Staffing 360 Solutions Inc Stock Forecast

Red day on Wednesday for Staffing 360 Solutions Inc
(Updated on Apr 17, 2024)

STAF.L Signals & Forecast

The Staffing 360 Solutions Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £30.10. On a fall, the stock will find some support from the long-term average at approximately £27.40. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 18.20%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Staffing 360 Solutions Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Staffing 360 Solutions Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at £27.50 and £26.75. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Staffing 360 Solutions Inc finds support just below today's level at £27.50. If this is broken, then the next support from accumulated volume will be at £26.75 and £26.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.700 between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 4.23%.

Our recommended stop-loss: £28.28 (-4.30%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (STAF.L) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Staffing 360 Solutions Inc to open at £29.55, and during the day (based on 14 day Average True Range), to move between £27.98 and £31.12, which gives a possible trading interval of +/-£1.57 (+/-5.30%) up or down from last closing price. If Staffing 360 Solutions Inc takes out the full calculated possible swing range there will be an estimated 10.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £31.10 (5.25%) than the support at £27.50 (6.94%), 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 Staffing 360 Solutions Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Staffing 360 Solutions Inc stock to perform well in the short-term.

Current score: 3.361 Buy Candidate Unchanged

Predicted Opening Price for Staffing 360 Solutions Inc of Thursday, April 18, 2024

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