STV Group plc Stock Forecast
Evaluation of STV Group plc stock downgraded after the last trading session.
(Updated on May 10, 2024)
The STV Group plc stock price gained 2.61% on the last trading day (Friday, 10th May 2024), rising from £249.00 to £255.50. During the last trading day the stock fluctuated 2.49% from a day low at £250.75 to a day high of £257.00. The price has risen in 8 of the last 10 days and is up by 16.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately £11.13 million.
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 27.68% during the next 3 months and, with a 90% probability hold a price between £287.57 and £336.72 at the end of this 3-month period.
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STVG.L Signals & Forecast
The STV Group 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 £245.86 and £236.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 38.86%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for STV Group plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £227.00 and £226.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, STV Group plc finds support just below today's level at £227.00. If this is broken, then the next support from accumulated volume will be at £226.00 and £201.75.
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 £6.25 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: £246.15 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (STVG.L) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect STV Group plc to open at £254.42, and during the day (based on 14 day Average True Range), to move between £246.97 and £264.03, which gives a possible trading interval of +/-£8.53 (+/-3.34%) up or down from last closing price. If STV Group plc takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £227.00, some £28.50 (11.15%) from the current price of £255.50, our system finds the risk reward attractive.
Is STV Group plc stock A Buy?
STV 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for STV Group plc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| £254.42 ( 0.424%) | £255.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STVG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 260.67 | 2.02 % | |
| R2 | 258.28 | 1.09 % | ||
| R1 | 256.80 | 0.510 % | ||
| Current price: | 255.50 | |||
| Support | S1 | 252.03 | -1.36 % | |
| S2 | 250.55 | -1.94 % | ||
| S3 | 248.17 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 255.50 | |||
| Support | S1 | 227.00 | -11.15% | |
| S2 | 226.00 | -11.55% | ||
| S3 | 201.75 | -21.04% |
STVG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 31, 2024 | £7.40 | 2.90% |
| 2 | Mar 07, 2023 | Apr 13, 2023 | May 26, 2023 | £7.40 | 3.01% |
| 3 | Sep 06, 2022 | Sep 22, 2022 | Nov 03, 2022 | £3.90 | 1.51% |
| 4 | Mar 09, 2022 | Apr 14, 2022 | May 27, 2022 | £7.30 | 2.43% |
| 5 | Mar 09, 2022 | Apr 13, 2022 | May 27, 2022 | £7.30 | 2.43% |
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