Stride Stapled Group Stock Forecast

Red day on Monday for Stride Stapled Group stock after losing 2.44%
(Updated on May 13, 2024)

SPG.NZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Stride Stapled Group 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 $1.23 and $1.28. 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). Stride Stapled Group 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".

Support, Risk & Stop-loss for Stride Stapled Group 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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0300 (2.50%) between high and low. For the last week, the stock has had daily average volatility of 3.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SPG.NZ) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Stride Stapled Group to open at $1.21, and during the day (based on 14 day Average True Range), to move between $1.17 and $1.23, which gives a possible trading interval of +/-$0.0317 (+/-2.64%) up or down from last closing price. If Stride Stapled Group takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $1.29, some $0.0900 (7.50%) from the current price of $1.20, our system finds the risk reward not very attractive.

Is Stride Stapled Group stock A Buy?

Stride Stapled Group 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.

Current score: -3.997 Sell Candidate Unchanged

Predicted Opening Price for Stride Stapled Group of Tuesday, May 14, 2024

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