Serco Group plc Stock Forecast
Serco Group plc stock price up 0.331% on Tuesday
(Updated on Apr 23, 2024)
The Serco Group plc stock price gained 0.331% on the last trading day (Tuesday, 23rd Apr 2024), rising from £181.40 to £182.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.39% from a day low at £179.90 to a day high of £182.40. The price has risen in 6 of the last 10 days but is still down by -0.87% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £360.60 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.34% during the next 3 months and, with a 90% probability hold a price between £188.11 and £202.31 at the end of this 3-month period.
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SRP.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Serco Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £185.25. On a fall, the stock will find some support from the short-term average at £181.30. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Serco Group plc stock
Serco Group plc finds support from accumulated volume at £179.80 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 £2.50 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRP.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Serco Group plc to open at £181.43, and during the day (based on 14 day Average True Range), to move between £178.06 and £185.94, which gives a possible trading interval of +/-£3.94 (+/-2.16%) up or down from last closing price. If Serco Group plc takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £183.60 (0.88%) than the support at £179.80 (1.21%), 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 Serco Group plc stock A Buy?
Serco Group plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.752 Sell Candidate Unchanged
Predicted Opening Price for Serco Group plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £181.43 ( 0.311%) | £182.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 183.93 | 1.06 % | |
| R2 | 182.98 | 0.538 % | ||
| R1 | 182.39 | 0.213 % | ||
| Current price: | 182.00 | |||
| Support | S1 | 180.48 | -0.84 % | |
| S2 | 179.89 | -1.16 % | ||
| S3 | 178.93 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 186.80 | 2.64 % | |
| R2 | 186.00 | 2.20 % | ||
| R1 | 183.60 | 0.88 % | ||
| Current price | 182.00 | |||
| Support | S1 | 179.80 | -1.21% | |
| S2 | 175.00 | -3.85% | ||
| S3 | 173.50 | -4.67% |
SRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 10, 2024 | £2.27 | 1.25% |
| 2 | Feb 28, 2023 | May 11, 2023 | Jun 09, 2023 | £1.92 | 1.34% |
| 3 | Aug 04, 2022 | Sep 08, 2022 | Oct 06, 2022 | £0.94 | 0.601% |
| 4 | Feb 24, 2022 | May 12, 2022 | Jun 07, 2022 | £1.61 | 0.89% |
| 5 | Aug 05, 2021 | Sep 16, 2021 | Oct 12, 2021 | £0.80 | 0.643% |
FAQ
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