Stanley Black & Decker Inc Stock Forecast
Weaker technical forecast for Stanley Black & Decker Inc as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The Stanley Black & Decker Inc stock price fell by -1.60% on the last day (Thursday, 25th Apr 2024) from $90.27 to $88.83. During the last trading day the stock fluctuated 2.80% from a day low at $87.38 to a day high of $89.83. The price has fallen in 7 of the last 10 days and is down by -4.81% for this period. Volume has increased on the last day by 869 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $189.50 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $88.51 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.33% during the next 3 months and, with a 90% probability hold a price between $90.58 and $100.92 at the end of this 3-month period.
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SWK Signals & Forecast
There are few to no technical positive signals at the moment. The Stanley Black & Decker Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $89.59 and $92.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.29%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Stanley Black & Decker Inc stock
Stanley Black & Decker Inc finds support from accumulated volume at $88.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.45 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Stanley Black & Decker Inc to open at $88.68, and during the day (based on 14 day Average True Range), to move between $86.67 and $90.99, which gives a possible trading interval of +/-$2.16 (+/-2.44%) up or down from last closing price. If Stanley Black & Decker Inc takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $88.29 (0.61%) than the resistance at $90.63 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Stanley Black & Decker Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.550. We will update the financials statements for Stanley Black & Decker Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.49% in the first trading day after earnings release.
Is Stanley Black & Decker Inc stock A Buy?
The Stanley Black & Decker Inc stock holds several negative signals and despite the positive trend, we believe Stanley Black & Decker Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.323 Sell Candidate Downgraded
Predicted Opening Price for Stanley Black & Decker Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $88.68 ( 0.171%) | $88.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.12 | 2.58 % | |
| R2 | 90.19 | 1.53 % | ||
| R1 | 89.61 | 0.88 % | ||
| Current price: | 88.83 | |||
| Support | S1 | 87.74 | -1.22 % | |
| S2 | 87.17 | -1.87 % | ||
| S3 | 86.23 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.30 | 5.03 % | |
| R2 | 91.86 | 3.41 % | ||
| R1 | 90.63 | 2.03 % | ||
| Current price | 88.83 | |||
| Support | S1 | 88.29 | -0.608% | |
| S2 | 87.11 | -1.94% | ||
| S3 | 86.99 | -2.07% |
SWK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 08, 2024 | Mar 19, 2024 | $0.81 | 0.89% |
| 2 | Feb 27, 2024 | Mar 07, 2024 | Mar 19, 2024 | $0.81 | 0.89% |
| 3 | Oct 24, 2023 | Nov 30, 2023 | Dec 19, 2023 | $0.81 | 0.83% |
| 4 | Jul 27, 2023 | Sep 01, 2023 | Sep 19, 2023 | $0.81 | 0.93% |
| 5 | Apr 21, 2023 | Jun 02, 2023 | Jun 20, 2023 | $0.80 | 0.90% |
FAQ
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