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 SDY.L
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Red day on Wednesday for Speedy Hire Plc stock after losing 0%
(Updated on Mar 27, 2024)

Sell candidate since Mar 11, 2024 Loss -5.88% PDF

No changes to the price of Speedy Hire Plc stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at £24.00 to a day high of £24.00. The price has fallen in 5 of the last 10 days and is down by -4% for this period.

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. Given the current short-term trend, the stock is expected to fall -28.63% during the next 3 months and, with a 90% probability hold a price between £13.79 and £20.27 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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SDY.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has fallen 0%. 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 Speedy Hire 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 £24.36 and £26.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Speedy Hire Plc stock

Speedy Hire Plc finds support from accumulated volume at £23.40 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.35%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Thursday, 28th we expect Speedy Hire Plc to open at £24.00, and during the day (based on 14 day Average True Range), to move between £22.62 and £25.38, which gives a possible trading interval of +/-£1.38 (+/-5.75%) up or down from last closing price. If Speedy Hire Plc takes out the full calculated possible swing range there will be an estimated 11.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £23.40 (2.50%) than the resistance at £28.35 (18.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Speedy Hire Plc stock A Buy?

Speedy Hire Plc holds several negative signals and is within a very wide 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: -2.773 Sell Candidate Unchanged

Predicted Opening Price for Speedy Hire Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£24.00 ( 0%) £24.00

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

Trading levels for SDY.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.00 .
R2 24.00 .
R1 24.00 .
Current price: 24.00
Support S1 24.00 .
S2 24.00 .
S3 24.00 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 29.50 22.92 %
R2 28.55 18.96 %
R1 28.35 18.13 %
Current price 24.00
Support S1 23.40 -2.50%
S2 0 .
S3 0 .

SDY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 07, 2023 Dec 07, 2023 Dec 07, 2023 £0 0%
2 Aug 10, 2023 Aug 10, 2023 Aug 10, 2023 £1.80 5.13%
3 Nov 15, 2022 Dec 08, 2022 Jan 20, 2023 £0.80 2.02%
4 May 30, 2022 Aug 11, 2022 Sep 23, 2022 £1.45 3.76%
5 Nov 17, 2021 Dec 09, 2021 Jan 21, 2022 £0.750 1.30%

FAQ

What is the symbol for Speedy Hire Plc Stock and on which exchange is it traded?
The symbol for Speedy Hire Plc is SDY.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Speedy Hire Plc Stock?
Speedy Hire Plc holds several negative signals and is within a very wide 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.

How to buy Speedy Hire Plc Stock?
Speedy Hire 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 Speedy Hire Plc Stock.

What's the current price of Speedy Hire Plc Stock?
As of the end of day on the 2024-03-27, the price of an Speedy Hire Plc (SDY.L) share was £24.00.

What is the 52-week high and low for Speedy Hire Plc Stock?
The 52-week high for Speedy Hire Plc Stock is £38.95 and the 52-week low is £23.40.

What is the market capitalization of Speedy Hire Plc Stock?
As of the 2024-03-27, the market capitalization of Speedy Hire Plc is 115.459M.

When is the next earnings date for Speedy Hire Plc?
The upcoming earnings date for Speedy Hire Plc is Jun 20, 2024.
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About Speedy Hire Plc

Speedy Hire Plc Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and coolin... SDY.L Profile

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