Sequoia Economic Infrastructure Income Stock Forecast

Sequoia Economic Infrastructure Income stock price down 0% on Thursday
(Updated on Apr 18, 2024)

SEQI.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.743%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and 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 Sequoia Economic Infrastructure Income 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 £81.86. On a fall, the stock will find some support from the short-term average at £81.29. 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).

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, March 14, 2024 and based on theory for this formation the price should go up by 3.19% to £84.00 within 10 trading days since signal was issued (Friday, April 19, 2024).

Support, Risk & Stop-loss for Sequoia Economic Infrastructure Income stock

Sequoia Economic Infrastructure Income finds support from accumulated volume at £81.00 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 £0.90 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 0.94%.

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

Trading Expectations (SEQI.L) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Sequoia Economic Infrastructure Income Fund Limited to open at £81.43, and during the day (based on 14 day Average True Range), to move between £80.29 and £82.51, which gives a possible trading interval of +/-£1.11 (+/-1.37%) up or down from last closing price. If Sequoia Economic Infrastructure Income Fund Limited takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £81.80 (0.49%) than the support at £81.00 (0.49%), 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.

Is Sequoia Economic Infrastructure Income Fund Limited stock A Buy?

Sequoia Economic Infrastructure Income 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: -1.462 Sell Candidate Unchanged

Predicted Opening Price for Sequoia Economic Infrastructure Income Fund Limited of Friday, April 19, 2024

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