Superdry Plc Stock Forecast
Volatile ride for Superdry Plc stock price on Monday moving between £7.00 and £9.40
(Updated on Apr 22, 2024)
The Superdry Plc stock price fell by -8.39% on the last day (Monday, 22nd Apr 2024) from £9.06 to £8.30. During the last trading day the stock fluctuated 34.29% from a day low at £7.00 to a day high of £9.40. The price has fallen in 6 of the last 10 days and is down by -16.25% 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 -6 million shares and in total, 2 million shares were bought and sold for approximately £15.89 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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SDRY.L Signals & Forecast
Some negative signals were issued as well, and these may have some influence on the near short-term development. The Superdry 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 £20.66. On a fall, the stock will find some support from the short-term average at £7.97. 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. A sell signal was issued from a pivot top point on Friday, February 02, 2024, and so far it has fallen -82.02%. Further fall is indicated until a new bottom pivot has been found. 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 Superdry Plc stock
Superdry Plc finds support from accumulated volume at £8.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £2.40 between high and low, or 34.29%. For the last week, the stock has had daily average volatility of 39.38%.
Superdry Plc is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SDRY.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Superdry Plc to open at £8.23, and during the day (based on 14 day Average True Range), to move between £5.21 and £11.39, which gives a possible trading interval of +/-£3.09 (+/-37.25%) up or down from last closing price. If Superdry Plc takes out the full calculated possible swing range there will be an estimated 74.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £8.00 (3.61%) than the resistance at £9.06 (9.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Superdry Plc stock A Buy?
Superdry 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.216 Sell Candidate Upgraded
Predicted Opening Price for Superdry Plc of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
£8.23 ( 0.80%) | £8.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDRY.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.63 | 28.11 % | |
R2 | 9.72 | 17.07 % | ||
R1 | 9.15 | 10.24 % | ||
Current price: | 8.30 | |||
Support | S1 | 7.32 | -11.85 % | |
S2 | 6.75 | -18.67 % | ||
S3 | 5.83 | -29.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.08 | 21.45 % | |
R2 | 9.25 | 11.45 % | ||
R1 | 9.06 | 9.16 % | ||
Current price | 8.30 | |||
Support | S1 | 8.00 | -3.61% | |
S2 | 7.30 | -12.05% | ||
S3 | 0 | . |
SDRY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2019 | Dec 19, 2019 | Jan 24, 2020 | £2.00 | 0.498% |
2 | Jul 10, 2019 | Jul 18, 2019 | Sep 20, 2019 | £2.20 | 0.530% |
3 | Dec 12, 2018 | Dec 20, 2018 | Jan 25, 2019 | £9.30 | 1.81% |
4 | Jul 05, 2018 | Oct 11, 2018 | Dec 14, 2018 | £25.00 | 6.17% |
5 | Jul 05, 2018 | Jul 12, 2018 | Sep 21, 2018 | £21.90 | 1.96% |
FAQ
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