Superdry Plc Stock Forecast
Superdry Plc stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
No changes to the price of Superdry Plc stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £6.26 to a day high of £6.26. The price has fallen in 5 of the last 10 days but is still up by 60.93% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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SDRY.L Signals & Forecast
The Superdry Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £4.99 and £5.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. 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. 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 Superdry Plc stock
Superdry Plc finds support from accumulated volume at £6.15 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 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 69.73%
Our recommended stop-loss: £5.90 (-5.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (SDRY.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Superdry Plc to open at £6.26, and during the day (based on 14 day Average True Range), to move between £4.48 and £8.04, which gives a possible trading interval of +/-£1.78 (+/-28.39%) up or down from last closing price. If Superdry Plc takes out the full calculated possible swing range there will be an estimated 56.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £6.15 (1.76%) than the resistance at £6.50 (3.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Superdry Plc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.146 Buy Candidate Upgraded
Predicted Opening Price for Superdry Plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £6.26 ( 0.00000000%) | £6.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDRY.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.26 | 0.00000000% |
| R2 | 6.26 | 0.00000000% |
| R1 | 6.26 | 0.00000000% |
| Price | 6.26 | |
| S1 | 6.26 | 0.00000000% |
| S2 | 6.26 | 0.00000000% |
| S3 | 6.26 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.30 | 16.61% |
| R2 | 7.15 | 14.22% |
| R1 | 6.50 | 3.83% |
| Price | 6.26 | |
| S1 | 6.15 | -1.76% |
| S2 | 6.10 | -2.56% |
| S3 | 5.40 | -13.74% |
SDRY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2019 | Dec 19, 2019 | Jan 24, 2020 | £2.00 | 1.98% |
| 2 | Jul 10, 2019 | Jul 18, 2019 | Sep 20, 2019 | £2.20 | 2.11% |
| 3 | Dec 12, 2018 | Dec 20, 2018 | Jan 25, 2019 | £9.30 | 7.19% |
| 4 | Jul 05, 2018 | Oct 11, 2018 | Dec 14, 2018 | £25.00 | 24.59% |
| 5 | Jul 05, 2018 | Jul 12, 2018 | Sep 21, 2018 | £21.90 | 7.82% |
FAQ
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