Steppe Cement Stock Forecast
Steppe Cement stock price ended at £19.00 on Tuesday, after losing 0%.
(Updated on Apr 30, 2024)
No changes to the price of Steppe Cement stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 2.43% from a day low at £18.55 to a day high of £19.00. The price has been going up and down for this period, and there has been a 2.56% gain for the last 2 weeks.
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 -14.07% during the next 3 months and, with a 90% probability hold a price between £13.82 and £17.65 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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STCM.L Signals & Forecast
There are mixed signals in the stock today. 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 £19.10 and £19.86. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 11.76%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Steppe Cement stock
Steppe Cement finds support from accumulated volume at £18.50 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 £0.450 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 6.03%.
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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Steppe Cement to open at £18.85, and during the day (based on 14 day Average True Range), to move between £17.71 and £20.29, which gives a possible trading interval of +/-£1.29 (+/-6.79%) up or down from last closing price. If Steppe Cement takes out the full calculated possible swing range there will be an estimated 13.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £19.50 (2.63%) than the support at £18.50 (2.63%), 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 Steppe Cement stock A Buy?
Steppe Cement holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.794 Sell Candidate Unchanged
Predicted Opening Price for Steppe Cement of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £18.85 ( 0.789%) | £19.00 |
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 | 19.30 | 1.58 % | |
| R2 | 19.13 | 0.674 % | ||
| R1 | 19.02 | 0.115 % | ||
| Current price: | 19.00 | |||
| Support | S1 | 18.68 | -1.69 % | |
| S2 | 18.57 | -2.25 % | ||
| S3 | 18.40 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.00 | 15.79 % | |
| R2 | 21.00 | 10.53 % | ||
| R1 | 19.50 | 2.63 % | ||
| Current price | 19.00 | |||
| Support | S1 | 18.50 | -2.63% | |
| S2 | 18.00 | -5.26% | ||
| S3 | 17.00 | -10.53% |
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
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