Segro Plc Stock Forecast
Segro Plc stock price up 0.784% on Friday
(Updated on May 03, 2024)
The Segro Plc stock price gained 0.784% on the last trading day (Friday, 3rd May 2024), rising from £867.80 to £874.60. 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 3.94% from a day low at £862.40 to a day high of £896.40. The price has risen in 7 of the last 10 days and is up by 3.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately £5.26 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 £841.72 and £921.26 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.
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SGRO.L Signals & Forecast
Mostly positive signals in the chart today. The Segro Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £856.46 and £865.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.68%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Segro Plc stock
Segro Plc finds support from accumulated volume at £869.00 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 £34.00 between high and low, or 3.94%. For the last week the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: £831.12 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (SGRO.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Segro Plc to open at £877.80, and during the day (based on 14 day Average True Range), to move between £854.96 and £894.24, which gives a possible trading interval of +/-£19.64 (+/-2.25%) up or down from last closing price. If Segro Plc takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £869.00 (0.64%) than the resistance at £889.20 (1.67%), 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?
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: 3.317 Buy Candidate Unchanged
Predicted Opening Price for Segro Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £877.80 ( 0.366%) | £874.60 |
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 | 911.80 | 4.25 % | |
| R2 | 898.81 | 2.77 % | ||
| R1 | 890.79 | 1.85 % | ||
| Current price: | 874.60 | |||
| Support | S1 | 864.81 | -1.12 % | |
| S2 | 856.79 | -2.04 % | ||
| S3 | 843.80 | -3.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 892.00 | 1.99 % | |
| R2 | 891.80 | 1.97 % | ||
| R1 | 889.20 | 1.67 % | ||
| Current price | 874.60 | |||
| Support | S1 | 869.00 | -0.640% | |
| S2 | 862.80 | -1.35% | ||
| S3 | 845.40 | -3.34% |
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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