Sequoia Economic Infrastructure Income Stock Forecast
Red day on Friday for Sequoia Economic Infrastructure Income
(Updated on Apr 19, 2024)
The Sequoia Economic Infrastructure Income stock price fell by -0.491% on the last day (Friday, 19th Apr 2024) from £81.40 to £81.00. During the last trading day the stock fluctuated 1.23% from a day low at £81.00 to a day high of £82.00. The price has risen in 4 of the last 10 days but is still down by -0.49% for this period. Volume has increased on the last day by 101 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £147.28 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sequoia Economic Infrastructure Income stock with a 90% probability to be traded between £79.43 and £83.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 0.248%. 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 Sequoia Economic Infrastructure Income 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 £81.31 and £81.88. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 3.70% to £84.00 within 10 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for Sequoia Economic Infrastructure Income stock
Sequoia Economic Infrastructure Income finds support from accumulated volume at £80.80 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 £1.00 between high and low, or 1.23%. 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 Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Sequoia Economic Infrastructure Income Fund Limited to open at £81.33, and during the day (based on 14 day Average True Range), to move between £79.89 and £82.11, which gives a possible trading interval of +/-£1.11 (+/-1.36%) 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 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £80.80 (0.25%) than the resistance at £81.40 (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sequoia Economic Infrastructure Income Fund Limited stock A Buy?
Sequoia Economic Infrastructure Income holds several negative signals and is within a 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: -2.280 Sell Candidate Unchanged
Predicted Opening Price for Sequoia Economic Infrastructure Income Fund Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £81.33 ( 0.412%) | £81.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEQI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.33 | 1.65 % | |
| R2 | 81.95 | 1.17 % | ||
| R1 | 81.72 | 0.88 % | ||
| Current price: | 81.00 | |||
| Support | S1 | 80.95 | -0.0601 % | |
| S2 | 80.72 | -0.351 % | ||
| S3 | 80.33 | -0.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.90 | 3.58 % | |
| R2 | 81.80 | 0.99 % | ||
| R1 | 81.40 | 0.494 % | ||
| Current price | 81.00 | |||
| Support | S1 | 80.80 | -0.247% | |
| S2 | 80.50 | -0.617% | ||
| S3 | 80.00 | -1.23% |
SEQI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Jan 25, 2024 | Feb 29, 2024 | £1.72 | 2.15% |
| 2 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0172 | 0.0227% |
| 3 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £0.0172 | 0.0213% |
| 4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | £1.72 | 2.09% |
| 5 | Jan 19, 2023 | Jan 26, 2023 | Feb 24, 2023 | £1.72 | 2.02% |
FAQ
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