Strattec Security Corporation Stock Forecast
Strattec Security Corporation stock price up 2.65% on Thursday
(Updated on Apr 18, 2024)
The Strattec Security Corporation stock price gained 2.65% on the last trading day (Thursday, 18th Apr 2024), rising from $21.90 to $22.48. During the last trading day the stock fluctuated 2.18% from a day low at $22.00 to a day high of $22.48. The price has been going up and down for this period, and there has been a -7.87% loss for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately $76.63 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 wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.36% during the next 3 months and, with a 90% probability hold a price between $19.64 and $24.20 at the end of this 3-month period.
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STRT Signals & Forecast
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. The Strattec Security Corporation 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 $23.40 and $23.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -10.08%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Strattec Security Corporation stock
Strattec Security Corporation finds support from accumulated volume at $22.30 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.480 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 4.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STRT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Strattec Security Corporation to open at $22.32, and during the day (based on 14 day Average True Range), to move between $21.64 and $23.32, which gives a possible trading interval of +/-$0.84 (+/-3.72%) up or down from last closing price. If Strattec Security Corporation takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.30 (0.80%) than the resistance at $23.00 (2.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Strattec Security Corporation will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.100. We will update the financials statements for Strattec Security Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.31% in the first trading day after earnings release.
Is Strattec Security Corporation stock A Buy?
Strattec Security Corporation holds several negative signals and is within a wide and 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.
Current score: -3.713 Sell Candidate Unchanged
Predicted Opening Price for Strattec Security Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $22.32 ( 0.712%) | $22.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.80 | 1.42 % | |
| R2 | 22.62 | 0.608 % | ||
| R1 | 22.50 | 0.104 % | ||
| Current price: | 22.48 | |||
| Support | S1 | 22.14 | -1.53 % | |
| S2 | 22.02 | -2.03 % | ||
| S3 | 21.84 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.70 | 23.22 % | |
| R2 | 24.42 | 8.63 % | ||
| R1 | 23.00 | 2.31 % | ||
| Current price | 22.48 | |||
| Support | S1 | 22.30 | -0.80% | |
| S2 | 21.90 | -2.58% | ||
| S3 | 21.84 | -2.85% |
STRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2020 | Mar 12, 2020 | Mar 27, 2020 | $0.140 | 0.97% |
| 2 | Oct 08, 2019 | Dec 12, 2019 | Dec 27, 2019 | $0.140 | 0.636% |
| 3 | Aug 21, 2019 | Sep 12, 2019 | Sep 27, 2019 | $0.140 | 0.705% |
| 4 | May 15, 2019 | Jun 13, 2019 | Jun 28, 2019 | $0.140 | 0.581% |
| 5 | Feb 26, 2019 | Mar 14, 2019 | Mar 29, 2019 | $0.140 | 0.477% |
FAQ
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