Spin Master Corp Stock Forecast
Spin Master Corp stock price up 0.0992% on Tuesday
(Updated on May 07, 2024)
The Spin Master Corp stock price gained 0.0992% on the last trading day (Tuesday, 7th May 2024), rising from $30.23 to $30.26. During the last trading day the stock fluctuated 1.47% from a day low at $30.01 to a day high of $30.45. The price has been going up and down for this period, and there has been a -3.17% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 107 thousand more shares were traded than the day before. In total, 199 thousand shares were bought and sold for approximately $6.03 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $29.77 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.41% during the next 3 months and, with a 90% probability hold a price between $26.67 and $29.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TOY.TO Signals & Forecast
There are mixed signals in the stock today. The Spin Master Corp 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 $30.41 and $32.43. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.598%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Spin Master Corp stock
Spin Master Corp finds support from accumulated volume at $30.23 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 $0.440 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOY.TO) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Spin Master Corp to open at $30.24, and during the day (based on 14 day Average True Range), to move between $29.55 and $30.97, which gives a possible trading interval of +/-$0.710 (+/-2.35%) up or down from last closing price. If Spin Master Corp 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 $30.23 (0.10%) than the resistance at $31.00 (2.45%), 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
Spin Master Corp will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0100. We will update the financials statements for Spin Master Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.74% in the first trading day after earnings release.
Is Spin Master Corp stock A Buy?
Spin Master Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.095 Sell Candidate Unchanged
Predicted Opening Price for Spin Master Corp of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $30.24 ( 0.0661%) | $30.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOY.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.68 | 1.39 % | |
| R2 | 30.51 | 0.83 % | ||
| R1 | 30.41 | 0.489 % | ||
| Current price: | 30.26 | |||
| Support | S1 | 30.07 | -0.622 % | |
| S2 | 29.97 | -0.96 % | ||
| S3 | 29.80 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.31 | 6.77 % | |
| R2 | 31.06 | 2.64 % | ||
| R1 | 31.00 | 2.45 % | ||
| Current price | 30.26 | |||
| Support | S1 | 30.23 | -0.0991% | |
| S2 | 30.08 | -0.595% | ||
| S3 | 0 | . |
TOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0600 | 0.184% |
| 2 | Nov 01, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.0600 | 0.180% |
| 3 | Aug 02, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.0600 | 0.164% |
| 4 | May 03, 2023 | Jun 29, 2023 | Oct 13, 2023 | $0.0600 | 0.164% |
| 5 | Mar 08, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.0600 | 0.169% |
FAQ
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