Sleep Country Canada Holdings Inc Stock Forecast
Stronger technical forecast for Sleep Country Canada Holdings Inc stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Sleep Country Canada Holdings Inc stock price fell by -0.681% on the last day (Thursday, 25th Apr 2024) from $27.91 to $27.72. During the last trading day the stock fluctuated 1.60% from a day low at $27.47 to a day high of $27.91. The price has fallen in 6 of the last 10 days and is down by -1% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 21 thousand shares were bought and sold for approximately $595.90 thousand.
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 $27.57 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 6.50% during the next 3 months and, with a 90% probability hold a price between $29.36 and $33.35 at the end of this 3-month period.
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ZZZ.TO Signals & Forecast
There are mixed signals in the stock today. The Sleep Country Canada Holdings 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 $27.85 and $28.82. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.46%. 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).
Support, Risk & Stop-loss for Sleep Country Canada Holdings Inc stock
Sleep Country Canada Holdings Inc finds support from accumulated volume at $27.61 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.440 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $26.12 (-5.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ZZZ.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Sleep Country Canada Holdings Inc to open at $27.70, and during the day (based on 14 day Average True Range), to move between $27.11 and $28.33, which gives a possible trading interval of +/-$0.611 (+/-2.20%) up or down from last closing price. If Sleep Country Canada Holdings Inc takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.61 (0.40%) than the resistance at $28.04 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sleep Country Canada Holdings Inc stock A Buy?
Sleep Country Canada Holdings Inc 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: -0.327 Hold/Accumulate Upgraded
Predicted Opening Price for Sleep Country Canada Holdings Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $27.70 ( 0.0722%) | $27.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZZZ.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.14 | 1.52 % | |
| R2 | 27.97 | 0.91 % | ||
| R1 | 27.87 | 0.534 % | ||
| Current price: | 27.72 | |||
| Support | S1 | 27.53 | -0.678 % | |
| S2 | 27.43 | -1.05 % | ||
| S3 | 27.26 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.86 | 7.72 % | |
| R2 | 29.49 | 6.39 % | ||
| R1 | 28.04 | 1.15 % | ||
| Current price | 27.72 | |||
| Support | S1 | 27.61 | -0.397% | |
| S2 | 27.50 | -0.794% | ||
| S3 | 27.45 | -0.97% |
ZZZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.237 | 0.83% |
| 2 | Nov 23, 2023 | Nov 23, 2023 | Nov 30, 2023 | $0.237 | 1.00% |
| 3 | Aug 10, 2023 | Aug 24, 2023 | Aug 31, 2023 | $0.237 | 0.96% |
| 4 | May 23, 2023 | May 23, 2023 | May 31, 2023 | $0.237 | 0.90% |
| 5 | Feb 09, 2023 | Feb 16, 2023 | Feb 28, 2023 | $0.215 | 0.83% |
FAQ
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