Sdcl Energy Efficiency Income Trust Plc Stock Forecast
Weaker technical forecast for Sdcl Energy Efficiency Income Trust Plc as stock downgraded to Sell Candidate.
(Updated on Jun 19, 2024)
The Sdcl Energy Efficiency Income Trust Plc stock price gained 0.479% on the last trading day (Wednesday, 19th Jun 2024), rising from £62.60 to £62.90. During the last trading day the stock fluctuated 0% from a day low at £62.90 to a day high of £62.90. The price has fallen in 7 of the last 10 days and is down by -8.58% for this period. Volume fell on the last day by -2 million shares and in total, 0 shares were bought and sold for approximately £0 . 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 stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £62.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.82% during the next 3 months and, with a 90% probability hold a price between £72.00 and £82.51 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SEIT.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.80%. 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 Sdcl Energy Efficiency Income Trust 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 £63.61 and £64.63. 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 the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sdcl Energy Efficiency Income Trust Plc stock
Sdcl Energy Efficiency Income Trust Plc finds support from accumulated volume at £62.60 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 2.43%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SEIT.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Sdcl Energy Efficiency Income Trust Plc to open at £62.90, and during the day (based on 14 day Average True Range), to move between £60.31 and £65.49, which gives a possible trading interval of +/-£2.59 (+/-4.13%) up or down from last closing price. If Sdcl Energy Efficiency Income Trust Plc takes out the full calculated possible swing range there will be an estimated 8.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £62.60 (0.48%) than the resistance at £67.20 (6.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Sdcl Energy Efficiency Income Trust Plc will release earnings BMO on Wednesday, June 26, 2024. We will update the financials statements for Sdcl Energy Efficiency Income Trust Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.02% in the first trading day after earnings release.
Is Sdcl Energy Efficiency Income Trust Plc stock A Buy?
The Sdcl Energy Efficiency Income Trust Plc stock holds several negative signals and despite the positive trend, we believe Sdcl Energy Efficiency Income Trust Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.315 Sell Candidate Downgraded
Predicted Opening Price for Sdcl Energy Efficiency Income Trust Plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £62.90 ( 0%) | £62.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEIT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.90 | - |
| R2 | 62.90 | - |
| R1 | 62.90 | - |
| Price | 62.90 | |
| S1 | 62.90 | - |
| S2 | 62.90 | - |
| S3 | 62.90 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 68.80 | 9.38% |
| R2 | 67.90 | 7.95% |
| R1 | 67.20 | 6.84% |
| Price | 62.90 | |
| S1 | 62.60 | -0.477% |
| S2 | 59.00 | -6.20% |
| S3 | 57.70 | -8.27% |
SEIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 13, 2024 | £1.56 | 2.44% |
| 2 | Mar 07, 2024 | Mar 07, 2024 | Mar 28, 2024 | £1.56 | 2.64% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £0.0156 | 0.0257% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £1.56 | 2.08% |
| 5 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £1.50 | 1.80% |
FAQ
Click here for our free guide on how to buy Sdcl Energy Efficiency Income Trust Plc Stock.
