Stagwell Inc. Stock Forecast
Green day on Friday for Stagwell Inc. stock after gaining 1.16%
(Updated on Apr 26, 2024)
The Stagwell Inc. stock price gained 1.16% on the last trading day (Friday, 26th Apr 2024), rising from $6.05 to $6.12. During the last trading day the stock fluctuated 3.85% from a day low at $5.97 to a day high of $6.20. The price has risen in 6 of the last 10 days and is up by 9.48% over the past 2 weeks. Volume fell on the last day by -68 thousand shares and in total, 317 thousand shares were bought and sold for approximately $1.94 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 stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $5.89, a level that may pose a second chance to hit a runner. According to fan-theory $7.26 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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STGW Signals & Forecast
The Stagwell 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 $5.86 and $5.78. 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). 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. 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, March 28, 2024, and so far it has fallen -1.61%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Stagwell Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.71 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 $5.71. 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 $0.230 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 3.72%.
Our recommended stop-loss: $5.92 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (STGW) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Stagwell Inc. to open at $6.10, and during the day (based on 14 day Average True Range), to move between $5.88 and $6.36, which gives a possible trading interval of +/-$0.238 (+/-3.89%) up or down from last closing price. If Stagwell Inc. takes out the full calculated possible swing range there will be an estimated 7.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.22 (1.63%) than the support at $5.71 (6.70%), 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.
Earnings coming up
Stagwell Inc. will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.160. We will update the financials statements for Stagwell Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.35% in the first trading day after earnings release.
Is Stagwell Inc. stock A Buy?
Stagwell 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.
Current score: -0.572 Hold/Accumulate Unchanged
Predicted Opening Price for Stagwell Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $6.10 ( 0.381%) | $6.12 |
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 | 6.33 | 3.38 % | |
| R2 | 6.24 | 1.94 % | ||
| R1 | 6.18 | 1.05 % | ||
| Current price: | 6.12 | |||
| Support | S1 | 6.01 | -1.82 % | |
| S2 | 5.95 | -2.70 % | ||
| S3 | 5.87 | -4.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.90 | 12.75 % | |
| R2 | 6.41 | 4.74 % | ||
| R1 | 6.22 | 1.63 % | ||
| Current price | 6.12 | |||
| Support | S1 | 5.71 | -6.70% | |
| S2 | 5.27 | -13.97% | ||
| S3 | 5.20 | -15.03% |
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
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