Stantec Inc Stock Forecast
Stantec Inc stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Apr 17, 2024)
The Stantec Inc stock price fell by -0.600% on the last day (Wednesday, 17th Apr 2024) from $80.04 to $79.56. During the last trading day the stock fluctuated 2.40% from a day low at $78.81 to a day high of $80.70. The price has fallen in 6 of the last 10 days and is down by -2.04% for this period. 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 -14 thousand shares and in total, 71 thousand shares were bought and sold for approximately $5.64 million.
Given the current horizontal trend, you can expect Stantec Inc stock with a 90% probability to be traded between $80.93 and $88.43 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
STN Signals & Forecast
There are few to no technical positive signals at the moment. The Stantec 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 $80.28 and $83.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -8.00%. 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.
Support, Risk & Stop-loss for Stantec Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.89 between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 1.76%.
Stantec Inc is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STN) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Stantec Inc to open at $79.69, and during the day (based on 14 day Average True Range), to move between $78.12 and $81.00, which gives a possible trading interval of +/-$1.44 (+/-1.81%) up or down from last closing price. If Stantec Inc takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $83.04, some $3.48 (4.37%) from the current price of $79.56, our system finds the risk reward not very attractive.
Is Stantec Inc stock A Buy?
Stantec Inc holds several negative signals and is within a falling trend, so we believe 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 Buy to a Sell candidate.
Current score: -2.258 Sell Candidate Downgraded
Predicted Opening Price for Stantec Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $79.69 ( 0.163%) | $79.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.58 | 2.54 % | |
| R2 | 80.86 | 1.63 % | ||
| R1 | 80.41 | 1.07 % | ||
| Current price: | 79.56 | |||
| Support | S1 | 78.97 | -0.744 % | |
| S2 | 78.52 | -1.30 % | ||
| S3 | 77.80 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.79 | 6.57 % | |
| R2 | 83.35 | 4.76 % | ||
| R1 | 83.04 | 4.37 % | ||
| Current price | 79.56 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
STN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 2 | Nov 09, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.140 | 0.177% |
| 3 | Aug 09, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.140 | 0.215% |
| 4 | May 10, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.147 | 0.216% |
| 5 | Feb 22, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.144 | 0.242% |
FAQ
Click here for our free guide on how to buy Stantec Inc Stock.
