Spirent Communications Plc Stock Forecast

Green day on Friday for Spirent Communications Plc
(Updated on May 31, 2024)

SPT.L Signals & Forecast

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 Spirent Communications 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 £184.04 and £190.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -8.20%. 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).

Support, Risk & Stop-loss for Spirent Communications Plc stock

Spirent Communications Plc finds support from accumulated volume at £182.70 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 £4.20 between high and low, or 2.29%. For the last week the stock has had daily average volatility of 1.28%.

Spirent Communications Plc is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SPT.L) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Spirent Communications Plc to open at £184.67, and during the day (based on 14 day Average True Range), to move between £179.62 and £187.58, which gives a possible trading interval of +/-£3.98 (+/-2.17%) up or down from last closing price. If Spirent Communications Plc takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £182.70 (0.49%) than the resistance at £190.00 (3.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Spirent Communications Plc stock A Buy?

The Spirent Communications Plc stock holds several negative signals and despite the positive trend, we believe Spirent Communications Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.830 Sell Candidate Unchanged

Predicted Opening Price for Spirent Communications Plc of Monday, June 3, 2024

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