RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SRI
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Stoneridge Inc stock price ended at $18.44 on Thursday, after gaining 3.02%.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 3.02% PDF

The Stoneridge Inc stock price gained 3.02% on the last trading day (Thursday, 28th Mar 2024), rising from $17.90 to $18.44. During the last trading day the stock fluctuated 2.73% from a day low at $17.96 to a day high of $18.45. The price has been going up and down for this period, and there has been a 10.42% gain for the last 2 weeks. Volume fell on the last day by -80 thousand shares and in total, 132 thousand shares were bought and sold for approximately $2.43 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $18.68 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.35% during the next 3 months and, with a 90% probability hold a price between $15.15 and $17.68 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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SRI Signals & Forecast

Mostly positive signals in the chart today. The Stoneridge Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $17.62 and $17.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 12.10%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Stoneridge Inc stock

Stoneridge Inc finds support from accumulated volume at $17.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.490 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 3.07%.

Our recommended stop-loss: $17.86 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (SRI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Stoneridge Inc to open at $18.28, and during the day (based on 14 day Average True Range), to move between $17.86 and $19.02, which gives a possible trading interval of +/-$0.576 (+/-3.12%) up or down from last closing price. If Stoneridge Inc takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.49 (0.27%) than the support at $17.90 (2.93%), 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.

Is Stoneridge Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.528 Buy Candidate Unchanged

Predicted Opening Price for Stoneridge Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$18.28 ( 0.85%) $18.44

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

Trading levels for SRI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.77 1.81 %
R2 18.59 0.793 %
R1 18.47 0.165 %
Current price: 18.44
Support S1 18.10 -1.86 %
S2 17.98 -2.49 %
S3 17.79 -3.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.57 6.13 %
R2 19.10 3.58 %
R1 18.49 0.271 %
Current price 18.44
Support S1 17.90 -2.93%
S2 17.57 -4.72%
S3 16.75 -9.16%

FAQ

What is the symbol for Stoneridge Inc Stock and on which exchange is it traded?
The symbol for Stoneridge Inc is SRI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Stoneridge Inc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Stoneridge Inc Stock?
Stoneridge Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Stoneridge Inc Stock.

What's the current price of Stoneridge Inc Stock?
As of the end of day on the 2024-03-28, the price of an Stoneridge Inc (SRI) share was $18.44.

What is the 52-week high and low for Stoneridge Inc Stock?
The 52-week high for Stoneridge Inc Stock is $24.51 and the 52-week low is $14.18.

What is the market capitalization of Stoneridge Inc Stock?
As of the 2024-03-28, the market capitalization of Stoneridge Inc is 508.088M.

When is the next earnings date for Stoneridge Inc?
The upcoming earnings date for Stoneridge Inc is May 01, 2024.
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About Stoneridge Inc

Stoneridge Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. It operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers sensors, switches, actuators, and ... SRI Profile

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