Spectra Systems Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Spectra Systems Corporation stock after losing 0%
(Updated on May 03, 2024)
No changes to the price of Spectra Systems Corporation stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 2.02% from a day low at £217.30 to a day high of £221.70. The price has been going up and down for this period, and there has been a -0.9% loss for the last 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.10% during the next 3 months and, with a 90% probability hold a price between £203.12 and £222.27 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SPSY.L Signals & Forecast
The Spectra Systems Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £220.65 and £220.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.38%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Spectra Systems Corporation stock
Spectra Systems Corporation finds support from accumulated volume at £220.00 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 £4.40 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 2.93%.
Our recommended stop-loss: £208.25 (-5.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (SPSY.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Spectra Systems Corporation to open at £220.00, and during the day (based on 14 day Average True Range), to move between £214.84 and £227.16, which gives a possible trading interval of +/-£6.16 (+/-2.79%) up or down from last closing price. If Spectra Systems Corporation takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £220.00 (0.45%) than the resistance at £224.00 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Spectra Systems Corporation stock A Buy?
Spectra Systems Corporation 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.
Current score: -0.154 Hold/Accumulate Unchanged
Predicted Opening Price for Spectra Systems Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £220.00 ( 0.452%) | £221.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPSY.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 224.40 | 1.54 % | |
| R2 | 222.72 | 0.778 % | ||
| R1 | 221.68 | 0.308 % | ||
| Current price: | 221.00 | |||
| Support | S1 | 218.32 | -1.21 % | |
| S2 | 217.28 | -1.68 % | ||
| S3 | 215.60 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 227.00 | 2.71 % | |
| R2 | 225.00 | 1.81 % | ||
| R1 | 224.00 | 1.36 % | ||
| Current price | 221.00 | |||
| Support | S1 | 220.00 | -0.452% | |
| S2 | 218.00 | -1.36% | ||
| S3 | 211.00 | -4.52% |
SPSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 23, 2024 | £9.18 | 4.16% |
| 2 | Mar 21, 2022 | Jun 01, 2022 | Jun 24, 2022 | £11.00 | 8.18% |
| 3 | Mar 22, 2021 | Jun 03, 2021 | Jun 25, 2021 | £9.50 | 5.72% |
| 4 | Mar 23, 2020 | Jun 04, 2020 | Jun 26, 2020 | £9.00 | 7.50% |
| 5 | Mar 25, 2019 | Jun 06, 2019 | Jun 28, 2019 | £7.00 | 5.20% |
FAQ
Click here for our free guide on how to buy Spectra Systems Corporation Stock.
