Science in Sport Plc Stock Forecast

Science in Sport Plc stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 01, 2024)

SIS.L Signals & Forecast

The Science in Sport Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £15.72 and £15.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 4.30%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Science in Sport Plc stock

Science in Sport Plc finds support from accumulated volume at £15.50 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 £0.500 between high and low, or 3.23%. For the last week the stock has had daily average volatility of 2.57%.

Our recommended stop-loss: £14.91 (-5.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (SIS.L) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Science in Sport Plc to open at £15.75, and during the day (based on 14 day Average True Range), to move between £15.36 and £16.14, which gives a possible trading interval of +/-£0.395 (+/-2.50%) up or down from last closing price. If Science in Sport Plc takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £16.00 (1.59%) than the support at £15.50 (1.59%), 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 Science in Sport Plc stock A Buy?

Science in Sport 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.534 Hold/Accumulate Downgraded

Predicted Opening Price for Science in Sport Plc of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.