SEPLAT Petroleum Development Company Plc Stock Forecast
SEPLAT Petroleum Development Company Plc stock price up 1.35% on Monday
(Updated on Apr 22, 2024)
The SEPLAT Petroleum Development Company Plc stock price gained 1.35% on the last trading day (Monday, 22nd Apr 2024), rising from £148.00 to £150.00. During the last trading day the stock fluctuated 1.35% from a day low at £148.00 to a day high of £150.00. The price has fallen in 5 of the last 10 days. Volume fell on the last day by -48 thousand shares and in total, 93 thousand shares were bought and sold for approximately £13.97 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.63% during the next 3 months and, with a 90% probability hold a price between £147.54 and £166.74 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SEPL.L Signals & Forecast
The SEPLAT Petroleum Development Company 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 £147.57 and £145.29. 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 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SEPLAT Petroleum Development Company Plc stock
SEPLAT Petroleum Development Company Plc finds support from accumulated volume at £149.00 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 £2.00 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: £145.17 (-3.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (SEPL.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect SEPLAT Petroleum Development Company Plc to open at £149.33, and during the day (based on 14 day Average True Range), to move between £146.03 and £153.97, which gives a possible trading interval of +/-£3.97 (+/-2.64%) up or down from last closing price. If SEPLAT Petroleum Development Company Plc takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £150.40 (0.27%) than the support at £149.00 (0.67%), 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.
Earnings coming up
SEPLAT Petroleum Development Company Plc will release earnings BMO on Thursday, April 25, 2024. We will update the financials statements for SEPLAT Petroleum Development Company Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.46% in the first trading day after earnings release.
Is SEPLAT Petroleum Development Company 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 SEPLAT Petroleum Development Company Plc stock to perform well in the short-term.
Current score: 4.535 Buy Candidate Unchanged
Predicted Opening Price for SEPLAT Petroleum Development Company Plc of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
£149.33 ( 0.444%) | £150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEPL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 151.33 | 0.89 % | |
R2 | 150.57 | 0.380 % | ||
R1 | 150.10 | 0.0649 % | ||
Current price: | 150.00 | |||
Support | S1 | 148.57 | -0.95 % | |
S2 | 148.10 | -1.27 % | ||
S3 | 147.33 | -1.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 150.40 | 0.267 % | ||
Current price | 150.00 | |||
Support | S1 | 149.00 | -0.667% | |
S2 | 139.60 | -6.93% | ||
S3 | 136.00 | -9.33% |
SEPL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | Apr 25, 2024 | May 29, 2024 | £4.75 | 3.17% |
2 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | £3.00 | 2.50% |
3 | May 17, 2023 | May 17, 2023 | May 17, 2023 | £3.00 | 3.14% |
4 | Apr 19, 2023 | Apr 19, 2023 | Apr 19, 2023 | £5.00 | 5.14% |
5 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | £4.03 | 4.14% |
FAQ
Click here for our free guide on how to buy SEPLAT Petroleum Development Company Plc Stock.