Segro Plc Stock Forecast
Weaker technical forecast for Segro Plc as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The Segro Plc stock price fell by -0.112% on the last day (Tuesday, 2nd Jul 2024) from £891.00 to £890.00. During the last trading day the stock fluctuated 1.20% from a day low at £885.40 to a day high of £896.00. The price has fallen in 5 of the last 10 days and is down by -1.66% for this period. 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 -483 thousand shares and in total, 2 million shares were bought and sold for approximately £1.57 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £877.93 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.64% during the next 3 months and, with a 90% probability hold a price between £936.21 and £1,034.61 at the end of this 3-month period.
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SGRO.L Signals & Forecast
There are few to no technical positive signals at the moment. The Segro Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £894.17 and £906.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -5.32%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Segro Plc stock
Segro Plc finds support from accumulated volume at £888.80 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 £10.60 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SGRO.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Segro Plc to open at £890.47, and during the day (based on 14 day Average True Range), to move between £872.68 and £907.32, which gives a possible trading interval of +/-£17.32 (+/-1.95%) up or down from last closing price. If Segro Plc takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £888.80 (0.13%) than the resistance at £911.20 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Segro Plc stock A Buy?
The Segro Plc stock holds several negative signals and despite the positive trend, we believe Segro Plc will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell candidate.
Current score: -1.779 Sell Candidate Downgraded
Predicted Opening Price for Segro Plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £890.47 ( 0.0524%) | £890.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGRO.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 901.07 | 1.24% |
| R2 | 897.02 | 0.788% |
| R1 | 894.52 | 0.507% |
| Price | 890.00 | |
| S1 | 886.42 | -0.403% |
| S2 | 883.92 | -0.684% |
| S3 | 879.87 | -1.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 940.00 | 5.62% |
| R2 | 930.40 | 4.54% |
| R1 | 911.20 | 2.38% |
| Price | 890.00 | |
| S1 | 888.80 | -0.135% |
| S2 | 885.60 | -0.494% |
| S3 | 869.00 | -2.36% |
SGRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | May 03, 2024 | £19.10 | 2.18% |
| 2 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £8.70 | 1.16% |
| 3 | Feb 17, 2023 | Mar 16, 2023 | May 04, 2023 | £18.20 | 2.23% |
| 4 | Jul 28, 2022 | Aug 11, 2022 | Sep 23, 2022 | £8.10 | 1.05% |
| 5 | Feb 18, 2022 | Mar 17, 2022 | May 04, 2022 | £16.90 | 1.45% |
FAQ
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