Scientific Digital Imaging plc Stock Forecast
Scientific Digital Imaging plc stock price down 1.69% on Monday
(Updated on Apr 15, 2024)
The Scientific Digital Imaging plc stock price fell by -1.69% on the last day (Monday, 15th Apr 2024) from £59.00 to £58.00. During the last trading day the stock fluctuated 3.45% from a day low at £58.00 to a day high of £60.00. The price has fallen in 7 of the last 10 days and is down by -7.94% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -161 thousand shares and in total, 125 thousand shares were bought and sold for approximately £7.23 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £55.20 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.00% during the next 3 months and, with a 90% probability hold a price between £48.58 and £63.96 at the end of this 3-month period.
SDI.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 3.57%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Scientific Digital Imaging plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £66.23. On a fall, the stock will find some support from the short-term average at £57.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Scientific Digital Imaging plc stock
Scientific Digital Imaging plc finds support from accumulated volume at £57.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £2.00 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 4.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SDI.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Scientific Digital Imaging plc to open at £58.67, and during the day (based on 14 day Average True Range), to move between £55.08 and £60.92, which gives a possible trading interval of +/-£2.92 (+/-5.04%) up or down from last closing price. If Scientific Digital Imaging plc takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £57.60 (0.69%) than the resistance at £63.00 (8.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scientific Digital Imaging plc stock A Buy?
Scientific Digital Imaging plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.242 Sell Candidate Unchanged
Predicted Opening Price for Scientific Digital Imaging plc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £58.67 ( 1.15%) | £58.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.67 | 4.60 % | |
| R2 | 59.90 | 3.28 % | ||
| R1 | 59.43 | 2.47 % | ||
| Current price: | 58.00 | |||
| Support | S1 | 57.90 | -0.168 % | |
| S2 | 57.43 | -0.98 % | ||
| S3 | 56.67 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.00 | 22.41 % | |
| R2 | 65.00 | 12.07 % | ||
| R1 | 63.00 | 8.62 % | ||
| Current price | 58.00 | |||
| Support | S1 | 57.60 | -0.690% | |
| S2 | 57.50 | -0.86% | ||
| S3 | 56.00 | -3.45% |
FAQ
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