Superdry Plc Stock Forecast

Superdry Plc stock downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)

SEPGY Signals & Forecast

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 Superdry Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.181. On a fall, the stock will find some support from the short-term average at $0.0951. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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

On the downside, the stock finds support just below today's level from accumulated volume at $0.0932 and $0.0890. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Superdry Plc finds support just below today's level at $0.0932. If this is broken, then the next support from accumulated volume will be at $0.0890 and $0.0820.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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 0%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SEPGY) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Superdry Plc to open at $0.100, and during the day (based on 14 day Average True Range), to move between $0.0933 and $0.107, which gives a possible trading interval of +/-$0.0067 (+/-6.70%) up or down from last closing price. If Superdry Plc takes out the full calculated possible swing range there will be an estimated 13.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0932 (6.80%) than the resistance at $0.118 (18.00%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Strong Sell candidate.

Current score: -6.625 Strong Sell Candidate Downgraded

Predicted Opening Price for Superdry Plc of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.