Sunlands Technology Group Stock Forecast
A very red day for Sunlands Technology Group stock price after a -6.54% fall in the Thursday trading session
(Updated on Mar 28, 2024)
The Sunlands Technology Group stock price fell by -6.54% on the last day (Thursday, 28th Mar 2024) from $10.40 to $9.72. During the last trading day the stock fluctuated 1.49% from a day low at $9.71 to a day high of $9.85. The price has fallen in 5 of the last 10 days and is down by -11.15% for this period. Volume has increased on the last day by 269 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, 2 thousand shares were bought and sold for approximately $19.25 thousand.
The stock lies in the middle of a very wide and strong 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 15.43% during the next 3 months and, with a 90% probability hold a price between $10.41 and $13.86 at the end of this 3-month period.
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STG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 0.725%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sunlands Technology Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.96 and $9.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Sunlands Technology Group 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.
Support, Risk & Stop-loss for Sunlands Technology Group stock
Sunlands Technology Group finds support from accumulated volume at $9.40 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 $0.145 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 3.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sunlands Technology Group to open at $9.76, and during the day (based on 14 day Average True Range), to move between $9.21 and $10.23, which gives a possible trading interval of +/-$0.515 (+/-5.30%) up or down from last closing price. If Sunlands Technology Group takes out the full calculated possible swing range there will be an estimated 10.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.40 (3.29%) than the resistance at $10.17 (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sunlands Technology Group stock A Buy?
The Sunlands Technology Group stock holds several negative signals and despite the positive trend, we believe Sunlands Technology Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -2.621 Sell Candidate Downgraded
Predicted Opening Price for Sunlands Technology Group of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$9.76 ( 0.396%) | $9.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.90 | 1.88 % | |
R2 | 9.85 | 1.32 % | ||
R1 | 9.81 | 0.96 % | ||
Current price: | 9.72 | |||
Support | S1 | 9.70 | -0.173 % | |
S2 | 9.67 | -0.524 % | ||
S3 | 9.61 | -1.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.59 | 19.24 % | |
R2 | 10.54 | 8.38 % | ||
R1 | 10.17 | 4.63 % | ||
Current price | 9.72 | |||
Support | S1 | 9.40 | -3.29% | |
S2 | 9.17 | -5.63% | ||
S3 | 8.65 | -11.02% |
STG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2022 | Jun 29, 2022 | Jul 29, 2022 | $1.26 | 24.42% |
FAQ
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