $0.410 on Thursday, after gaining 2.50%.
(Updated on May 02, 2024)
The The Star Entertainment Group Limited stock price gained 2.50% on the last trading day (Thursday, 2nd May 2024), rising from $0.400 to $0.410. During the last trading day the stock fluctuated 5.06% from a day low at $0.395 to a day high of $0.415. The price has fallen in 5 of the last 10 days and is down by -1.2% for this period. Volume fell on the last day by -834 thousand shares and in total, 16 million shares were bought and sold for approximately $6.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.383 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.18% during the next 3 months and, with a 90% probability hold a price between $0.321 and $0.450 at the end of this 3-month period.
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SGR.AX Signals & Forecast
There are mixed signals in the stock today. The The Star Entertainment Group Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.491. On a fall, the stock will find some support from the short-term average at $0.405. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 5.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for The Star Entertainment Group Limited stock
The Star Entertainment Group Limited finds support from accumulated volume at $0.405 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0200 between high and low, or 5.06%. For the last week, the stock has had daily average volatility of 5.55%.
The Star Entertainment Group Limited is oversold on RSI14 (19). 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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect The Star Entertainment Group Limited to open at $0.407, and during the day (based on 14 day Average True Range), to move between $0.386 and $0.434, which gives a possible trading interval of +/-$0.0239 (+/-5.82%) 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 11.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.405 (1.22%) than the resistance at $0.415 (1.22%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.541 Sell Candidate Unchanged
Predicted Opening Price for The Star Entertainment Group Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.407 ( 0.81%) | $0.410 |
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 | 0.427 | 4.07 % | |
| R2 | 0.419 | 2.20 % | ||
| R1 | 0.414 | 1.05 % | ||
| Current price: | 0.410 | |||
| Support | S1 | 0.399 | -2.68 % | |
| S2 | 0.394 | -3.83 % | ||
| S3 | 0.387 | -5.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.505 | 23.17 % | |
| R2 | 0.450 | 9.76 % | ||
| R1 | 0.415 | 1.22 % | ||
| Current price | 0.410 | |||
| Support | S1 | 0.405 | -1.22% | |
| S2 | 0.400 | -2.44% | ||
| S3 | 0.390 | -4.88% |
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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