Stagwell Inc. Stock Forecast
On Wednesday, Stagwell Inc. stock price gained an impressive 5.25%
(Updated on Mar 27, 2024)
The Stagwell Inc. stock price gained 5.25% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.71 to $6.01. During the last trading day the stock fluctuated 4.15% from a day low at $5.79 to a day high of $6.03. The price has been going up and down for this period, and there has been a 2.21% gain for the last 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 466 thousand shares were bought and sold for approximately $2.80 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 lies the upper part of a wide and falling 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 $6.03 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.92% during the next 3 months and, with a 90% probability hold a price between $4.13 and $5.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
STGW Signals & Forecast
There are mixed signals in the stock today. The Stagwell Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.06. On a fall, the stock will find some support from the short-term average at $5.88. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -1.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Stagwell Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.34 and $5.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Stagwell Inc. finds support just below today's level at $5.34. If this is broken, then the next support from accumulated volume will be at $5.27 and $5.20.
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 $0.240 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STGW) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Stagwell Inc. to open at $5.94, and during the day (based on 14 day Average True Range), to move between $5.73 and $6.29, which gives a possible trading interval of +/-$0.283 (+/-4.71%) up or down from last closing price. If Stagwell Inc. takes out the full calculated possible swing range there will be an estimated 9.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.36 (5.82%) than the support at $5.34 (11.15%), 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 Stagwell Inc. stock A Buy?
Stagwell Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.449 Sell Candidate Upgraded
Predicted Opening Price for Stagwell Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$5.94 ( 1.11%) | $6.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STGW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.18 | 2.88 % | |
R2 | 6.09 | 1.36 % | ||
R1 | 6.04 | 0.416 % | ||
Current price: | 6.01 | |||
Support | S1 | 5.85 | -2.63 % | |
S2 | 5.80 | -3.58 % | ||
S3 | 5.70 | -5.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.90 | 14.81 % | |
R2 | 6.41 | 6.66 % | ||
R1 | 6.36 | 5.82 % | ||
Current price | 6.01 | |||
Support | S1 | 5.34 | -11.15% | |
S2 | 5.27 | -12.40% | ||
S3 | 5.20 | -13.48% |
STGW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 28, 2016 | Aug 08, 2016 | Aug 24, 2016 | $0.210 | 1.64% |
2 | May 03, 2016 | May 20, 2016 | Jun 07, 2016 | $0.210 | 1.14% |
3 | Feb 18, 2016 | Mar 02, 2016 | Mar 18, 2016 | $0.210 | 0.89% |
4 | Oct 28, 2015 | Nov 06, 2015 | Nov 25, 2015 | $0.210 | 0.99% |
5 | Aug 06, 2015 | Aug 14, 2015 | Sep 01, 2015 | $0.210 | 1.10% |
FAQ
Click here for our free guide on how to buy Stagwell Inc. Stock.