Stanley Black & Decker Inc. Corporate Units Forecast and Stock Analysis
Technical SWP stock analysis for February 15, 2019.
Stanley Black & Decker Inc. Corporate Units gained 0.72% in the last trading day, rising from $98.20 to $98.91 The price has risen in 6 of the last 10 days and is up by 3.9% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 72 914 more shares were traded than the day before. In total, 92 188 shares bought and sold for approximately $9.12 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SWP stock was $98.91. This is 0.72% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.68% from a day low at $97.96 to a day high of $99.61.
30 day high of the SWP stock price was $105.65 and low was $89.00.
90 day high was $105.65 and low was $86.39.
52 week high for the Stanley Black & Decker Inc. Corporate Units - $124.50 and low - $85.92.
Given the current horizontal trend you can expect Stanley Black & Decker Inc. Corporate Units with 90% probability to be traded between $88.90 and $105.04 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Stanley Black & Decker Inc. Corporate Units holds buy signals from both short- and long-term moving averages. In addition, 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 $97.21 and $95.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Stanley Black & Decker Inc. Corporate Units finds support from accumulated volume at $95.79.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.65 (1.68%) between high and low. For the last week, the stock has had a daily average volatility of 1.44%.
Our recommended stoploss: $94.36 (-4.60%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.