Sopra Steria Group Stock Forecast
Sopra Steria Group stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Sopra Steria Group stock price gained 0.727% on the last trading day (Thursday, 18th Apr 2024), rising from 220.20€ to 221.80€. During the last trading day the stock fluctuated 1.93% from a day low at 217.60€ to a day high of 221.80€. The price has fallen in 7 of the last 10 days and is down by -4.15% for this period. Volume fell on the last day by -2 thousand shares and in total, 24 thousand shares were bought and sold for approximately 5.29€ 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.80% during the next 3 months and, with a 90% probability hold a price between 235.32€ and 274.42€ at the end of this 3-month period.
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SOP.PA Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sopra Steria Group 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 223.97€ and 229.37€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -6.96%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sopra Steria Group stock
Sopra Steria Group finds support from accumulated volume at 217.80€ 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 4.20€ (1.93%) between high and low. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOP.PA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Sopra Steria Group to open at 220.40€, and during the day (based on 14 day Average True Range), to move between 216.70€ and 226.90€, which gives a possible trading interval of +/-5.10€ (+/-2.30%) up or down from last closing price. If Sopra Steria Group takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 217.80€ (1.80%) than the resistance at 230.00€ (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sopra Steria Group stock A Buy?
The Sopra Steria Group stock holds several negative signals and despite the positive trend, we believe Sopra Steria Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.732 Sell Candidate Downgraded
Predicted Opening Price for Sopra Steria Group of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| 220.40€ ( 0.631%) | 221.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOP.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 224.60 | 1.26 % | |
| R2 | 223.00 | 0.539 % | ||
| R1 | 222.00 | 0.0922 % | ||
| Current price: | 221.80 | |||
| Support | S1 | 218.80 | -1.35 % | |
| S2 | 217.80 | -1.80 % | ||
| S3 | 216.20 | -2.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 236.00 | 6.40 % | |
| R2 | 232.20 | 4.69 % | ||
| R1 | 230.00 | 3.70 % | ||
| Current price | 221.80 | |||
| Support | S1 | 217.80 | -1.80% | |
| S2 | 215.60 | -2.80% | ||
| S3 | 214.00 | -3.52% |
SOP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 30, 2024 | 4.65€ | 2.10% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | 4.30€ | 2.49% |
| 3 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | 3.20€ | 1.94% |
| 4 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | 2.00€ | 1.33% |
| 5 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | 2.40€ | 2.12% |
FAQ
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