Star Equity Holdings, Inc. Stock Forecast
Star Equity Holdings, Inc. stock price ended at $9.50 on Tuesday, after losing 1.04%.
(Updated on Jun 25, 2024)
The Star Equity Holdings, Inc. stock price fell by -1.04% on the last day (Tuesday, 25th Jun 2024) from $9.60 to $9.50. During the last trading day the stock fluctuated 0% from a day low at $9.50 to a day high of $9.50. The price has fallen in 5 of the last 10 days but is still up by 1.6% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 840 shares were bought and sold for approximately $7.98 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Star Equity Holdings, Inc. stock with a 90% probability to be traded between $9.02 and $9.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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STRRP Signals & Forecast
The Star Equity Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.27 and $9.28. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen -1.04%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -9.16% to $8.63 within 7 trading days since signal was issued (Wednesday, July 03, 2024).
Support, Risk & Stop-loss for Star Equity Holdings, Inc. stock
Star Equity Holdings, Inc. finds support from accumulated volume at $9.49 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: $9.10 (-4.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (STRRP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Star Equity Holdings, Inc. to open at $9.50, and during the day (based on 14 day Average True Range), to move between $9.26 and $9.74, which gives a possible trading interval of +/-$0.242 (+/-2.55%) up or down from last closing price. If Star Equity Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.49 (0.11%) than the resistance at $9.60 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Star Equity Holdings, Inc. stock A Buy?
Star Equity Holdings, 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: 0.151 Hold/Accumulate Unchanged
Predicted Opening Price for Star Equity Holdings, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $9.50 ( 0%) | $9.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STRRP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.50 | - |
| R2 | 9.50 | - |
| R1 | 9.50 | - |
| Price | 9.50 | |
| S1 | 9.50 | - |
| S2 | 9.50 | - |
| S3 | 9.50 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 9.62 | 1.31% |
| R1 | 9.60 | 1.05% |
| Price | 9.50 | |
| S1 | 9.49 | -0.105% |
| S2 | 9.37 | -1.37% |
| S3 | 9.16 | -3.58% |
STRRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 11, 2024 | $0.250 | 2.60% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 11, 2024 | $0.250 | 2.59% |
| 3 | Nov 17, 2023 | Nov 30, 2023 | Dec 11, 2023 | $0.250 | 2.70% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 11, 2023 | $0.250 | 2.71% |
| 5 | May 19, 2023 | May 31, 2023 | Jun 12, 2023 | $0.250 | 2.71% |
FAQ
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