Serabi Gold PLC Stock Forecast
Serabi Gold PLC stock price down 0% on Wednesday
(Updated on Jul 03, 2024)
No changes to the price of Serabi Gold PLC stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 1.52% from a day low at £66.00 to a day high of £67.00. The price has been going up and down for this period, and there has been a -4.32% loss for the last 2 weeks.
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 8.09% during the next 3 months and, with a 90% probability hold a price between £63.62 and £77.24 at the end of this 3-month period.
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SRB.L Signals & Forecast
The Serabi Gold PLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £67.77. On a fall, the stock will find some support from the long-term average at approximately £65.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -5.67%. 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 Serabi Gold PLC stock
Serabi Gold PLC finds support from accumulated volume at £65.00 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 £1.00 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: £62.98 (-5.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (SRB.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Serabi Gold PLC to open at £66.50, and during the day (based on 14 day Average True Range), to move between £64.26 and £68.74, which gives a possible trading interval of +/-£2.24 (+/-3.37%) up or down from last closing price. If Serabi Gold PLC takes out the full calculated possible swing range there will be an estimated 6.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £67.00 (0.75%) than the support at £65.00 (2.26%), 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 Serabi Gold PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Serabi Gold PLC stock to perform well in the short-term.
Current score: 1.833 Buy Candidate Unchanged
Predicted Opening Price for Serabi Gold PLC of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £66.50 ( 0%) | £66.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRB.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 67.50 | 1.50% |
| R2 | 67.12 | 0.93% |
| R1 | 66.88 | 0.574% |
| Price | 66.50 | |
| S1 | 66.12 | -0.574% |
| S2 | 65.88 | -0.93% |
| S3 | 65.50 | -1.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.50 | 6.02% |
| R2 | 69.50 | 4.51% |
| R1 | 67.00 | 0.752% |
| Price | 66.50 | |
| S1 | 65.00 | -2.26% |
| S2 | 59.00 | -11.28% |
| S3 | 56.00 | -15.79% |
FAQ
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