Solid State plc Stock Forecast
Solid State plc stock price down 0.0169% on Tuesday
(Updated on Jul 02, 2024)
The Solid State plc stock price fell by -0.0169% on the last day (Tuesday, 2nd Jul 2024) from £1,475.25 to £1,475.00. During the last trading day the stock fluctuated 1.80% from a day low at £1,455.00 to a day high of £1,481.25. The price has fallen in 5 of the last 10 days and is down by -0.47% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 thousand shares were bought and sold for approximately £12.19 million.
Given the current short-term trend, the stock is expected to rise 13.86% during the next 3 months and, with a 90% probability hold a price between £1,679.47 and £1,843.07 at the end of this 3-month period.
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SOLI.L Signals & Forecast
There are few to no technical positive signals at the moment. The Solid State 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 £1,487.75 and £1,498.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -3.59%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Solid State plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £1,375.00 and £1,340.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Solid State plc finds support just below today's level at £1,375.00. If this is broken, then the next support from accumulated volume will be at £1,340.00 and £1,335.00.
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 £26.25 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOLI.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Solid State plc to open at £1,470.42, and during the day (based on 14 day Average True Range), to move between £1,450.87 and £1,499.13, which gives a possible trading interval of +/-£24.13 (+/-1.64%) up or down from last closing price. If Solid State plc takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,490.00 (1.02%) than the support at £1,375.00 (6.78%), 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.
Earnings coming up
Solid State plc will release earnings BMO on Monday, July 08, 2024. We will update the financials statements for Solid State plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.32% in the first trading day after earnings release.
Is Solid State plc stock A Buy?
The Solid State plc stock holds several negative signals and despite the positive trend, we believe Solid State plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.309 Sell Candidate Unchanged
Predicted Opening Price for Solid State plc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
£1,470.42 ( 0.311%) | £1,475.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOLI.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,496.67 | 1.47% |
R2 | 1,486.64 | 0.789% |
R1 | 1,480.44 | 0.369% |
Price | 1,475.00 | |
S1 | 1,460.39 | -0.99% |
S2 | 1,454.19 | -1.41% |
S3 | 1,444.17 | -2.09% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,510.00 | 2.37% |
R2 | 1,505.00 | 2.03% |
R1 | 1,490.00 | 1.02% |
Price | 1,475.00 | |
S1 | 1,375.00 | -6.78% |
S2 | 1,340.00 | -9.15% |
S3 | 1,335.00 | -9.49% |
SOLI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Jan 25, 2024 | Feb 16, 2024 | £7.00 | 0.569% |
2 | Sep 07, 2023 | Sep 07, 2023 | Sep 29, 2023 | £13.50 | 1.14% |
3 | Dec 06, 2022 | Jan 26, 2023 | Feb 17, 2023 | £6.50 | 0.487% |
4 | Jul 27, 2022 | Sep 01, 2022 | Oct 05, 2022 | £13.25 | 1.32% |
5 | Dec 07, 2021 | Jan 27, 2022 | Feb 18, 2022 | £6.25 | 0.512% |
FAQ
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