Standard Register Company Stock Forecast
Green day on Wednesday for Standard Register Company stock after gaining 1.44%
(Updated on Apr 24, 2024)
The Standard Register Company stock price gained 1.44% on the last trading day (Wednesday, 24th Apr 2024), rising from $61.17 to $62.05. During the last trading day the stock fluctuated 2.80% from a day low at $60.45 to a day high of $62.15. The price has risen in 6 of the last 10 days and is up by 6.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 190 thousand more shares were traded than the day before. In total, 495 thousand shares were bought and sold for approximately $30.72 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $62.07 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.03% during the next 3 months and, with a 90% probability hold a price between $60.08 and $63.95 at the end of this 3-month period.
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SR Signals & Forecast
The Standard Register Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $60.18 and $60.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Standard Register Company stock
Standard Register Company finds support from accumulated volume at $59.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.70 between high and low, or 2.80%. For the last week the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: $59.66 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (SR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Standard Register Company to open at $61.55, and during the day (based on 14 day Average True Range), to move between $60.87 and $63.23, which gives a possible trading interval of +/-$1.18 (+/-1.90%) up or down from last closing price. If Standard Register Company takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $59.27, some $2.78 (4.48%) from the current price of $62.05, our system finds the risk reward attractive.
Earnings coming up
Standard Register Company will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.87. We will update the financials statements for Standard Register Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.74% in the first trading day after earnings release.
Is Standard Register Company stock A Buy?
Standard Register Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Standard Register Company of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $61.55 ( 0.81%) | $62.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.24 | 1.92 % | |
| R2 | 62.60 | 0.88 % | ||
| R1 | 62.20 | 0.235 % | ||
| Current price: | 62.05 | |||
| Support | S1 | 60.90 | -1.85 % | |
| S2 | 60.50 | -2.50 % | ||
| S3 | 59.85 | -3.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 62.05 | |||
| Support | S1 | 59.27 | -4.48% | |
| S2 | 58.46 | -5.79% | ||
| S3 | 58.03 | -6.48% |
SR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2024 | Mar 08, 2024 | Apr 02, 2024 | $0.755 | 1.24% |
| 2 | Nov 13, 2023 | Dec 08, 2023 | Jan 03, 2024 | $0.755 | 1.19% |
| 3 | Aug 02, 2023 | Sep 08, 2023 | Oct 03, 2023 | $0.720 | 1.30% |
| 4 | May 03, 2023 | Jun 09, 2023 | Jul 05, 2023 | $0.720 | 1.13% |
| 5 | Feb 01, 2023 | Mar 09, 2023 | Apr 04, 2023 | $0.720 | 1.03% |
FAQ
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