Spin Master Corp Stock Forecast
Stronger technical forecast for Spin Master Corp stock price after Tuesday trading.
(Updated on May 28, 2024)
The Spin Master Corp stock price gained 0.519% on the last trading day (Tuesday, 28th May 2024), rising from $28.89 to $29.04. During the last trading day the stock fluctuated 1.08% from a day low at $28.76 to a day high of $29.07. The price has fallen in 6 of the last 10 days and is down by -1.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 66 thousand shares were bought and sold for approximately $1.91 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.05% during the next 3 months and, with a 90% probability hold a price between $24.76 and $26.84 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 $29.07 and $30.45. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has risen 0.519%. 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 $29.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.310 (1.08%) between high and low. For the last week, the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: $27.26 (-6.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (TOY.TO) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Spin Master Corp to open at $28.96, and during the day (based on 14 day Average True Range), to move between $28.45 and $29.63, which gives a possible trading interval of +/-$0.591 (+/-2.04%) up or down from last closing price. If Spin Master Corp takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.01 (0.10%) than the resistance at $29.40 (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Spin Master Corp stock A Buy?
Spin Master Corp 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.610 Hold/Accumulate Upgraded
Predicted Opening Price for Spin Master Corp of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| $28.96 ( 0.287%) | $29.04 |
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 | 29.27 | 0.781 % | |
| R2 | 29.15 | 0.373 % | ||
| R1 | 29.08 | 0.121 % | ||
| Current price: | 29.04 | |||
| Support | S1 | 28.84 | -0.695 % | |
| S2 | 28.77 | -0.95 % | ||
| S3 | 28.65 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.31 | 11.26 % | |
| R2 | 31.06 | 6.96 % | ||
| R1 | 29.40 | 1.24 % | ||
| Current price | 29.04 | |||
| Support | S1 | 29.01 | -0.103% | |
| S2 | 28.96 | -0.275% | ||
| S3 | 28.89 | -0.517% |
TOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 12, 2024 | $0.120 | 0.413% |
| 2 | Feb 28, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.0600 | 0.184% |
| 3 | Nov 01, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.0600 | 0.180% |
| 4 | Aug 02, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.0600 | 0.164% |
| 5 | May 03, 2023 | Jun 29, 2023 | Oct 13, 2023 | $0.0600 | 0.164% |
FAQ
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