RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SCHL
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Red day on Thursday for Scholastic Corporation stock after losing 1.44%
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Loss -1.92% PDF

The Scholastic Corporation stock price fell by -1.44% on the last day (Thursday, 28th Mar 2024) from $38.26 to $37.71. During the last trading day the stock fluctuated 1.99% from a day low at $37.67 to a day high of $38.42. The price has risen in 6 of the last 10 days and is up by 3.29% over the past 2 weeks. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 184 thousand shares were bought and sold for approximately $6.92 million.

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 Scholastic Corporation stock with a 90% probability to be traded between $35.88 and $40.37 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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SCHL 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 Scholastic 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 $38.04 and $38.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -2.13%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Scholastic Corporation stock

Scholastic Corporation finds support from accumulated volume at $37.37 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 $0.750 between high and low, or 1.99%. For the last week, the stock has had daily average volatility of 3.16%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SCHL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Scholastic Corporation to open at $37.93, and during the day (based on 14 day Average True Range), to move between $36.56 and $38.86, which gives a possible trading interval of +/-$1.15 (+/-3.05%) up or down from last closing price. If Scholastic 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 $37.72 (0.03%) than the support at $37.37 (0.90%), 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 Scholastic Corporation stock A Buy?

Scholastic 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: -2.978 Sell Candidate Unchanged

Predicted Opening Price for Scholastic Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$37.93 ( 0.592%) $37.71

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SCHL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 38.68 2.58 %
R2 38.40 1.82 %
R1 38.22 1.35 %
Current price: 37.71
Support S1 37.65 -0.168 %
S2 37.47 -0.637 %
S3 37.18 -1.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 38.99 3.39 %
R2 38.53 2.17 %
R1 37.72 0.0265 %
Current price 37.71
Support S1 37.37 -0.90%
S2 36.93 -2.07%
S3 36.51 -3.18%

SCHL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Apr 29, 2024 Jun 17, 2024 $0.200 0.530%
2 Dec 13, 2023 Jan 30, 2024 Mar 15, 2024 $0.200 0.542%
3 Sep 20, 2023 Oct 30, 2023 Dec 15, 2023 $0.200 0.546%
4 Jul 19, 2023 Aug 30, 2023 Sep 15, 2023 $0.200 0.504%
5 Mar 22, 2023 Apr 27, 2023 Jun 15, 2023 $0.200 0.514%

FAQ

What is the symbol for Scholastic Corporation Stock and on which exchange is it traded?
The symbol for Scholastic Corporation is SCHL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Scholastic Corporation Stock?
Scholastic 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.

How to buy Scholastic Corporation Stock?
Scholastic Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Scholastic Corporation Stock.

What's the current price of Scholastic Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Scholastic Corporation (SCHL) share was $37.71.

What is the 52-week high and low for Scholastic Corporation Stock?
The 52-week high for Scholastic Corporation Stock is $45.98 and the 52-week low is $32.32.

What is the market capitalization of Scholastic Corporation Stock?
As of the 2024-03-28, the market capitalization of Scholastic Corporation is 1.047B.

When is the next earnings date for Scholastic Corporation?
The upcoming earnings date for Scholastic Corporation is Jul 18, 2024.
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About Scholastic Corporation

Scholastic Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel. Its original publications in... SCHL Profile

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