The Sage Group plc Stock Forecast
The Sage Group plc stock downgraded to Buy Candidate
(Updated on Mar 27, 2024)
The The Sage Group plc stock price fell by -1.44% on the last day (Wednesday, 27th Mar 2024) from £1,282.00 to £1,263.50. During the last trading day the stock fluctuated 1.90% from a day low at £1,261.00 to a day high of £1,285.00. The price has risen in 6 of the last 10 days and is up by 2.64% over the past 2 weeks. Volume has increased on the last day by 567 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £2.65 billion.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.91% during the next 3 months and, with a 90% probability hold a price between £1,331.49 and £1,411.05 at the end of this 3-month period.
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SGE.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -1.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The The Sage Group 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 £1,255.57 and £1,219.21. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for The Sage Group plc stock
The Sage Group plc finds support from accumulated volume at £1,244.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £24.00 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: £1,219.93 (-3.45%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SGE.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect The Sage Group plc to open at £1,269.83, and during the day (based on 14 day Average True Range), to move between £1,243.05 and £1,283.95, which gives a possible trading interval of +/-£20.45 (+/-1.62%) up or down from last closing price. If The Sage Group plc takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,265.00 (0.12%) than the support at £1,244.50 (1.50%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is The Sage Group plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Sage Group plc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.547 Buy Candidate Downgraded
Predicted Opening Price for The Sage Group plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£1,269.83 ( 0.501%) | £1,263.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGE.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,293.83 | 2.40 % | |
R2 | 1,284.67 | 1.68 % | ||
R1 | 1,279.00 | 1.23 % | ||
Current price: | 1,263.50 | |||
Support | S1 | 1,260.67 | -0.224 % | |
S2 | 1,255.00 | -0.673 % | ||
S3 | 1,245.83 | -1.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,282.00 | 1.46 % | |
R2 | 1,268.50 | 0.396 % | ||
R1 | 1,265.00 | 0.119 % | ||
Current price | 1,263.50 | |||
Support | S1 | 1,244.50 | -1.50% | |
S2 | 1,184.50 | -6.25% | ||
S3 | 1,150.50 | -8.94% |
SGE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 11, 2024 | Jan 11, 2024 | Jan 11, 2024 | £0 | 0% |
2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £6.55 | 0.753% |
3 | Nov 16, 2022 | Jan 12, 2023 | Feb 10, 2023 | £12.10 | 1.61% |
4 | May 13, 2022 | May 26, 2022 | Jun 17, 2022 | £6.30 | 1.00% |
5 | Nov 17, 2021 | Jan 13, 2022 | Feb 10, 2022 | £11.63 | 1.68% |
FAQ
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