Staffing 360 Solutions Inc Stock Forecast
Staffing 360 Solutions Inc stock price up 0.196% on Wednesday
(Updated on Mar 27, 2024)
The Staffing 360 Solutions Inc stock price gained 0.196% on the last trading day (Wednesday, 27th Mar 2024), rising from £25.45 to £25.50. During the last trading day the stock fluctuated 5.60% from a day low at £25.00 to a day high of £26.40. The price has fallen in 6 of the last 10 days and is down by -1.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 486 thousand more shares were traded than the day before. In total, 631 thousand shares were bought and sold for approximately £16.10 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £25.42 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 10.35% during the next 3 months and, with a 90% probability hold a price between £28.05 and £39.09 at the end of this 3-month period.
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STAF.L Signals & Forecast
There are mixed signals in the stock today. The Staffing 360 Solutions 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 £25.89 and £27.70. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 2.00%. 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 Staffing 360 Solutions Inc stock
Staffing 360 Solutions Inc finds support from accumulated volume at £25.00 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 £1.40 between high and low, or 5.60%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STAF.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Staffing 360 Solutions Inc to open at £25.63, and during the day (based on 14 day Average True Range), to move between £24.07 and £26.93, which gives a possible trading interval of +/-£1.43 (+/-5.59%) up or down from last closing price. If Staffing 360 Solutions Inc takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £26.00 (1.96%) than the support at £25.00 (1.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Staffing 360 Solutions Inc stock A Buy?
Staffing 360 Solutions Inc 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: -1.816 Sell Candidate Unchanged
Predicted Opening Price for Staffing 360 Solutions Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£25.63 ( 0.523%) | £25.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STAF.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.03 | 6.01 % | |
R2 | 26.50 | 3.92 % | ||
R1 | 26.17 | 2.62 % | ||
Current price: | 25.50 | |||
Support | S1 | 25.10 | -1.57 % | |
S2 | 24.77 | -2.87 % | ||
S3 | 24.23 | -4.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 31.50 | 23.53 % | |
R2 | 31.45 | 23.33 % | ||
R1 | 26.00 | 1.96 % | ||
Current price | 25.50 | |||
Support | S1 | 25.00 | -1.96% | |
S2 | 23.50 | -7.84% | ||
S3 | 22.40 | -12.16% |
STAF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 25, 2018 | Oct 11, 2018 | Nov 13, 2018 | £10.20 | 0.92% |
2 | Mar 29, 2018 | May 31, 2018 | Jul 03, 2018 | £14.17 | 1.68% |
3 | Jul 26, 2017 | Oct 12, 2017 | Nov 14, 2017 | £9.93 | 1.01% |
4 | Jan 25, 2017 | Jun 01, 2017 | Jul 04, 2017 | £13.81 | 1.18% |
5 | Jul 27, 2016 | Oct 13, 2016 | Nov 15, 2016 | £9.48 | 1.21% |
FAQ
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