Safestay Plc Stock Forecast
Safestay Plc stock upgraded to Buy Candidate.
(Updated on Jun 24, 2024)
The Safestay Plc stock price gained 4.91% on the last trading day (Monday, 24th Jun 2024), rising from £20.00 to £20.98. During the last trading day the stock fluctuated 1.86% from a day low at £20.60 to a day high of £20.98. The price has been going up and down for this period, and there has been a -0.03% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately £106.09 thousand.
The stock lies in the middle of a wide and strong 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 11.66% during the next 3 months and, with a 90% probability hold a price between £21.53 and £24.83 at the end of this 3-month period.
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SSTY.L Signals & Forecast
Mostly positive signals in the chart today. The Safestay Plc 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 £20.79 and £20.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 9.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Safestay Plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Safestay Plc stock
Safestay Plc finds support from accumulated volume at £20.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.383 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: £20.18 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (SSTY.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Safestay Plc to open at £20.86, and during the day (based on 14 day Average True Range), to move between £20.05 and £21.92, which gives a possible trading interval of +/-£0.93 (+/-4.45%) up or down from last closing price. If Safestay Plc takes out the full calculated possible swing range there will be an estimated 8.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £21.00 (0.08%) than the support at £20.00 (4.68%), 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 Safestay 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 Safestay Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.822 Buy Candidate Upgraded
Predicted Opening Price for Safestay Plc of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| £20.86 ( 0.608%) | £20.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SSTY.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.24 | 1.22% |
| R2 | 21.09 | 0.519% |
| R1 | 21.00 | 0.0888% |
| Price | 20.98 | |
| S1 | 20.71 | -1.30% |
| S2 | 20.62 | -1.74% |
| S3 | 20.47 | -2.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.00 | 4.85% |
| R2 | 21.43 | 2.11% |
| R1 | 21.00 | 0.0824% |
| Price | 20.98 | |
| S1 | 20.00 | -4.68% |
| S2 | 19.00 | -9.45% |
| S3 | 18.38 | -12.40% |
SSTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 13, 2015 | May 14, 2015 | Jun 26, 2015 | £0.299 | 0.420% |
FAQ
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