Sabre Insurance Group Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Sabre Insurance Group Plc stock after losing 0%
(Updated on Apr 26, 2024)
No changes to the price of Sabre Insurance Group Plc stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 4.56% from a day low at £162.40 to a day high of £169.80. The price has fallen in 6 of the last 10 days and is down by -5.58% for this period.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £162.80. A reaction back to this level may hold a second chance to get out before further falls.
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SBRE.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 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 Sabre Insurance 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 £168.46 and £170.55. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Sabre Insurance Group Plc stock
Sabre Insurance Group Plc finds support from accumulated volume at £154.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £7.40 between high and low, or 4.56%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: £151.84 (-6.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (SBRE.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Sabre Insurance Group Plc to open at £164.87, and during the day (based on 14 day Average True Range), to move between £157.35 and £167.45, which gives a possible trading interval of +/-£5.05 (+/-3.11%) up or down from last closing price. If Sabre Insurance Group Plc takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £168.00 (3.45%) than the support at £154.60 (4.80%), 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 Sabre Insurance Group Plc stock A Buy?
Sabre Insurance Group Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.192 Hold/Accumulate Unchanged
Predicted Opening Price for Sabre Insurance Group Plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £164.87 ( 1.52%) | £162.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBRE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 172.27 | 6.08 % | |
| R2 | 169.44 | 4.33 % | ||
| R1 | 167.69 | 3.26 % | ||
| Current price: | 162.40 | |||
| Support | S1 | 162.04 | -0.222 % | |
| S2 | 160.29 | -1.30 % | ||
| S3 | 157.47 | -3.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 179.40 | 10.47 % | |
| R2 | 178.80 | 10.10 % | ||
| R1 | 168.00 | 3.45 % | ||
| Current price | 162.40 | |||
| Support | S1 | 154.60 | -4.80% | |
| S2 | 154.20 | -5.05% | ||
| S3 | 153.00 | -5.79% |
SBRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £1.70 | 1.38% |
| 2 | Jul 26, 2022 | Aug 18, 2022 | Sep 22, 2022 | £2.80 | 2.73% |
| 3 | Mar 22, 2022 | Apr 28, 2022 | Jun 01, 2022 | £4.60 | 2.20% |
| 4 | Jul 27, 2021 | Aug 19, 2021 | Sep 16, 2021 | £3.70 | 1.69% |
| 5 | Mar 16, 2021 | Apr 22, 2021 | May 20, 2021 | £4.90 | 1.87% |
FAQ
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