Springfield Properties PLC Stock Forecast
Springfield Properties PLC stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
No changes to the price of Springfield Properties PLC stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 1.28% from a day low at £93.80 to a day high of £95.00. The price has been going up and down for this period, and there has been a 0.53% gain for the last 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £93.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.95% during the next 3 months and, with a 90% probability hold a price between £117.07 and £138.99 at the end of this 3-month period.
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SPR.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Springfield Properties PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £94.86 and £94.33. 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 22, 2024, and so far it has fallen -8.74%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Springfield Properties PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at £82.00 and £79.00. 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, Springfield Properties PLC finds support just below today's level at £82.00. If this is broken, then the next support from accumulated volume will be at £79.00 and £78.00.
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 £1.20 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 3.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPR.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Springfield Properties PLC to open at £94.27, and during the day (based on 14 day Average True Range), to move between £90.66 and £97.34, which gives a possible trading interval of +/-£3.34 (+/-3.55%) up or down from last closing price. If Springfield Properties PLC takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £95.00 (1.06%) than the support at £82.00 (12.77%), 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 Springfield Properties PLC stock A Buy?
The Springfield Properties PLC stock holds several negative signals and despite the positive trend, we believe Springfield Properties PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.759 Sell Candidate Upgraded
Predicted Opening Price for Springfield Properties PLC of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £94.27 ( 0.284%) | £94.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.47 | 1.56 % | |
| R2 | 95.01 | 1.07 % | ||
| R1 | 94.73 | 0.771 % | ||
| Current price: | 94.00 | |||
| Support | S1 | 93.81 | -0.204 % | |
| S2 | 93.53 | -0.505 % | ||
| S3 | 93.07 | -0.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.50 | 4.79 % | |
| R2 | 97.50 | 3.72 % | ||
| R1 | 95.00 | 1.06 % | ||
| Current price | 94.00 | |||
| Support | S1 | 82.00 | -12.77% | |
| S2 | 79.00 | -15.96% | ||
| S3 | 78.00 | -17.02% |
SPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2022 | Nov 03, 2022 | Dec 16, 2022 | £4.70 | 6.06% |
| 2 | Feb 22, 2022 | Mar 10, 2022 | Mar 31, 2022 | £1.50 | 1.03% |
| 3 | Sep 14, 2021 | Nov 04, 2021 | Dec 09, 2021 | £4.45 | 2.98% |
| 4 | Feb 23, 2021 | Mar 04, 2021 | Mar 25, 2021 | £1.30 | 0.87% |
| 5 | Sep 29, 2020 | Nov 12, 2020 | Dec 10, 2020 | £2.00 | 1.72% |
FAQ
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