Staffing 360 Solutions Stock Forecast
Volatile ride for Staffing 360 Solutions stock price on Monday moving between $0.287 and $0.327
(Updated on Apr 15, 2024)
The Staffing 360 Solutions stock price fell by -7.58% on the last day (Monday, 15th Apr 2024) from $0.310 to $0.287. During the last trading day the stock fluctuated 13.99% from a day low at $0.287 to a day high of $0.327. The price has risen in 6 of the last 10 days and is up by 1.99% over the past 2 weeks. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 26 thousand shares were bought and sold for approximately $7.57 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.70% during the next 3 months and, with a 90% probability hold a price between $0.240 and $0.335 at the end of this 3-month period.
STAF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 1.99%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Staffing 360 Solutions 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 $0.303 and $0.317. A break-up above any of these levels will issue buy signals. Staffing 360 Solutions 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". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Monday, April 01, 2024 and based on theory for this formation the price should go up by 55.06% to $0.444 within 33 trading days since signal was issued (Tuesday, April 16, 2024).
Support, Risk & Stop-loss for Staffing 360 Solutions stock
Staffing 360 Solutions finds support from accumulated volume at $0.284 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 $0.0401 between high and low, or 13.99%. For the last week, the stock has had daily average volatility of 10.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STAF) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Staffing 360 Solutions to open at $0.300, and during the day (based on 14 day Average True Range), to move between $0.255 and $0.318, which gives a possible trading interval of +/-$0.0318 (+/-11.09%) up or down from last closing price. If Staffing 360 Solutions takes out the full calculated possible swing range there will be an estimated 22.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.284 (0.91%) than the resistance at $0.320 (11.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Staffing 360 Solutions stock A Buy?
Staffing 360 Solutions 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: -4.264 Sell Candidate Unchanged
Predicted Opening Price for Staffing 360 Solutions of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $0.300 ( 4.66%) | $0.287 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STAF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.340 | 18.66 % | |
| R2 | 0.325 | 13.31 % | ||
| R1 | 0.315 | 10.01 % | ||
| Current price: | 0.287 | |||
| Support | S1 | 0.285 | -0.681 % | |
| S2 | 0.275 | -3.98 % | ||
| S3 | 0.260 | -9.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.350 | 22.12 % | |
| R2 | 0.327 | 14.17 % | ||
| R1 | 0.320 | 11.65 % | ||
| Current price | 0.287 | |||
| Support | S1 | 0.284 | -0.91% | |
| S2 | 0.284 | -0.98% | ||
| S3 | 0.282 | -1.78% |
STAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 27, 2019 | Dec 12, 2019 | Dec 27, 2019 | $0.600 | 1.14% |
| 2 | Aug 15, 2019 | Aug 21, 2019 | Sep 06, 2019 | $0.600 | 0.82% |
| 3 | Apr 30, 2019 | May 16, 2019 | May 30, 2019 | $0.600 | 0.617% |
| 4 | Jan 30, 2019 | Feb 14, 2019 | Feb 28, 2019 | $0.600 | 0.667% |
FAQ
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