Standard Register Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Standard Register Company stock downgraded after the last trading session.
(Updated on Apr 22, 2024)
The Standard Register Company stock price gained 0.772% on the last trading day (Monday, 22nd Apr 2024), rising from $60.91 to $61.38. It has now gained 4 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 1.70% from a day low at $60.72 to a day high of $61.76. The price has risen in 6 of the last 10 days and is up by 2.23% over the past 2 weeks. Volume fell on the last day by -203 thousand shares and in total, 174 thousand shares were bought and sold for approximately $10.67 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 upper part of a weak 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 $61.71 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.16% during the next 3 months and, with a 90% probability hold a price between $59.21 and $63.04 at the end of this 3-month period.
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SR Signals & Forecast
The Standard Register Company 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 $59.29 and $59.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.57%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Standard Register Company stock
Standard Register Company finds support from accumulated volume at $59.27 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 $1.04 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Standard Register Company to open at $61.29, and during the day (based on 14 day Average True Range), to move between $60.24 and $62.52, which gives a possible trading interval of +/-$1.14 (+/-1.86%) up or down from last closing price. If Standard Register Company takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $59.27, some $2.11 (3.44%) from the current price of $61.38, our system finds the risk reward attractive.
Is Standard Register Company stock A Buy?
Standard Register Company 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.097 Sell Candidate Downgraded
Predicted Opening Price for Standard Register Company of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $61.29 ( 0.155%) | $61.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.32 | 1.53 % | |
| R2 | 61.92 | 0.89 % | ||
| R1 | 61.68 | 0.489 % | ||
| Current price: | 61.38 | |||
| Support | S1 | 60.89 | -0.799 % | |
| S2 | 60.65 | -1.20 % | ||
| S3 | 60.25 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 61.38 | |||
| Support | S1 | 59.27 | -3.44% | |
| S2 | 58.46 | -4.76% | ||
| S3 | 58.03 | -5.46% |
SR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2024 | Mar 08, 2024 | Apr 02, 2024 | $0.755 | 1.24% |
| 2 | Nov 13, 2023 | Dec 08, 2023 | Jan 03, 2024 | $0.755 | 1.19% |
| 3 | Aug 02, 2023 | Sep 08, 2023 | Oct 03, 2023 | $0.720 | 1.30% |
| 4 | May 03, 2023 | Jun 09, 2023 | Jul 05, 2023 | $0.720 | 1.13% |
| 5 | Feb 01, 2023 | Mar 09, 2023 | Apr 04, 2023 | $0.720 | 1.03% |
FAQ
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