Steppe Cement Stock Forecast
Red day on Thursday for Steppe Cement stock after losing 3.63%
(Updated on Apr 18, 2024)
The Steppe Cement stock price fell by -3.63% on the last day (Thursday, 18th Apr 2024) from £19.00 to £18.31. During the last trading day the stock fluctuated 1.44% from a day low at £18.10 to a day high of £18.36. The price has risen in 4 of the last 10 days but is still down by -6.1% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -964 shares and in total, 10 thousand shares were bought and sold for approximately £184.24 thousand.
The stock lies in the middle of a very 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 -11.61% during the next 3 months and, with a 90% probability hold a price between £14.67 and £18.78 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
STCM.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 7.71%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Steppe Cement 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 £18.83 and £20.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Steppe Cement stock
Steppe Cement finds support from accumulated volume at £18.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.260 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 6.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STCM.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Steppe Cement to open at £18.26, and during the day (based on 14 day Average True Range), to move between £16.88 and £19.74, which gives a possible trading interval of +/-£1.43 (+/-7.82%) up or down from last closing price. If Steppe Cement takes out the full calculated possible swing range there will be an estimated 15.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £18.00 (1.69%) than the resistance at £19.00 (3.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Steppe Cement stock A Buy?
Steppe Cement holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.988 Sell Candidate Unchanged
Predicted Opening Price for Steppe Cement of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £18.26 ( 0.291%) | £18.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STCM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.52 | 1.13 % | |
| R2 | 18.42 | 0.586 % | ||
| R1 | 18.36 | 0.251 % | ||
| Current price: | 18.31 | |||
| Support | S1 | 18.16 | -0.83 % | |
| S2 | 18.10 | -1.17 % | ||
| S3 | 18.00 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.00 | 20.15 % | |
| R2 | 21.00 | 14.69 % | ||
| R1 | 19.00 | 3.77 % | ||
| Current price | 18.31 | |||
| Support | S1 | 18.00 | -1.69% | |
| S2 | 17.00 | -7.15% | ||
| S3 | 0 | . |
STCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2022 | Nov 17, 2022 | Dec 02, 2022 | £5.00 | 11.36% |
| 2 | Jul 08, 2021 | Jul 15, 2021 | Jul 30, 2021 | £2.50 | 5.05% |
| 3 | Oct 29, 2020 | Nov 05, 2020 | Nov 20, 2020 | £1.00 | 3.13% |
| 4 | Jul 09, 2020 | Jul 16, 2020 | Jul 31, 2020 | £3.00 | 13.33% |
| 5 | Jun 13, 2019 | Jun 20, 2019 | Jul 12, 2019 | £3.00 | 10.71% |
FAQ
Click here for our free guide on how to buy Steppe Cement Stock.
