Staffing 360 Solutions Inc 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
Green day on Thursday for Staffing 360 Solutions Inc stock after gaining 0.677%
(Updated on Apr 18, 2024)
The Staffing 360 Solutions Inc stock price gained 0.677% on the last trading day (Thursday, 18th Apr 2024), rising from £29.55 to £29.75. During the last trading day the stock fluctuated 1.69% from a day low at £29.50 to a day high of £30.00. The price has been going up and down for this period, and there has been a 1.19% gain for the last 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 28 thousand shares were bought and sold for approximately £823.93 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 middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.07% during the next 3 months and, with a 90% probability hold a price between £27.66 and £38.06 at the end of this 3-month period.
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STAF.L Signals & Forecast
The Staffing 360 Solutions Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £29.91. On a fall, the stock will find some support from the long-term average at approximately £27.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 19.00%. 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). 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 Staffing 360 Solutions Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at £27.50 and £26.75. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Staffing 360 Solutions Inc finds support just below today's level at £27.50. If this is broken, then the next support from accumulated volume will be at £26.75 and £26.00.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.500 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 4.22%.
Our recommended stop-loss: £28.45 (-4.38%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (STAF.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Staffing 360 Solutions Inc to open at £29.75, and during the day (based on 14 day Average True Range), to move between £28.26 and £31.24, which gives a possible trading interval of +/-£1.49 (+/-5.01%) 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 10.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £31.10 (4.54%) than the support at £27.50 (7.56%), 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?
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 Staffing 360 Solutions Inc stock to perform well in the short-term.
Current score: 1.876 Buy Candidate Unchanged
Predicted Opening Price for Staffing 360 Solutions Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £29.75 ( 0%) | £29.75 |
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 | 30.25 | 1.68 % | |
| R2 | 30.06 | 1.04 % | ||
| R1 | 29.94 | 0.642 % | ||
| Current price: | 29.75 | |||
| Support | S1 | 29.56 | -0.642 % | |
| S2 | 29.44 | -1.04 % | ||
| S3 | 29.25 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.50 | 5.88 % | |
| R2 | 31.45 | 5.71 % | ||
| R1 | 31.10 | 4.54 % | ||
| Current price | 29.75 | |||
| Support | S1 | 27.50 | -7.56% | |
| S2 | 26.75 | -10.08% | ||
| S3 | 26.00 | -12.61% |
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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