Segro Plc Stock Forecast
Segro Plc stock price ended at £849.00 on Wednesday, after losing 2.30%.
(Updated on Apr 24, 2024)
The Segro Plc stock price fell by -2.30% on the last day (Wednesday, 24th Apr 2024) from £869.00 to £849.00. During the last trading day the stock fluctuated 3.06% from a day low at £845.40 to a day high of £871.28. The price has been going up and down for this period, and there has been a -1.44% loss 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 -9 million shares and in total, 2 million shares were bought and sold for approximately £1.71 billion.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Segro Plc stock with a 90% probability to be traded between £840.29 and £919.83 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SGRO.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Segro 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 £870.22. On a fall, the stock will find some support from the short-term average at £848.23. 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. 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 £848.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £25.88 (3.06%) between high and low. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: £802.44 (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SGRO.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Segro Plc to open at £855.23, and during the day (based on 14 day Average True Range), to move between £829.72 and £868.28, which gives a possible trading interval of +/-£19.28 (+/-2.27%) up or down from last closing price. If Segro Plc takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £849.20 (0.02%) than the support at £848.20 (0.09%), 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 Segro Plc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Segro Plc stock to perform well in the short-term period.
Current score: 1.022 Buy Candidate Unchanged
Predicted Opening Price for Segro Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £855.23 ( 0.733%) | £849.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 881.11 | 3.78 % | |
| R2 | 871.22 | 2.62 % | ||
| R1 | 865.11 | 1.90 % | ||
| Current price: | 849.00 | |||
| Support | S1 | 845.34 | -0.431 % | |
| S2 | 839.23 | -1.15 % | ||
| S3 | 829.35 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 869.00 | 2.36 % | |
| R2 | 862.80 | 1.63 % | ||
| R1 | 849.20 | 0.0236 % | ||
| Current price | 849.00 | |||
| Support | S1 | 848.20 | -0.0942% | |
| S2 | 845.40 | -0.424% | ||
| S3 | 845.00 | -0.471% |
SGRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | May 03, 2024 | £19.10 | 2.25% |
| 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
Click here for our free guide on how to buy Segro Plc Stock.
