Serco Group plc Stock Forecast
Serco Group plc stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Serco Group plc stock price gained 0.276% on the last trading day (Friday, 26th Apr 2024), rising from £181.40 to £181.90. During the last trading day the stock fluctuated 1.33% from a day low at £181.00 to a day high of £183.40. The price has risen in 6 of the last 10 days but is still down by -1.3% for this period. Volume fell on the last day by -3 million shares and in total, 2 million shares were bought and sold for approximately £287.14 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 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 3.75% during the next 3 months and, with a 90% probability hold a price between £185.47 and £198.90 at the end of this 3-month period.
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SRP.L Signals & Forecast
There are mixed signals in the stock today. The Serco Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £184.75. On a fall, the stock will find some support from the short-term average at £180.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.13%. Further rise is indicated until a new top pivot has been found. 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 Serco Group plc stock
Serco Group plc finds support from accumulated volume at £179.80 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 £2.40 (1.33%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: £172.65 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (SRP.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Serco Group plc to open at £182.10, and during the day (based on 14 day Average True Range), to move between £177.98 and £185.82, which gives a possible trading interval of +/-£3.92 (+/-2.16%) up or down from last closing price. If Serco Group plc takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £183.60 (0.93%) than the support at £179.80 (1.15%), 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 Serco Group plc stock A Buy?
Serco Group plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.589 Hold/Accumulate Downgraded
Predicted Opening Price for Serco Group plc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
£182.10 ( 0.110%) | £181.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRP.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 184.50 | 1.43 % | |
R2 | 183.58 | 0.93 % | ||
R1 | 183.02 | 0.614 % | ||
Current price: | 181.90 | |||
Support | S1 | 181.18 | -0.394 % | |
S2 | 180.62 | -0.705 % | ||
S3 | 179.70 | -1.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 186.80 | 2.69 % | |
R2 | 186.00 | 2.25 % | ||
R1 | 183.60 | 0.93 % | ||
Current price | 181.90 | |||
Support | S1 | 179.80 | -1.15% | |
S2 | 179.50 | -1.32% | ||
S3 | 173.50 | -4.62% |
SRP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 10, 2024 | £2.27 | 1.25% |
2 | Feb 28, 2023 | May 11, 2023 | Jun 09, 2023 | £1.92 | 1.34% |
3 | Aug 04, 2022 | Sep 08, 2022 | Oct 06, 2022 | £0.94 | 0.601% |
4 | Feb 24, 2022 | May 12, 2022 | Jun 07, 2022 | £1.61 | 0.89% |
5 | Aug 05, 2021 | Sep 16, 2021 | Oct 12, 2021 | £0.80 | 0.643% |
FAQ
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