SWP Forecast and Technical Stock AnalysisHold candidate since 2019-07-12
Stanley Black & Decker Inc. Corporate Units gained 0.77% in the last trading day ( Friday, 12th Jul 2019 ), rising from $102.05 to $102.84 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.88% from a day low at $102.00 to a day high of $103.92. The price has risen in 6 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume fell in the last day by -425 484 shares, and in total, 44 462 shares bought and sold for approximately $4.57 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the SWP stock price was $104.00 and low was $99.71.
- 90 day high was $106.84 and low was $93.24.
- 52 week high for the Stanley Black & Decker Inc. Corporate Units - $115.64 and low - $85.92.
Stanley Black & Decker Inc. Corporate Units is at the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $104.78 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Stanley Black & Decker Inc. Corporate Units with 90% probability to be traded between $91.98 and $103.86 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.
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 $102.12 and $99.90. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 08, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 56 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Stanley Black & Decker Inc. Corporate Units finds support from accumulated volume at $102.05.
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 $1.92 (1.88%) between high and low. For the last week, the stock has had a daily average volatility of 1.41%.
Our recommended stoploss: $97.73 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
1.41 %Average volatility
Very Low Low Medium High Very High
Stanley Black & Decker Inc. Corporate Units holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
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