Segro Plc Stock Forecast
Segro Plc stock price ended at £892.00 on Wednesday, after losing 0.89%.
(Updated on Mar 27, 2024)
The Segro Plc stock price fell by -0.89% on the last day (Wednesday, 27th Mar 2024) from £900.00 to £892.00. During the last trading day the stock fluctuated 1.62% from a day low at £887.20 to a day high of £901.60. The price has risen in 6 of the last 10 days and is up by 0.97% over the past 2 weeks. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately £3.06 billion.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £900.21 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Segro Plc stock with a 90% probability to be traded between £832.56 and £913.65 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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SGRO.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.89%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Segro 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 £884.20 and £862.58. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Segro Plc stock
Segro Plc finds support from accumulated volume at £862.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £14.40 (1.62%) between high and low. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: £863.48 (-3.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SGRO.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Segro Plc to open at £893.60, and during the day (based on 14 day Average True Range), to move between £873.94 and £910.06, which gives a possible trading interval of +/-£18.06 (+/-2.02%) up or down from last closing price. If Segro Plc takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £898.00 (0.67%) than the support at £862.80 (3.27%), 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 Segro Plc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Segro Plc stock to perform well in the short-term period.
Current score: 1.983 Buy Candidate Unchanged
Predicted Opening Price for Segro Plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£893.60 ( 0.179%) | £892.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGRO.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 908.00 | 1.79 % | |
R2 | 902.50 | 1.18 % | ||
R1 | 899.10 | 0.796 % | ||
Current price: | 892.00 | |||
Support | S1 | 888.10 | -0.437 % | |
S2 | 884.70 | -0.82 % | ||
S3 | 879.20 | -1.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 900.00 | 0.90 % | |
R2 | 899.80 | 0.87 % | ||
R1 | 898.00 | 0.673 % | ||
Current price | 892.00 | |||
Support | S1 | 862.80 | -3.27% | |
S2 | 849.20 | -4.80% | ||
S3 | 845.40 | -5.22% |
SGRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | May 03, 2024 | £19.10 | 2.14% |
2 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £8.70 | 1.16% |
3 | Feb 17, 2023 | Mar 16, 2023 | May 04, 2023 | £18.20 | 2.23% |
4 | Jul 28, 2022 | Aug 11, 2022 | Sep 23, 2022 | £8.10 | 1.05% |
5 | Feb 18, 2022 | Mar 17, 2022 | May 04, 2022 | £16.90 | 1.45% |
FAQ
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