Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of SCX will rise by +0.33% over the next 2 Weeks and hit $16.23 by Wednesday, June 5, 2024. In that time frame, SCX's share price is expected to range between $16.02 and $16.45.
BearishAverageBullishSCX shares rose +0.06% in Wednesday, May 22, 2024's trading session, rising from a previous close of $16.17 to move at $16.18. The stock demonstrated notable intraday movement (see SCX's key stats for a full breakdown), fluctuating between $16.17 and $16.19, a +0.12% trading range. While recent weeks have seen some volatility, SCX has managed to secure a +0.31% gain over the past 2 weeks. The upward price movement was accompanied by increased trading volume, with approximately 61.69K shares changing hands, 29.62K more than the previous session. This amounted to $998.14K in total market activity.
Will SCX Continue Its Upward Trend?
According to analyst ratings and projections for SCX, The L.S. Starrett Company shares are anticipated to increase by +1.45%, potentially reaching $16.42 per share by June 5, 2024. Short-term technical indicators currently suggest a neutral sentiment for SCX. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 16 positive trading days within the past 30 sessions. Based on the SCX stock forecast, now is a good time to buy SCX stock because its current trading price is -0.21% below our predicted value, hinting at a possible overvaluation. For deeper insights, view our sentiment analysis on SCX covering social and institutional perspectives.
SCX Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into SCX's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 67.60% to 70.04%) suggest the stock is showing bullish momentum with some volatility. The 50-day RSI, at 62.65%, suggests strong medium-term momentum. Additionally, the 100-day RSI, at 58.39%, maintains a neutral outlook for the long term. Insights into SCX's shareholder base show how institutional investors are positioning themselves during these momentum shifts
The L.S. Starrett Company Monthly Forecast 2024–2025
September 2024
According to our latest forecast models, The L.S. Starrett Company (SCX) is positioned to show a strong performance in September 2024. The price is predicted to move between $18.97 and $20.63, settling at an average of $19.87. This could translate to a +22.81% gain.
October 2024
Based on current market signals, The L.S. Starrett Company is projected to trend october 2024. We forecast a trading range from $19.52 to $22.28, with a likely average price of $20.85. Investors could expect a potential return of +28.86%.
November 2024
Our predictive algorithms indicate The L.S. Starrett Company stock may see a shift in November 2024. The expected range spans $20.42–$22.82, with an average target of $21.43. This represents a positive outlook and a possible gain of +32.45%.
December 2024
Analyzing established trends, The L.S. Starrett Company looks set to move in December 2024. Projections place the stock between $20.66 and $22.68, averaging around $21.72. This suggests a +34.24% gain from current levels.
January 2025
Market indicators suggest The L.S. Starrett Company could experience notable changes during January 2025. Prices could fluctuate within $21.57 to $24.41, with a midpoint forecast of $23.15. The stock might deliver a +43.08% gain.
February 2025
Forecasting for February 2025, models estimate that The L.S. Starrett Company may undergo key fluctuations. If trends hold, the stock might trade between $22.98 and $25.20, averaging $24.12. This signals a positive trajectory with potential returns around +49.07%.
March 2025
According to our latest forecast models, The L.S. Starrett Company (SCX) is positioned to show a strong performance in March 2025. The price is predicted to move between $24.04 and $26.55, settling at an average of $25.24. This could translate to a +56.00% gain.
April 2025
Based on current market signals, The L.S. Starrett Company is projected to trend april 2025. We forecast a trading range from $24.71 to $26.86, with a likely average price of $25.77. Investors could expect a potential return of +59.27%.
May 2025
Our predictive algorithms indicate The L.S. Starrett Company stock may see a shift in May 2025. The expected range spans $24.89–$27.05, with an average target of $26.05. This represents a positive outlook and a possible gain of +61.00%.
SCX's history of dividends and stock splits also plays a role in long-term investor confidence.