Stantec Inc Stock Forecast

Green day on Tuesday for Stantec Inc stock after gaining 0.745%
(Updated on Jul 02, 2024)

STN Signals & Forecast

The Stantec 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 $83.15. On a fall, the stock will find some support from the long-term average at approximately $81.59. 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. Volume is rising along with the price. This is considered to be a good technical 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, June 27, 2024, and so far it has fallen -2.17%. 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). The stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Stantec Inc stock

Stantec Inc finds support from accumulated volume at $82.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.94 between high and low, or 2.40%. For the last week the stock has had daily average volatility of 1.95%.

Our recommended stop-loss: $79.24 (-3.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (STN) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Stantec Inc to open at $82.13, and during the day (based on 14 day Average True Range), to move between $80.89 and $84.15, which gives a possible trading interval of +/-$1.63 (+/-1.97%) up or down from last closing price. If Stantec Inc takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $82.20 (0.39%) than the resistance at $82.97 (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Stantec Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Stantec Inc stock to perform well in the short-term period.

Current score: 1.526 Buy Candidate Unchanged

Predicted Opening Price for Stantec Inc of Wednesday, July 3, 2024

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