Stewart Information Services Corporation Stock Forecast
Stewart Information Services Corporation stock price up 1.31% on Friday
(Updated on Apr 26, 2024)
The Stewart Information Services Corporation stock price gained 1.31% on the last trading day (Friday, 26th Apr 2024), rising from $61.64 to $62.45. During the last trading day the stock fluctuated 2.09% from a day low at $61.52 to a day high of $62.81. The price has been going up and down for this period, and there has been a 4.1% gain for the last 2 weeks. Volume fell on the last day by -153 thousand shares and in total, 157 thousand shares were bought and sold for approximately $9.80 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Stewart Information Services Corporation stock with a 90% probability to be traded between $58.63 and $65.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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STC Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.81%. 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). The Stewart Information Services Corporation 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 $61.83 and $61.67. A breakdown below any of these levels will issue sell signals. 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.
A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 5.63% to $65.97 within 27 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Stewart Information Services Corporation stock
Stewart Information Services Corporation finds support from accumulated volume at $61.27 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 $1.29 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Stewart Information Services Corporation to open at $62.26, and during the day (based on 14 day Average True Range), to move between $60.55 and $64.35, which gives a possible trading interval of +/-$1.90 (+/-3.05%) up or down from last closing price. If Stewart Information Services Corporation takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $63.28 (1.33%) than the support at $61.27 (1.89%), 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 Stewart Information Services Corporation stock A Buy?
Stewart Information Services Corporation 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: -1.702 Sell Candidate Unchanged
Predicted Opening Price for Stewart Information Services Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $62.26 ( 0.306%) | $62.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.55 | 1.76 % | |
| R2 | 63.05 | 0.97 % | ||
| R1 | 62.75 | 0.482 % | ||
| Current price: | 62.45 | |||
| Support | S1 | 61.77 | -1.09 % | |
| S2 | 61.46 | -1.58 % | ||
| S3 | 60.97 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.06 | 4.18 % | |
| R2 | 63.50 | 1.68 % | ||
| R1 | 63.28 | 1.33 % | ||
| Current price | 62.45 | |||
| Support | S1 | 61.27 | -1.89% | |
| S2 | 60.88 | -2.51% | ||
| S3 | 59.76 | -4.31% |
STC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.475 | 0.730% |
| 2 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.475 | 0.81% |
| 3 | Sep 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.480 | 1.10% |
| 4 | Jun 01, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.450 | 1.09% |
| 5 | Mar 01, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.450 | 1.12% |
FAQ
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