Staffing 360 Solutions Inc Stock Forecast
Is Staffing 360 Solutions Inc stock still a buy after falling -6.56% on Thursday?
(Updated on Apr 25, 2024)
The Staffing 360 Solutions Inc stock price fell by -6.56% on the last day (Thursday, 25th Apr 2024) from £30.50 to £28.50. During the last trading day the stock fluctuated 7.53% from a day low at £28.00 to a day high of £30.11. The price has been going up and down for this period, and there has been a -8.65% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -177 thousand shares and in total, 193 thousand shares were bought and sold for approximately £5.49 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.04% during the next 3 months and, with a 90% probability hold a price between £26.63 and £36.42 at the end of this 3-month period.
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STAF.L Signals & Forecast
The Staffing 360 Solutions Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £29.67. On a fall, the stock will find some support from the long-term average at approximately £27.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, April 11, 2024, and so far it has fallen -8.65%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Staffing 360 Solutions Inc stock
Staffing 360 Solutions Inc finds support from accumulated volume at £27.50 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 £2.11 between high and low, or 7.53%. For the last week, the stock has had daily average volatility of 4.08%.
Our recommended stop-loss: £26.84 (-5.83%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (STAF.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Staffing 360 Solutions Inc to open at £28.87, and during the day (based on 14 day Average True Range), to move between £27.05 and £29.95, which gives a possible trading interval of +/-£1.45 (+/-5.07%) up or down from last closing price. If Staffing 360 Solutions Inc takes out the full calculated possible swing range there will be an estimated 10.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £27.50 (3.51%) than the resistance at £31.10 (9.12%), 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 Inc stock A Buy?
Staffing 360 Solutions Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.913 Hold/Accumulate Downgraded
Predicted Opening Price for Staffing 360 Solutions Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £28.87 ( 1.30%) | £28.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STAF.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.98 | 8.69 % | |
| R2 | 30.17 | 5.87 % | ||
| R1 | 29.67 | 4.12 % | ||
| Current price: | 28.50 | |||
| Support | S1 | 28.06 | -1.53 % | |
| S2 | 27.57 | -3.28 % | ||
| S3 | 26.76 | -6.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.50 | 10.53 % | |
| R2 | 31.45 | 10.35 % | ||
| R1 | 31.10 | 9.12 % | ||
| Current price | 28.50 | |||
| Support | S1 | 27.50 | -3.51% | |
| S2 | 26.75 | -6.14% | ||
| S3 | 26.00 | -8.77% |
STAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 25, 2018 | Oct 11, 2018 | Nov 13, 2018 | £10.20 | 0.92% |
| 2 | Mar 29, 2018 | May 31, 2018 | Jul 03, 2018 | £14.17 | 1.68% |
| 3 | Jul 26, 2017 | Oct 12, 2017 | Nov 14, 2017 | £9.93 | 1.01% |
| 4 | Jan 25, 2017 | Jun 01, 2017 | Jul 04, 2017 | £13.81 | 1.18% |
| 5 | Jul 27, 2016 | Oct 13, 2016 | Nov 15, 2016 | £9.48 | 1.21% |
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