Standex International Corporation Stock Forecast
Evaluation of Standex International Corporation stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The Standex International Corporation stock price gained 0.414% on the last trading day (Friday, 19th Apr 2024), rising from $166.85 to $167.54. During the last trading day the stock fluctuated 1.60% from a day low at $166.19 to a day high of $168.85. The price has fallen in 6 of the last 10 days and is down by -2.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $5.99 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $167.32 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 17.87% during the next 3 months and, with a 90% probability hold a price between $197.23 and $227.03 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SXI Signals & Forecast
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. The Standex International Corporation 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 $169.31 and $175.36. 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 21, 2024, and so far it has fallen -8.54%. 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 Friday, February 02, 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.
Golden Star
The stock had a Golden Star Signal on Friday, February 02, 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 Standex International Corporation stock
Standex International Corporation finds support from accumulated volume at $161.34 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 $2.66 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SXI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Standex International Corporation to open at $167.53, and during the day (based on 14 day Average True Range), to move between $163.61 and $171.47, which gives a possible trading interval of +/-$3.93 (+/-2.34%) up or down from last closing price. If Standex International Corporation takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $161.34 (3.70%) than the resistance at $175.71 (4.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Standex International Corporation stock A Buy?
The Standex International Corporation stock holds several negative signals and despite the positive trend, we believe Standex International Corporation 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: -3.880 Sell Candidate Downgraded
Predicted Opening Price for Standex International Corporation of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$167.53 ( 0.0080%) | $167.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 170.19 | 1.58 % | |
R2 | 169.17 | 0.97 % | ||
R1 | 168.54 | 0.599 % | ||
Current price: | 167.54 | |||
Support | S1 | 166.51 | -0.614 % | |
S2 | 165.88 | -0.99 % | ||
S3 | 164.87 | -1.60 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 180.17 | 7.54 % | |
R2 | 179.78 | 7.31 % | ||
R1 | 175.71 | 4.88 % | ||
Current price | 167.54 | |||
Support | S1 | 161.34 | -3.70% | |
S2 | 154.76 | -7.63% | ||
S3 | 149.38 | -10.84% |
SXI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 26, 2024 | Feb 12, 2024 | Feb 26, 2024 | $0.300 | 0.180% |
2 | Jan 26, 2024 | Feb 09, 2024 | Feb 26, 2024 | $0.300 | 0.180% |
3 | Oct 26, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.300 | 0.219% |
4 | Jul 27, 2023 | Aug 08, 2023 | Aug 25, 2023 | $0.280 | 0.179% |
5 | Apr 27, 2023 | May 09, 2023 | May 25, 2023 | $0.280 | 0.201% |
FAQ
Click here for our free guide on how to buy Standex International Corporation Stock.