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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 STCN
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Green day on Friday for Steel Connect Inc. stock after gaining 0.289%
(Updated on Apr 26, 2024)

Buy or Hold candidate since Apr 12, 2024 Gain 21.86% PDF

The Steel Connect Inc. stock price gained 0.289% on the last trading day (Friday, 26th Apr 2024), rising from $12.09 to $12.13. During the last trading day the stock fluctuated 3.38% from a day low at $11.85 to a day high of $12.25. The price has risen in 6 of the last 10 days and is up by 21.86% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 56 thousand shares were bought and sold for approximately $677.02 thousand. 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 in the upper part of a very wide and strong rising 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 $12.21 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.53% during the next 3 months and, with a 90% probability hold a price between $10.88 and $14.71 at the end of this 3-month period.

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STCN Signals & Forecast

The Steel Connect Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.62 and $9.73. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.124%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Steel Connect Inc. stock

Steel Connect Inc. finds support from accumulated volume at $12.09 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.400 between high and low, or 3.38%. For the last week the stock has had daily average volatility of 5.55%.

The Steel Connect Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $11.78 (-2.82%) (This stock has high daily movements and this gives high risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (STCN) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Steel Connect Inc. to open at $12.08, and during the day (based on 14 day Average True Range), to move between $11.59 and $12.66, which gives a possible trading interval of +/-$0.534 (+/-4.40%) up or down from last closing price. If Steel Connect Inc. takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.14 (0.12%) than the support at $12.09 (0.29%), 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 Steel Connect Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Steel Connect Inc. stock to perform well in the short-term.

Current score: 4.206 Buy Candidate Unchanged

Predicted Opening Price for Steel Connect Inc. of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$12.08 ( 0.412%) $12.13

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

Trading levels for STCN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.48 2.89 %
R2 12.32 1.63 %
R1 12.23 0.85 %
Current price: 12.13
Support S1 11.92 -1.67 %
S2 11.83 -2.45 %
S3 11.68 -3.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 12.14 0.125 %
Current price 12.13
Support S1 12.09 -0.289%
S2 9.44 -22.14%
S3 9.10 -24.95%

STCN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2011 Mar 15, 2011 Mar 31, 2011 $0.91 1.79%
2 Jun 03, 1997 Jun 03, 1997 Jun 03, 1997 $0.547 0.595%

FAQ

What is the symbol for Steel Connect Inc. Stock and on which exchange is it traded?
The symbol for Steel Connect Inc. is STCN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Steel Connect Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Steel Connect Inc. stock to perform well in the short-term.

How to buy Steel Connect Inc. Stock?
Steel Connect 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 Steel Connect Inc. Stock.

What's the current price of Steel Connect Inc. Stock?
As of the end of day on the Apr 26, 2024, the price of an Steel Connect Inc. (STCN) share was $12.13.

What is the 52-week high and low for Steel Connect Inc. Stock?
The 52-week high for Steel Connect Inc. Stock is $12.48 and the 52-week low is $0.685.

What is the market capitalization of Steel Connect Inc. Stock?
As of the Apr 26, 2024, the market capitalization of Steel Connect Inc. is 76.213M.

When is the next earnings date for Steel Connect Inc.?
The upcoming earnings date for Steel Connect Inc. is Jun 10, 2024.
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About Steel Connect Inc.

Steel Connect. Steel Connect, Inc., together with its subsidiaries, provides direct marketing and supply chain services in the United States, Mainland China, and internationally. The company provides data-driven marketing solutions, including strategy, data and analytics, response analysis, creative services, lithographic and digital printing, envelope printing and converting, component manufacturing, promotional cards, data processing and hygiene, content and ... STCN Profile

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