Sabre Insurance Group Plc Stock Forecast
Green day on Wednesday for Sabre Insurance Group Plc
(Updated on Mar 27, 2024)
The Sabre Insurance Group Plc stock price gained 3.22% on the last trading day (Wednesday, 27th Mar 2024), rising from £174.00 to £179.60. During the last trading day the stock fluctuated 3.50% from a day low at £173.53 to a day high of £179.60. The price has risen in 5 of the last 10 days and is up by 14.1% 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, 20 thousand more shares were traded than the day before. In total, 137 thousand shares were bought and sold for approximately £24.68 million.
The stock lies in the upper part of a wide and strong rising 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 £183.07 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.22% during the next 3 months and, with a 90% probability hold a price between £178.11 and £203.61 at the end of this 3-month period.
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SBRE.L Signals & Forecast
The Sabre Insurance 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 £177.49 and £161.53. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sabre Insurance Group Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £156.20 and £155.20. 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, Sabre Insurance Group Plc finds support just below today's level at £156.20. If this is broken, then the next support from accumulated volume will be at £155.20 and £154.60.
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 £6.07 between high and low, or 3.50%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: £172.61 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (SBRE.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Sabre Insurance Group Plc to open at £177.58, and during the day (based on 14 day Average True Range), to move between £173.74 and £185.46, which gives a possible trading interval of +/-£5.86 (+/-3.26%) up or down from last closing price. If Sabre Insurance Group Plc takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £181.60 (1.11%) than the support at £156.20 (13.03%), 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 Sabre Insurance 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 Sabre Insurance Group Plc stock to perform well in the short-term.
Current score: 3.174 Buy Candidate Unchanged
Predicted Opening Price for Sabre Insurance Group Plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£177.58 ( 1.13%) | £179.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBRE.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 183.65 | 2.25 % | |
R2 | 181.33 | 0.96 % | ||
R1 | 179.90 | 0.164 % | ||
Current price: | 179.60 | |||
Support | S1 | 175.26 | -2.42 % | |
S2 | 173.83 | -3.22 % | ||
S3 | 171.51 | -4.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 181.60 | 1.11 % | ||
Current price | 179.60 | |||
Support | S1 | 156.20 | -13.03% | |
S2 | 155.20 | -13.59% | ||
S3 | 154.60 | -13.92% |
SBRE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £1.70 | 1.38% |
2 | Jul 26, 2022 | Aug 18, 2022 | Sep 22, 2022 | £2.80 | 2.73% |
3 | Mar 22, 2022 | Apr 28, 2022 | Jun 01, 2022 | £4.60 | 2.20% |
4 | Jul 27, 2021 | Aug 19, 2021 | Sep 16, 2021 | £3.70 | 1.69% |
5 | Mar 16, 2021 | Apr 22, 2021 | May 20, 2021 | £4.90 | 1.87% |
FAQ
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