RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MGNS.L
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Morgan Sindall Group plc stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 16, 2024 Gain 5.66% PDF

The Morgan Sindall Group plc stock price gained 1.30% on the last trading day (Wednesday, 27th Mar 2024), rising from £2,305.00 to £2,335.00. 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 1.52% from a day low at £2,300.00 to a day high of £2,335.00. The price has risen in 5 of the last 10 days and is up by 0.65% 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, 8 thousand more shares were traded than the day before. In total, 198 thousand shares were bought and sold for approximately £462.49 million.

The stock lies in the middle of a weak 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 6.70% during the next 3 months and, with a 90% probability hold a price between £2,404.90 and £2,547.93 at the end of this 3-month period.

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MGNS.L Signals & Forecast

The Morgan Sindall 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 £2,305.00 and £2,273.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, March 21, 2024 and based on theory for this formation the price should fall by -1.41% to £2,302.14 within 14 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Morgan Sindall Group plc stock

Morgan Sindall Group plc finds support from accumulated volume at £2,300.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £35.00 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 2.64%.

Our recommended stop-loss: £2,214.70 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (MGNS.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Morgan Sindall Group plc to open at £2,323.33, and during the day (based on 14 day Average True Range), to move between £2,274.83 and £2,395.17, which gives a possible trading interval of +/-£60.17 (+/-2.58%) up or down from last closing price. If Morgan Sindall Group plc takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £2,345.00 (0.43%) than the support at £2,300.00 (1.50%), 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 Morgan Sindall Group plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Morgan Sindall Group plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.935 Buy Candidate Upgraded

Predicted Opening Price for Morgan Sindall Group plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£2,323.33 ( 0.500%) £2,335.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MGNS.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2,358.33 1.00 %
R2 2,344.96 0.427 %
R1 2,336.70 0.0729 %
Current price: 2,335.00
Support S1 2,309.96 -1.07 %
S2 2,301.70 -1.43 %
S3 2,288.33 -2.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 2,345.00 0.428 %
Current price 2,335.00
Support S1 2,300.00 -1.50%
S2 2,290.00 -1.93%
S3 2,280.00 -2.36%

MGNS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 Apr 25, 2024 May 16, 2024 £78.00 3.34%
2 Feb 23, 2023 Apr 27, 2023 May 18, 2023 £68.00 3.72%
3 Aug 04, 2022 Oct 06, 2022 Oct 26, 2022 £33.00 2.12%
4 Feb 24, 2022 Apr 28, 2022 May 18, 2022 £62.00 3.20%
5 Aug 04, 2021 Oct 07, 2021 Oct 26, 2021 £30.00 1.27%

FAQ

What is the symbol for Morgan Sindall Group plc Stock and on which exchange is it traded?
The symbol for Morgan Sindall Group plc is MGNS.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Morgan Sindall Group plc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Morgan Sindall Group plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Morgan Sindall Group plc Stock?
Morgan Sindall Group plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Morgan Sindall Group plc Stock.

What's the current price of Morgan Sindall Group plc Stock?
As of the end of day on the 2024-03-27, the price of an Morgan Sindall Group plc (MGNS.L) share was £2,335.00.

What is the 52-week high and low for Morgan Sindall Group plc Stock?
The 52-week high for Morgan Sindall Group plc Stock is £2,483.00 and the 52-week low is £1,582.00.

What is the market capitalization of Morgan Sindall Group plc Stock?
As of the 2024-03-27, the market capitalization of Morgan Sindall Group plc is 1.08B.

When is the next earnings date for Morgan Sindall Group plc?
The upcoming earnings date for Morgan Sindall Group plc is Jul 31, 2024.
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