Strix Group Plc Stock Forecast
Stronger technical forecast for Strix Group Plc stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The Strix Group Plc stock price gained 2.44% on the last trading day (Wednesday, 24th Apr 2024), rising from £73.70 to £75.50. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.96% from a day low at £73.20 to a day high of £76.10. The price has risen in 6 of the last 10 days and is up by 7.7% 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, 229 thousand more shares were traded than the day before. In total, 412 thousand shares were bought and sold for approximately £31.12 million.
Given the current horizontal trend, you can expect Strix Group Plc stock with a 90% probability to be traded between £65.93 and £76.64 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KETL.L Signals & Forecast
Mostly positive signals in the chart today. 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 £73.61 and £68.91. 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 17.05%. 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 £2.90 between high and low, or 3.96%. For the last week, the stock has had daily average volatility of 4.09%.
Our recommended stop-loss: £72.67 (-3.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (KETL.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Strix Group Plc to open at £74.93, and during the day (based on 14 day Average True Range), to move between £72.76 and £78.24, which gives a possible trading interval of +/-£2.74 (+/-3.62%) up or down from last closing price. If Strix Group Plc takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £72.10, some £3.40 (4.50%) from the current price of £75.50, our system finds the risk reward attractive.
Is Strix Group Plc stock A Buy?
Strix Group Plc holds several positive signals and is considered to be a good choice at current levels. We expect the Strix Group Plc stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.811 Strong Buy Candidate Upgraded
Predicted Opening Price for Strix Group Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £74.93 ( 0.751%) | £75.50 |
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 | 77.83 | 3.09 % | |
| R2 | 76.73 | 1.62 % | ||
| R1 | 76.04 | 0.717 % | ||
| Current price: | 75.50 | |||
| Support | S1 | 73.83 | -2.22 % | |
| S2 | 73.14 | -3.12 % | ||
| S3 | 72.03 | -4.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 75.50 | |||
| Support | S1 | 72.10 | -4.50% | |
| S2 | 68.00 | -9.93% | ||
| S3 | 66.10 | -12.45% |
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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