Schroders PLC Stock Forecast
Green day on Wednesday for Schroders PLC stock after gaining 0.218%
(Updated on Apr 17, 2024)
The Schroders PLC stock price gained 0.218% on the last trading day (Wednesday, 17th Apr 2024), rising from £367.20 to £368.00. During the last trading day the stock fluctuated 2.17% from a day low at £363.30 to a day high of £371.20. The price has risen in 4 of the last 10 days but is still down by -1.76% for this period. Volume fell on the last day by -2 million shares and in total, 865 thousand shares were bought and sold for approximately £318.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £366.44 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.95% during the next 3 months and, with a 90% probability hold a price between £326.33 and £340.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SDR.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.218%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Schroders PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £373.26 and £381.50. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Schroders PLC stock
Schroders PLC finds support from accumulated volume at £367.20 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 £7.90 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SDR.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Schroders PLC to open at £367.50, and during the day (based on 14 day Average True Range), to move between £360.97 and £375.03, which gives a possible trading interval of +/-£7.03 (+/-1.91%) up or down from last closing price. If Schroders PLC takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £367.20 (0.22%) than the resistance at £375.00 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Schroders PLC stock A Buy?
Schroders PLC holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.527 Sell Candidate Unchanged
Predicted Opening Price for Schroders PLC of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £367.50 ( 0.136%) | £368.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 375.40 | 2.01 % | |
| R2 | 372.38 | 1.19 % | ||
| R1 | 370.52 | 0.684 % | ||
| Current price: | 368.00 | |||
| Support | S1 | 364.48 | -0.96 % | |
| S2 | 362.62 | -1.46 % | ||
| S3 | 359.60 | -2.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 390.20 | 6.03 % | |
| R2 | 390.00 | 5.98 % | ||
| R1 | 375.00 | 1.90 % | ||
| Current price | 368.00 | |||
| Support | S1 | 367.20 | -0.217% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SDR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | May 02, 2024 | £15.00 | 4.08% |
| 2 | Mar 02, 2023 | Mar 23, 2023 | May 04, 2023 | £15.00 | 3.24% |
| 3 | Jul 28, 2022 | Aug 04, 2022 | Aug 25, 2022 | £6.29 | 1.33% |
| 4 | Mar 03, 2022 | Mar 24, 2022 | May 05, 2022 | £14.45 | 2.97% |
| 5 | Jul 29, 2021 | Aug 19, 2021 | Sep 23, 2021 | £6.29 | 1.00% |
FAQ
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