Star Equity Holdings, Inc. Stock Forecast

Big movements in Star Equity Holdings, Inc. stock price on Friday moving 17.53% between high and low
(Updated on Jun 28, 2024)

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. 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 $9.69 and $9.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 18.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Star Equity Holdings, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, June 18, 2024 with a target of $9.44. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Star Equity Holdings, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.60 and $9.49. 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, Star Equity Holdings, Inc. finds support just below today's level at $9.60. If this is broken, then the next support from accumulated volume will be at $9.49 and $9.37.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.70 (17.53%) between high and low. For the last week, the stock has had daily average volatility of 5.54%.

Our recommended stop-loss: $10.27 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (STRRP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Star Equity Holdings, Inc. to open at $10.58, and during the day (based on 14 day Average True Range), to move between $10.30 and $11.00, which gives a possible trading interval of +/-$0.348 (+/-3.27%) 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 6.54% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $9.60, some $1.05 (9.86%) from the current price of $10.65, our system finds the risk reward attractive.

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Star Equity Holdings, Inc. of Monday, July 1, 2024

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