RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SMRT.L
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Smartspace Software Plc stock price up 1.15% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 14, 2024 Gain 1.73% PDF

The Smartspace Software Plc stock price gained 1.15% on the last trading day (Wednesday, 27th Mar 2024), rising from £87.00 to £88.00. During the last trading day the stock fluctuated 4.71% from a day low at £85.00 to a day high of £89.00. The price has risen in 4 of the last 10 days and is up by 17.33% over the past 2 weeks. Volume fell on the last day by -40 thousand shares and in total, 67 thousand shares were bought and sold for approximately £5.90 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £91.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.39% during the next 3 months and, with a 90% probability hold a price between £70.75 and £105.03 at the end of this 3-month period.

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SMRT.L Signals & Forecast

Mostly positive signals in the chart today. The Smartspace Software 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 £87.29 and £77.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 49.15%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Smartspace Software Plc stock

Smartspace Software Plc finds support from accumulated volume at £87.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £4.00 between high and low, or 4.71%. For the last week, the stock has had daily average volatility of 3.48%.

The Smartspace Software Plc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: £85.47 (-2.88%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (SMRT.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Smartspace Software Plc to open at £87.33, and during the day (based on 14 day Average True Range), to move between £82.25 and £93.75, which gives a possible trading interval of +/-£5.75 (+/-6.53%) up or down from last closing price. If Smartspace Software Plc takes out the full calculated possible swing range there will be an estimated 13.06% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £87.50, some £0.500 (0.57%) from the current price of £88.00, our system finds the risk reward attractive.

Is Smartspace Software Plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Smartspace Software Plc stock to perform well in the short-term.

Current score: 4.793 Buy Candidate Unchanged

Predicted Opening Price for Smartspace Software Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£87.33 ( 0.758%) £88.00

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

Trading levels for SMRT.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 91.33 3.79 %
R2 89.81 2.05 %
R1 88.86 0.98 %
Current price: 88.00
Support S1 85.81 -2.49 %
S2 84.86 -3.57 %
S3 83.33 -5.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 88.00
Support S1 87.50 -0.568%
S2 87.00 -1.14%
S3 86.50 -1.70%

FAQ

What is the symbol for Smartspace Software Plc Stock and on which exchange is it traded?
The symbol for Smartspace Software Plc is SMRT.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Smartspace Software Plc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Smartspace Software Plc stock to perform well in the short-term.

How to buy Smartspace Software Plc Stock?
Smartspace Software Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Smartspace Software Plc Stock.

What's the current price of Smartspace Software Plc Stock?
As of the end of day on the 2024-03-27, the price of an Smartspace Software Plc (SMRT.L) share was £88.00.

What is the 52-week high and low for Smartspace Software Plc Stock?
The 52-week high for Smartspace Software Plc Stock is £90.00 and the 52-week low is £33.25.

What is the market capitalization of Smartspace Software Plc Stock?
As of the 2024-03-27, the market capitalization of Smartspace Software Plc is 25.468M.

When is the next earnings date for Smartspace Software Plc?
The upcoming earnings date for Smartspace Software Plc is May 14, 2024.
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About Smartspace Software Plc

Smartspace Software Plc Smartspace Software plc, together with its subsidiaries, develops and sells Software as a Service (Saas) workspace solutions in the United Kingdom, Australia, and New Zealand. The company operates through three segments: SwipeOn, Space Connect, and Anders & Kern. It offers workplace solutions, such as desk and visitor management products, meeting room booking, workplace sensors, and digital signage for small and medium sized enterprises. The comp... SMRT.L Profile

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