RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SDP.L
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Evaluation of PROSHARES ULTRASHORT UTILITIES PROSHARES stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 22, 2024 Loss -0.40% PDF

The PROSHARES ULTRASHORT UTILITIES PROSHARES stock price fell by -0.506% on the last day (Wednesday, 27th Mar 2024) from £494.50 to £492.00. During the last trading day the stock fluctuated 0.92% from a day low at £489.50 to a day high of £494.00. The price has fallen in 6 of the last 10 days and is down by -0.1% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 252 thousand shares were bought and sold for approximately £123.78 million.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £494.79 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.81% during the next 3 months and, with a 90% probability hold a price between £488.37 and £513.66 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SDP.L Signals & Forecast

The PROSHARES ULTRASHORT UTILITIES PROSHARES stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £490.64 and £484.71. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.506%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for PROSHARES ULTRASHORT UTILITIES PROSHARES stock

PROSHARES ULTRASHORT UTILITIES PROSHARES finds support from accumulated volume at £489.50 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 £4.50 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.13%.

Our recommended stop-loss: £477.48 (-2.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SDP.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES to open at £491.83, and during the day (based on 14 day Average True Range), to move between £486.61 and £497.39, which gives a possible trading interval of +/-£5.39 (+/-1.10%) up or down from last closing price. If PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £492.50 (0.10%) than the support at £489.50 (0.51%), 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 PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES stock A Buy?

PROSHARES ULTRASHORT UTILITIES PROSHARES holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.429 Hold/Accumulate Downgraded

Predicted Opening Price for PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£491.83 ( 0.0339%) £492.00

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

Trading levels for SDP.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 496.33 0.88 %
R2 494.61 0.531 %
R1 493.55 0.316 %
Current price: 492.00
Support S1 490.11 -0.383 %
S2 489.05 -0.599 %
S3 487.33 -0.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 494.50 0.508 %
R2 494.00 0.407 %
R1 492.50 0.102 %
Current price 492.00
Support S1 489.50 -0.508%
S2 485.00 -1.42%
S3 484.50 -1.52%

SDP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 07, 2022 Dec 29, 2022 Feb 10, 2023 £12.00 2.20%
2 Dec 09, 2021 Dec 30, 2021 Feb 07, 2022 £9.70 1.71%
3 Dec 14, 2020 Dec 24, 2020 Feb 08, 2021 £8.00 1.20%
4 Dec 16, 2019 Jan 02, 2020 Feb 05, 2020 £9.70 2.10%
5 Dec 11, 2018 Dec 27, 2018 Jan 31, 2019 £9.50 2.25%

FAQ

What is the symbol for PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES Stock and on which exchange is it traded?
The symbol for PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES is SDP.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES Stock?
PROSHARES ULTRASHORT UTILITIES PROSHARES holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES Stock?
PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES Stock.

What's the current price of PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES Stock?
As of the end of day on the 2024-03-27, the price of an PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES (SDP.L) share was £492.00.

What is the 52-week high and low for PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES Stock?
The 52-week high for PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES Stock is £518.36 and the 52-week low is £456.00.
Click to get the best stock tips daily for free!

About PROSHARES ULTRASHORT UTILITIES PROSHARES ULTRASHORT UTILITIES

Schroder Investment Trust - Schroder AsiaPacific Fund plc is a close-ended equity mutual fund launched and managed by Schroder Investment Management Limited. The fund is co-managed by Schroder Unit Trusts Limited. It invests in the public equity markets across Asia (excluding the Middle East and Japan), together with the Far Eastern countries bordering the Pacific Ocean. The fund invests in stocks of companies operating across diversified sectors... SDP.L Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT