The Sage Group plc Stock Forecast
Red day on Friday for The Sage Group plc stock after losing 0.0182%
(Updated on Jun 21, 2024)
The The Sage Group plc stock price fell by -0.0182% on the last day (Friday, 21st Jun 2024) from $55.05 to $55.04. During the last trading day the stock fluctuated 1.14% from a day low at $54.53 to a day high of $55.15. The price has been going up and down for this period, and there has been a 1.08% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately $140.19 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $56.44 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.40% during the next 3 months and, with a 90% probability hold a price between $40.39 and $46.62 at the end of this 3-month period. 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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SGPYY Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 6.69%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Sage Group 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 $55.90. On a fall, the stock will find some support from the short-term average at $54.60. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for The Sage Group plc stock
The Sage Group plc finds support from accumulated volume at $54.04 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 controlled movements and therefore the general risk is considered 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 $0.620 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: $52.37 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (SGPYY) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect The Sage Group plc to open at $54.91, and during the day (based on 14 day Average True Range), to move between $54.03 and $56.05, which gives a possible trading interval of +/-$1.01 (+/-1.83%) 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 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $55.59 (1.00%) than the support at $54.04 (1.82%), 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?
The Sage Group 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: 0.856 Hold/Accumulate Unchanged
Predicted Opening Price for The Sage Group plc of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $54.91 ( 0.242%) | $55.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGPYY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.53 | 0.88% |
| R2 | 55.29 | 0.454% |
| R1 | 55.14 | 0.188% |
| Price | 55.04 | |
| S1 | 54.67 | -0.673% |
| S2 | 54.52 | -0.94% |
| S3 | 54.29 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.87 | 6.95% |
| R2 | 56.92 | 3.42% |
| R1 | 55.59 | 1.00% |
| Price | 55.04 | |
| S1 | 54.04 | -1.82% |
| S2 | 53.84 | -2.18% |
| S3 | 51.59 | -6.27% |
SGPYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 31, 2024 | Jul 12, 2024 | $0.300 | 0.542% |
| 2 | Jan 11, 2024 | Jan 11, 2024 | Feb 23, 2024 | $0.598 | 0.95% |
| 3 | May 31, 2023 | Jun 01, 2023 | Jul 07, 2023 | $0.327 | 0.710% |
| 4 | Dec 31, 2022 | Jan 12, 2023 | Feb 27, 2023 | $0.575 | 1.57% |
| 5 | May 21, 2022 | May 26, 2022 | Jul 01, 2022 | $0.309 | 1.00% |
FAQ
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