Microlise Group Plc Stock Forecast
Microlise Group Plc stock price down 1.46% on Wednesday
(Updated on Jul 03, 2024)
The Microlise Group Plc stock price fell by -1.46% on the last day (Wednesday, 3rd Jul 2024) from £137.00 to £135.00. During the last trading day the stock fluctuated 5.19% from a day low at £135.00 to a day high of £142.00. The price has fallen in 5 of the last 10 days and is down by -1.82% for this period. Volume has increased on the last day by 32 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, 43 thousand shares were bought and sold for approximately £5.83 million.
The stock lies the upper part of a wide and falling 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 £135.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.01% during the next 3 months and, with a 90% probability hold a price between £95.06 and £105.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SAAS.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 3.11%. Further rise is indicated until a new top pivot has been found. 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. The Microlise 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 £136.99 and £140.41. A break-up above any of these levels will issue buy signals. 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 Microlise Group Plc stock
Microlise Group Plc finds support from accumulated volume at £131.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £7.00 (5.19%) between high and low. For the last week, the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAAS.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Microlise Group Plc to open at £137.33, and during the day (based on 14 day Average True Range), to move between £130.75 and £139.25, which gives a possible trading interval of +/-£4.25 (+/-3.15%) up or down from last closing price. If Microlise Group Plc takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £136.00 (0.74%) than the support at £131.50 (2.59%), 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 Microlise Group Plc stock A Buy?
Microlise 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: -2.598 Sell Candidate Unchanged
Predicted Opening Price for Microlise Group Plc of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £137.33 ( 1.73%) | £135.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAAS.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 144.33 | 6.91% |
| R2 | 141.66 | 4.93% |
| R1 | 140.01 | 3.71% |
| Price | 135.00 | |
| S1 | 134.66 | -0.252% |
| S2 | 133.01 | -1.48% |
| S3 | 130.33 | -3.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 166.50 | 23.33% |
| R2 | 137.50 | 1.85% |
| R1 | 136.00 | 0.741% |
| Price | 135.00 | |
| S1 | 131.50 | -2.59% |
| S2 | 131.00 | -2.96% |
| S3 | 130.93 | -3.01% |
SAAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 28, 2024 | £1.73 | 1.25% |
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