Servotronics, Inc Stock Forecast
Servotronics, Inc stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Servotronics, Inc stock price gained 1.61% on the last trading day (Friday, 3rd May 2024), rising from £2,477.00 to £2,517.00. During the last trading day the stock fluctuated 2.90% from a day low at £2,483.00 to a day high of £2,555.00. The price has been going up and down for this period, and there has been a 2.57% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 810 thousand shares were bought and sold for approximately £2.04 billion. 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £2,542.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.31% during the next 3 months and, with a 90% probability hold a price between £2,220.41 and £2,433.04 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SVT.L Signals & Forecast
Mostly positive signals in the chart today. The Servotronics, Inc 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 £2,477.00 and £2,468.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 7.11%. 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 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 Servotronics, Inc stock
Servotronics, Inc finds support from accumulated volume at £2,501.00 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 £72.00 (2.90%) between high and low. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: £2,402.94 (-4.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (SVT.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Servotronics, Inc to open at £2,518.33, and during the day (based on 14 day Average True Range), to move between £2,467.94 and £2,566.06, which gives a possible trading interval of +/-£49.06 (+/-1.95%) up or down from last closing price. If Servotronics, Inc takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2,501.00 (0.64%) than the resistance at £2,539.00 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Servotronics, Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 3.319 Buy Candidate Upgraded
Predicted Opening Price for Servotronics, Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £2,518.33 ( 0.0530%) | £2,517.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,590.33 | 2.91 % | |
| R2 | 2,562.83 | 1.82 % | ||
| R1 | 2,545.84 | 1.15 % | ||
| Current price: | 2,517.00 | |||
| Support | S1 | 2,490.83 | -1.04 % | |
| S2 | 2,473.84 | -1.71 % | ||
| S3 | 2,446.33 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,589.00 | 2.86 % | |
| R2 | 2,574.00 | 2.26 % | ||
| R1 | 2,539.00 | 0.87 % | ||
| Current price | 2,517.00 | |||
| Support | S1 | 2,501.00 | -0.636% | |
| S2 | 2,486.00 | -1.23% | ||
| S3 | 2,477.00 | -1.59% |
SVT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £64.09 | 2.37% |
| 3 | Nov 22, 2022 | Dec 01, 2022 | Jan 11, 2023 | £42.73 | 1.54% |
| 4 | May 25, 2022 | Jun 01, 2022 | Jul 13, 2022 | £61.28 | 2.16% |
| 5 | Nov 23, 2021 | Dec 02, 2021 | Jan 07, 2022 | £40.86 | 1.40% |
FAQ
Click here for our free guide on how to buy Servotronics, Inc Stock.
