Strix Group Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Strix Group Plc stock price up 4.08% on Monday
(Updated on Apr 15, 2024)
The Strix Group Plc stock price gained 4.08% on the last trading day (Monday, 15th Apr 2024), rising from £71.10 to £74.00. During the last trading day the stock fluctuated 4.93% from a day low at £71.00 to a day high of £74.50. The price has risen in 6 of the last 10 days and is up by 7.87% 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, 746 thousand more shares were traded than the day before. In total, 970 thousand shares were bought and sold for approximately £71.76 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £69.75, a level that may pose a second chance to hit a runner. According to fan-theory £76.64 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
KETL.L Signals & Forecast
The Strix 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 £70.34 and £68.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 14.73%. 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 Strix Group Plc stock
Strix Group Plc finds support from accumulated volume at £72.10 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 £3.50 between high and low, or 4.93%. For the last week, the stock has had daily average volatility of 3.66%.
The Strix Group Plc stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: £70.45 (-4.79%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (KETL.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Strix Group Plc to open at £73.17, and during the day (based on 14 day Average True Range), to move between £71.39 and £76.61, which gives a possible trading interval of +/-£2.61 (+/-3.52%) up or down from last closing price. If Strix Group Plc takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £74.30 (0.41%) than the support at £72.10 (2.57%), 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 Strix Group Plc stock A Buy?
Strix 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Strix Group Plc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £73.17 ( 1.13%) | £74.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KETL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.67 | 3.60 % | |
| R2 | 75.33 | 1.80 % | ||
| R1 | 74.50 | 0.681 % | ||
| Current price: | 74.00 | |||
| Support | S1 | 71.83 | -2.93 % | |
| S2 | 71.00 | -4.05 % | ||
| S3 | 69.67 | -5.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.10 | 1.49 % | |
| R2 | 74.50 | 0.676 % | ||
| R1 | 74.30 | 0.405 % | ||
| Current price | 74.00 | |||
| Support | S1 | 72.10 | -2.57% | |
| S2 | 68.00 | -8.11% | ||
| S3 | 66.10 | -10.68% |
KETL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.90 | 1.29% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £3.25 | 3.22% |
| 3 | Sep 21, 2022 | Oct 06, 2022 | Oct 28, 2022 | £2.75 | 2.58% |
| 4 | Mar 30, 2022 | May 12, 2022 | Jun 10, 2022 | £5.60 | 3.17% |
| 5 | Sep 22, 2021 | Sep 30, 2021 | Oct 07, 2021 | £2.75 | 0.88% |
FAQ
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