RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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LS Starrett Company (The) stock downgraded to Buy Candidate
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 1.02% PDF

The LS Starrett Company (The) stock price gained 0.0629% on the last trading day (Wednesday, 27th Mar 2024), rising from $15.89 to $15.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.388% from a day low at $15.89 to a day high of $15.95. The price has risen in 6 of the last 10 days and is up by 0.7% over the past 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 20 thousand shares were bought and sold for approximately $318.03 thousand. 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $16.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.71% during the next 3 months and, with a 90% probability hold a price between $12.36 and $18.74 at the end of this 3-month period.

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SCX Signals & Forecast

The LS Starrett Company (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.86 and $12.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 61.42%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for LS Starrett Company (The) stock

LS Starrett Company (The) finds support from accumulated volume at $15.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0617 between high and low, or 0.388%. For the last week the stock has had daily average volatility of 0.366%.

The LS Starrett Company (The) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $15.49 (-2.58%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 96 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (SCX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect LS Starrett Company (The) to open at $15.91, and during the day (based on 14 day Average True Range), to move between $15.50 and $16.30, which gives a possible trading interval of +/-$0.403 (+/-2.53%) up or down from last closing price. If LS Starrett Company (The) takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $15.85, some $0.0500 (0.31%) from the current price of $15.90, our system finds the risk reward attractive.

Is LS Starrett Company (The) 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 LS Starrett Company (The) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.769 Buy Candidate Downgraded

Predicted Opening Price for LS Starrett Company (The) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$15.91 ( 0.0803%) $15.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SCX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.97 0.468 %
R2 15.95 0.320 %
R1 15.94 0.229 %
Current price: 15.90
Support S1 15.89 -0.0679 %
S2 15.87 -0.160 %
S3 15.85 -0.308 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 15.90
Support S1 15.85 -0.314%
S2 15.76 -0.88%
S3 15.74 -1.01%

SCX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 07, 2017 Dec 18, 2017 Dec 29, 2017 $0.100 1.16%
2 Sep 07, 2017 Sep 18, 2017 Sep 29, 2017 $0.100 1.12%
3 Jun 09, 2017 Jun 16, 2017 Jun 29, 2017 $0.100 1.18%
4 Mar 08, 2017 Mar 10, 2017 Mar 30, 2017 $0.100 0.94%
5 Dec 08, 2016 Dec 16, 2016 Dec 30, 2016 $0.100 1.08%

FAQ

What is the symbol for LS Starrett Company (The) Stock and on which exchange is it traded?
The symbol for LS Starrett Company (The) is SCX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell LS Starrett Company (The) Stock?
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 LS Starrett Company (The) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy LS Starrett Company (The) Stock?
LS Starrett Company (The) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy LS Starrett Company (The) Stock.

What's the current price of LS Starrett Company (The) Stock?
As of the end of day on the 2024-03-27, the price of an LS Starrett Company (The) (SCX) share was $15.90.

What is the 52-week high and low for LS Starrett Company (The) Stock?
The 52-week high for LS Starrett Company (The) Stock is $15.95 and the 52-week low is $8.55.

What is the market capitalization of LS Starrett Company (The) Stock?
As of the 2024-03-27, the market capitalization of LS Starrett Company (The) is 116.346M.

When is the next earnings date for LS Starrett Company (The)?
The upcoming earnings date for LS Starrett Company (The) is May 13, 2024.
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About LS Starrett Company (The)

LS Starrett Company (The) The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand. The company's products include precision tools, electronic gauges, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, squares, band s... SCX Profile

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