Standex International Corporation Stock Forecast
Standex International Corporation stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The Standex International Corporation stock price gained 1.68% on the last trading day (Thursday, 2nd May 2024), rising from $174.10 to $177.02. During the last trading day the stock fluctuated 2.92% from a day low at $172.48 to a day high of $177.52. The price has risen in 8 of the last 10 days and is up by 6.1% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 65 thousand shares were bought and sold for approximately $11.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.63% during the next 3 months and, with a 90% probability hold a price between $178.59 and $206.79 at the end of this 3-month period.
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SXI Signals & Forecast
The Standex International Corporation 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 $173.72 and $174.63. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, March 21, 2024, and so far it has fallen -3.36%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Standex International Corporation stock
Standex International Corporation finds support from accumulated volume at $175.71 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 $5.04 between high and low, or 2.92%. For the last week the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: $170.18 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (SXI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Standex International Corporation to open at $175.67, and during the day (based on 14 day Average True Range), to move between $173.14 and $180.90, which gives a possible trading interval of +/-$3.88 (+/-2.19%) up or down from last closing price. If Standex International Corporation takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $175.71 (0.74%) than the resistance at $179.25 (1.26%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Standex International Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.095 Buy Candidate Upgraded
Predicted Opening Price for Standex International Corporation of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$175.67 ( 0.761%) | $177.02 |
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 | 180.71 | 2.09 % | |
R2 | 178.79 | 1.00 % | ||
R1 | 177.60 | 0.327 % | ||
Current price: | 177.02 | |||
Support | S1 | 173.75 | -1.85 % | |
S2 | 172.56 | -2.52 % | ||
S3 | 170.63 | -3.61 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 180.17 | 1.78 % | |
R2 | 179.78 | 1.56 % | ||
R1 | 179.25 | 1.26 % | ||
Current price | 177.02 | |||
Support | S1 | 175.71 | -0.740% | |
S2 | 169.68 | -4.15% | ||
S3 | 154.76 | -12.57% |
SXI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 09, 2024 | $0 | 0% |
2 | Jan 26, 2024 | Feb 12, 2024 | Feb 26, 2024 | $0.300 | 0.180% |
3 | Jan 26, 2024 | Feb 09, 2024 | Feb 26, 2024 | $0.300 | 0.180% |
4 | Oct 26, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.300 | 0.219% |
5 | Jul 27, 2023 | Aug 08, 2023 | Aug 25, 2023 | $0.280 | 0.179% |
FAQ
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