The Sage Group plc Stock Forecast
The Sage Group plc stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)
The The Sage Group plc stock price gained 0.94% on the last trading day (Friday, 14th Jun 2024), rising from $54.04 to $54.55. 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 1.69% from a day low at $53.80 to a day high of $54.71. The price has risen in 7 of the last 10 days and is up by 5.74% over the past 2 weeks. Volume fell on the last day by -125 thousand shares and in total, 20 thousand shares were bought and sold for approximately $1.11 million. 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.92% during the next 3 months and, with a 90% probability hold a price between $40.72 and $46.85 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 5.74%. 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 $56.36. On a fall, the stock will find some support from the short-term average at $53.70. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.91 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: $51.65 (-5.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (SGPYY) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect The Sage Group plc to open at $54.35, and during the day (based on 14 day Average True Range), to move between $53.40 and $55.70, which gives a possible trading interval of +/-$1.15 (+/-2.10%) 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 4.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.04 (0.93%) than the resistance at $55.59 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Sage Group plc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.517 Buy Candidate Upgraded
Predicted Opening Price for The Sage Group plc of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $54.35 ( 0.361%) | $54.55 |
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 | 55.26 | 1.31% |
| R2 | 54.92 | 0.670% |
| R1 | 54.70 | 0.277% |
| Price | 54.55 | |
| S1 | 54.01 | -1.00% |
| S2 | 53.79 | -1.39% |
| S3 | 53.44 | -2.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.87 | 7.91% |
| R2 | 56.92 | 4.34% |
| R1 | 55.59 | 1.91% |
| Price | 54.55 | |
| S1 | 54.04 | -0.93% |
| S2 | 53.84 | -1.30% |
| S3 | 51.59 | -5.43% |
SGPYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 31, 2024 | Jul 12, 2024 | $0.300 | 0.551% |
| 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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