Superdry 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
Superdry Plc stock price ended at £6.15 on Wednesday, after gaining 1.49%.
(Updated on Jun 26, 2024)
The Superdry Plc stock price gained 1.49% on the last trading day (Wednesday, 26th Jun 2024), rising from £6.06 to £6.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.28% from a day low at £6.09 to a day high of £6.29. The price has risen in 6 of the last 10 days and is up by 120.83% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 706 thousand shares were bought and sold for approximately £4.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £6.00, a level that may pose a second chance to hit a runner. According to fan-theory £15.13 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. 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. 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 £6.03 and £5.14. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, June 17, 2024, and so far it has fallen -13.99%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Monday, June 17, 2024 and based on theory for this formation the price should fall by -40.28% to £3.67 within 16 trading days since signal was issued (Tuesday, July 09, 2024).
Support, Risk & Stop-loss for Superdry Plc stock
Superdry Plc finds support from accumulated volume at £6.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.200 between high and low, or 3.28%. For the last week, the stock has had daily average volatility of 16.74%.
Our recommended stop-loss: £5.83 (-5.24%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (SDRY.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Superdry Plc to open at £6.18, and during the day (based on 14 day Average True Range), to move between £4.56 and £7.74, which gives a possible trading interval of +/-£1.59 (+/-25.87%) up or down from last closing price. If Superdry Plc takes out the full calculated possible swing range there will be an estimated 51.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £6.10 (0.81%) than the resistance at £6.26 (1.79%), 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?
Superdry Plc 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.
Current score: 0.946 Hold/Accumulate Unchanged
Predicted Opening Price for Superdry Plc of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £6.18 ( 0.434%) | £6.15 |
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 | 6.38 | 3.69% |
| R2 | 6.30 | 2.44% |
| R1 | 6.25 | 1.68% |
| Price | 6.15 | |
| S1 | 6.10 | -0.81% |
| S2 | 6.05 | -1.58% |
| S3 | 5.98 | -2.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.15 | 16.26% |
| R2 | 6.50 | 5.69% |
| R1 | 6.26 | 1.79% |
| Price | 6.15 | |
| S1 | 6.10 | -0.81% |
| S2 | 5.50 | -10.57% |
| S3 | 5.40 | -12.20% |
SDRY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2019 | Dec 19, 2019 | Jan 24, 2020 | £2.00 | 0.498% |
| 2 | Jul 10, 2019 | Jul 18, 2019 | Sep 20, 2019 | £2.20 | 0.530% |
| 3 | Dec 12, 2018 | Dec 20, 2018 | Jan 25, 2019 | £9.30 | 1.81% |
| 4 | Jul 05, 2018 | Oct 11, 2018 | Dec 14, 2018 | £25.00 | 6.17% |
| 5 | Jul 05, 2018 | Jul 12, 2018 | Sep 21, 2018 | £21.90 | 1.96% |
FAQ
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