Schroder Real Estate Investment Trust Stock Forecast
Stronger technical forecast for Schroder Real Estate Investment Trust stock price after Friday trading.
(Updated on Apr 26, 2024)
The Schroder Real Estate Investment Trust stock price gained 0.459% on the last trading day (Friday, 26th Apr 2024), rising from £43.60 to £43.80. During the last trading day the stock fluctuated 3.04% from a day low at £42.70 to a day high of £44.00. The price has risen in 6 of the last 10 days and is up by 0.46% over the past 2 weeks. Volume fell on the last day by -170 thousand shares and in total, 418 thousand shares were bought and sold for approximately £18.31 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 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 -3.44% during the next 3 months and, with a 90% probability hold a price between £39.19 and £43.19 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SREI.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -2.23%. 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). The Schroder Real Estate Investment Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £43.61 and £42.84. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Schroder Real Estate Investment Trust stock
Schroder Real Estate Investment Trust finds support from accumulated volume at £43.40 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 £1.30 (3.04%) between high and low. For the last week, the stock has had daily average volatility of 4.65%.
Our recommended stop-loss: £41.89 (-4.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SREI.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Schroder Real Estate Investment Trust Limited to open at £43.50, and during the day (based on 14 day Average True Range), to move between £42.26 and £45.34, which gives a possible trading interval of +/-£1.54 (+/-3.51%) up or down from last closing price. If Schroder Real Estate Investment Trust Limited takes out the full calculated possible swing range there will be an estimated 7.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £44.00 (0.46%) than the support at £43.40 (0.91%), 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 Schroder Real Estate Investment Trust Limited stock A Buy?
Schroder Real Estate Investment Trust 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.484 Hold/Accumulate Upgraded
Predicted Opening Price for Schroder Real Estate Investment Trust Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £43.50 ( 0.685%) | £43.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SREI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.80 | 2.28 % | |
| R2 | 44.30 | 1.15 % | ||
| R1 | 44.00 | 0.449 % | ||
| Current price: | 43.80 | |||
| Support | S1 | 43.00 | -1.82 % | |
| S2 | 42.70 | -2.52 % | ||
| S3 | 42.20 | -3.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.10 | 2.97 % | |
| R2 | 44.80 | 2.28 % | ||
| R1 | 44.00 | 0.457 % | ||
| Current price | 43.80 | |||
| Support | S1 | 43.40 | -0.91% | |
| S2 | 43.15 | -1.48% | ||
| S3 | 43.00 | -1.83% |
SREI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 28, 2024 | £0.84 | 2.00% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0.0084 | 0.0193% |
| 3 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.84 | 1.92% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £0.84 | 1.90% |
| 5 | Feb 03, 2023 | Feb 16, 2023 | Mar 07, 2023 | £0.82 | 1.79% |
FAQ
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