Andrews Sykes Group Plc Stock Forecast
Red day on Monday for Andrews Sykes Group Plc stock after losing 0%
(Updated on Jun 17, 2024)
No changes to the price of Andrews Sykes Group Plc stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £545.00 to a day high of £545.00. The price has fallen in 7 of the last 10 days and is down by -2.69% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £544.90 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Andrews Sykes Group Plc stock with a 90% probability to be traded between £539.87 and £615.22 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ASY.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Andrews Sykes Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £556.64 and £586.61. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Andrews Sykes Group Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.50%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASY.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Andrews Sykes Group Plc to open at £545.00, and during the day (based on 14 day Average True Range), to move between £524.83 and £565.17, which gives a possible trading interval of +/-£20.17 (+/-3.70%) up or down from last closing price. If Andrews Sykes Group Plc takes out the full calculated possible swing range there will be an estimated 7.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £567.50, some £22.50 (4.13%) from the current price of £545.00, our system finds the risk reward not very attractive.
Is Andrews Sykes Group Plc stock A Buy?
Andrews Sykes Group Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.303 Sell Candidate Unchanged
Predicted Opening Price for Andrews Sykes Group Plc of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
£545.00 ( 0%) | £545.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASY.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 545.00 | - |
R2 | 545.00 | - |
R1 | 545.00 | - |
Price | 545.00 | |
S1 | 545.00 | - |
S2 | 545.00 | - |
S3 | 545.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 587.50 | 7.80% |
R2 | 575.00 | 5.50% |
R1 | 567.50 | 4.13% |
Price | 545.00 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
ASY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2024 | May 23, 2024 | Jun 21, 2024 | £14.00 | 2.55% |
2 | Oct 05, 2023 | Oct 05, 2023 | Nov 03, 2023 | £59.40 | 9.66% |
3 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £14.00 | 2.60% |
4 | Sep 28, 2022 | Oct 06, 2022 | Nov 04, 2022 | £16.60 | 3.53% |
5 | May 04, 2022 | May 26, 2022 | Jun 17, 2022 | £12.50 | 2.44% |
FAQ
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