RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of STAN.L
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Weaker technical forecast for Standard Chartered plc as stock downgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 0.98% PDF

The Standard Chartered plc stock price fell by -2.27% on the last day (Wednesday, 27th Mar 2024) from £695.00 to £679.20. During the last trading day the stock fluctuated 2.54% from a day low at £677.40 to a day high of £694.60. The price has been going up and down for this period, and there has been a 3.98% gain for the last 2 weeks. 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 -3 million shares and in total, 6 million shares were bought and sold for approximately £3.89 billion.

The stock lies in the upper part of a wide and 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 £695.95 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.38% during the next 3 months and, with a 90% probability hold a price between £661.84 and £761.24 at the end of this 3-month period.

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STAN.L Signals & Forecast

The Standard Chartered plc 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 £673.51 and £640.61. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -2.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, June 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Standard Chartered plc stock

Standard Chartered plc finds support from accumulated volume at £669.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £17.20 (2.54%) between high and low. For the last week, the stock has had daily average volatility of 2.59%.

Our recommended stop-loss: £646.30 (-4.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (STAN.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Standard Chartered plc to open at £683.73, and during the day (based on 14 day Average True Range), to move between £662.30 and £696.10, which gives a possible trading interval of +/-£16.90 (+/-2.49%) up or down from last closing price. If Standard Chartered plc takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £682.40 (0.47%) than the support at £669.80 (1.38%), 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 Standard Chartered plc stock A Buy?

Standard Chartered plc 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. 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 Hold/Accumulate candidate.

Current score: 0.845 Hold/Accumulate Downgraded

Predicted Opening Price for Standard Chartered plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£683.73 ( 0.667%) £679.20

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

Trading levels for STAN.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 700.93 3.20 %
R2 694.36 2.23 %
R1 690.30 1.63 %
Current price: 679.20
Support S1 677.16 -0.300 %
S2 673.10 -0.90 %
S3 666.53 -1.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 690.80 1.71 %
R2 687.80 1.27 %
R1 682.40 0.471 %
Current price 679.20
Support S1 669.80 -1.38%
S2 654.00 -3.71%
S3 653.20 -3.83%

STAN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 May 17, 2024 £16.56 2.44%
2 Aug 10, 2023 Aug 10, 2023 Aug 10, 2023 £6.00 0.792%
3 Feb 16, 2023 Feb 23, 2023 May 11, 2023 £14.00 2.26%
4 Jul 29, 2022 Aug 11, 2022 Oct 14, 2022 £4.00 0.739%
5 Feb 17, 2022 Feb 24, 2022 May 12, 2022 £9.00 1.59%

FAQ

What is the symbol for Standard Chartered plc Stock and on which exchange is it traded?
The symbol for Standard Chartered plc is STAN.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Standard Chartered plc Stock?
Standard Chartered plc 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. 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 Hold/Accumulate candidate.

How to buy Standard Chartered plc Stock?
Standard Chartered plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Standard Chartered plc Stock.

What's the current price of Standard Chartered plc Stock?
As of the end of day on the 2024-03-27, the price of an Standard Chartered plc (STAN.L) share was £679.20.

What is the 52-week high and low for Standard Chartered plc Stock?
The 52-week high for Standard Chartered plc Stock is £766.20 and the 52-week low is £571.00.

What is the market capitalization of Standard Chartered plc Stock?
As of the 2024-03-27, the market capitalization of Standard Chartered plc is 17.589B.

When is the next earnings date for Standard Chartered plc?
The upcoming earnings date for Standard Chartered plc is May 02, 2024.
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About Standard Chartered plc

Standard Chartered plc Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management products and services th... STAN.L Profile

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