Stefanutti Stocks Holdings Limited Stock Forecast
Green day on Friday for Stefanutti Stocks Holdings Limited
(Updated on May 17, 2024)
The Stefanutti Stocks Holdings Limited stock price gained 0.89% on the last trading day (Friday, 17th May 2024), rising from $112.00 to $113.00. During the last trading day the stock fluctuated 9.62% from a day low at $104.00 to a day high of $114.00. The price has been going up and down for this period, and there has been a -6.61% loss for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 33 thousand shares were bought and sold for approximately $3.73 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Stefanutti Stocks Holdings Limited stock with a 90% probability to be traded between $99.54 and $124.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SSK.JO Signals & Forecast
The Stefanutti Stocks Holdings Limited 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 $111.14 and $112.86. A breakdown below any of these levels will issue sell signals. 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. 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 Wednesday, May 15, 2024, and so far it has fallen -5.04%. 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).
Support, Risk & Stop-loss for Stefanutti Stocks Holdings Limited stock
Stefanutti Stocks Holdings Limited finds support from accumulated volume at $111.00 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 $10.00 between high and low, or 9.62%. For the last week, the stock has had daily average volatility of 7.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SSK.JO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Stefanutti Stocks Holdings Limited to open at $110.33, and during the day (based on 14 day Average True Range), to move between $103.75 and $122.25, which gives a possible trading interval of +/-$9.25 (+/-8.18%) up or down from last closing price. If Stefanutti Stocks Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $114.00 (0.88%) than the support at $111.00 (1.77%), 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
Stefanutti Stocks Holdings Limited will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Stefanutti Stocks Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.07% in the first trading day after earnings release.
Is Stefanutti Stocks Holdings Limited stock A Buy?
Stefanutti Stocks Holdings 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: -1.097 Sell Candidate Unchanged
Predicted Opening Price for Stefanutti Stocks Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $110.33 ( 2.36%) | $113.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSK.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.33 | 6.49 % | |
| R2 | 116.51 | 3.11 % | ||
| R1 | 114.15 | 1.02 % | ||
| Current price: | 113.00 | |||
| Support | S1 | 106.51 | -5.74 % | |
| S2 | 104.15 | -7.83 % | ||
| S3 | 100.33 | -11.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.00 | 7.96 % | |
| R2 | 115.00 | 1.77 % | ||
| R1 | 114.00 | 0.88 % | ||
| Current price | 113.00 | |||
| Support | S1 | 111.00 | -1.77% | |
| S2 | 110.00 | -2.65% | ||
| S3 | 104.00 | -7.96% |
SSK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2012 | Jul 02, 2012 | Jul 02, 2012 | $12.00 | 1.13% |
| 2 | Dec 05, 2011 | Dec 05, 2011 | Dec 05, 2011 | $12.00 | 1.09% |
| 3 | Jun 27, 2011 | Jun 27, 2011 | Jun 27, 2011 | $25.00 | 2.01% |
| 4 | Dec 06, 2010 | Dec 06, 2010 | Dec 06, 2010 | $20.00 | 1.73% |
| 5 | Jun 21, 2010 | Jun 21, 2010 | Jun 21, 2010 | $45.00 | 4.02% |
FAQ
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