How does SXI's Q3 2025 forecast compare to past trends?
4/6/2025 04:17pm
Standex International (SXI) is forecasted to have a bearish trend in Q3 2025, which is consistent with the current trend. Here's how the forecast compares to past trends:
1. **Current Trend**: The stock is currently in a bearish trend, which has lasted for 39 days. This recent trend suggests that the stock is likely to continue its downward trajectory in the near term.
2. **Forecasted Trend**: The forecast for Q3 2025 is also bearish, with a sell advice and a historical win rate of 61.13% for this type of forecast. This indicates that the forecast is based on closing price and trading volume data, which supports the bearish outlook.
3. **Support and Resistance Levels**: The stock is currently below both the wide support and narrow support levels, as well as below the wide resistance level. This suggests that the stock is likely to continue moving downwards until it reaches a support level, at which point it may experience a bounce or a reversal.
4. **Price Forecast**: The trend similarity-based price forecast for Q3 2025 is between $122.1 and $146.79, with a mean forecast price of $138.56. This range is slightly above the current price, which could indicate a potential for the stock to increase in value. However, the bearish trend and the forecast advice to sell suggest that any potential upside may be limited.
In conclusion, SXI's Q3 2025 forecast is bearish, consistent with the current trend and past performance. The stock is likely to continue its downward trajectory unless it reaches a support level or experiences a reversal. The forecast price range for Q3 2025 is between $122.1 and $146.79, with a mean forecast price of $138.56, which is slightly above the current price but still within the bearish trend.