SEPLAT Petroleum Development Company Plc Stock Forecast
Green day on Wednesday for SEPLAT Petroleum Development Company Plc stock after gaining 0.787%
(Updated on Apr 24, 2024)
The SEPLAT Petroleum Development Company Plc stock price gained 0.787% on the last trading day (Wednesday, 24th Apr 2024), rising from £158.75 to £160.00. 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 3.50% from a day low at £157.00 to a day high of £162.50. The price has risen in 6 of the last 10 days and is up by 8.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 50 thousand more shares were traded than the day before. In total, 188 thousand shares were bought and sold for approximately £30.12 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £159.66, a level that may pose a second chance to hit a runner. According to fan-theory £178.34 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SEPL.L Signals & Forecast
The SEPLAT Petroleum Development Company 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 £150.75 and £146.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 14.12%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SEPLAT Petroleum Development Company Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £149.00 and £145.00. 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, SEPLAT Petroleum Development Company Plc finds support just below today's level at £149.00. If this is broken, then the next support from accumulated volume will be at £145.00 and £139.60.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £5.50 (3.50%) between high and low. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: £152.40 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (SEPL.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SEPLAT Petroleum Development Company Plc to open at £159.83, and during the day (based on 14 day Average True Range), to move between £155.39 and £164.61, which gives a possible trading interval of +/-£4.61 (+/-2.88%) up or down from last closing price. If SEPLAT Petroleum Development Company Plc takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £149.00, some £11.00 (6.88%) from the current price of £160.00, our system finds the risk reward attractive.
Earnings coming up
SEPLAT Petroleum Development Company Plc will release earnings BMO on Thursday, April 25, 2024. We will update the financials statements for SEPLAT Petroleum Development Company Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.46% in the first trading day after earnings release.
Is SEPLAT Petroleum Development Company Plc stock A Buy?
SEPLAT Petroleum Development Company 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for SEPLAT Petroleum Development Company Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £159.83 ( 0.104%) | £160.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEPL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 165.33 | 3.33 % | |
| R2 | 163.23 | 2.02 % | ||
| R1 | 161.93 | 1.21 % | ||
| Current price: | 160.00 | |||
| Support | S1 | 157.73 | -1.42 % | |
| S2 | 156.43 | -2.23 % | ||
| S3 | 154.33 | -3.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 160.00 | |||
| Support | S1 | 149.00 | -6.88% | |
| S2 | 145.00 | -9.38% | ||
| S3 | 139.60 | -12.75% |
SEPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 29, 2024 | £4.75 | 2.97% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | £3.00 | 2.50% |
| 3 | May 17, 2023 | May 17, 2023 | May 17, 2023 | £3.00 | 3.14% |
| 4 | Apr 19, 2023 | Apr 19, 2023 | Apr 19, 2023 | £5.00 | 5.14% |
| 5 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | £4.03 | 4.14% |
FAQ
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