Should you trade Staffing 360 (NASDAQ:STAF) based on latest technical indicators?

While some traders are getting carried away by overanalyzing industrials space, it is reasonable to digest Staffing 360 Solutions against current market trends. For some shorter-term oriented investors Staffing 360 may be the right move right now, Let's take a closer look. A lot of the trends of the company stock price movements has been a demonstration of what is happening in the market overall. Sound basic indicators of the firm may also indicate signals of longer-term gains for Staffing shareholders. The upcoming quarterly report is expected on the 10th of August 2021. The stock experiences an active upward rally.
Published over a year ago
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Reviewed by Raphi Shpitalnik

Staffing 360 Solutions's average rating is Strong Buy from 1 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Staffing 360 market sentiment investors' perception of the future value of Staffing. Let us look at a few aspects of Staffing technical analysis. Staffing 360 Solutions has price-to-book ratio of 1.46. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. The entity recorded a loss per share of 1.32. The firm next dividend is scheduled to be issued on the 12th of December 2019. Staffing 360 had 3:1 split on the 4th of January 2018.
Using predictive technical analysis, we can analyze different prices and returns patterns and diagnose historical swings to determine the real value of Staffing 360 Solutions. In general, sophisticated investors focus on analyzing Staffing 360 stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Staffing 360's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Staffing 360's intrinsic value. In addition to deriving basic predictive indicators for Staffing 360, many experienced traders also check how macroeconomic factors affect Staffing 360 price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Staffing 360's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Staffing 360. Your research has to be compared to or analyzed against Staffing 360's peers to derive any actionable benefits. When done correctly, Staffing 360's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Staffing 360 Solutions.

Watch out for price decline

Please consider monitoring Staffing 360 on a daily basis if you are holding a position in it. Staffing 360 is trading at a penny-stock level, and the possibility of delisting is much higher compared to other stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Staffing 360 stock to be traded above the $1 level to remain listed. If Staffing 360 stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.

How does Staffing Stands against Peers?

Analyzing Staffing 360 competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Staffing 360 across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be. Check out Staffing 360 Competition Details

Staffing 360 Gross Profit

Staffing 360 Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Staffing 360 previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Staffing 360 Gross Profit growth over the last 10 years. Please check Staffing 360's gross profit and other fundamental indicators for more details.

Closer look at Staffing 360 Semi Variance

Staffing 360 Solutions has current Semi Variance of 5.54. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.
Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
Semi Variance 
 = 
SUM(RET DEV)2 
N(ZERO) 
 = 
5.54
SUM = Summation notation
RET DEV = Actual return deviation over selected period
N(ZERO) = Number of points with returns less than zero
Let's now compare Staffing 360 Semi Variance to its closest peers:
STAF
ADP
PAYX
RANJY
RHI
STAF5.540741254626236
ADP1.62
PAYX1.46
RANJY1.56
RHI1.09

Our take on today Staffing 360 surge

Latest downside deviation is at 4.37. Staffing 360 Solutions is displaying above-average volatility over the selected time horizon. Investors should scrutinize Staffing 360 Solutions independently to ensure intended market timing strategies are aligned with expectations about Staffing 360 volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Staffing 360's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Staffing 360's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Although some other firms under the staffing & employment services industry are still a bit expensive, Staffing 360 may offer a potential longer-term growth to shareholders. To sum up, as of the 4th of July 2021, we see that Staffing 360 hyperactively responds to market trends. The firm is overvalued with low chance of distress within the next 24 months. However, our primary 90 days advice on the firm is Strong Buy.

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Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Staffing 360 Solutions. Please refer to our Terms of Use for any information regarding our disclosure principles.

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