RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SHOE.L
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Red day on Wednesday for Shoe Zone PLC
(Updated on Mar 27, 2024)

Hold candidate since Mar 25, 2024 Loss -0.33% PDF

The Shoe Zone PLC stock price fell by -0.331% on the last day (Wednesday, 27th Mar 2024) from £225.00 to £224.26. During the last trading day the stock fluctuated 3.84% from a day low at £220.00 to a day high of £228.44. The price has fallen in 5 of the last 10 days and is down by -11.01% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -38 thousand shares and in total, 34 thousand shares were bought and sold for approximately £7.61 million.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £212.04 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Shoe Zone PLC stock with a 90% probability to be traded between £212.39 and £285.55 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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SHOE.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 5.78%. 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 Shoe Zone PLC 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 £242.34. On a fall, the stock will find some support from the short-term average at £221.61. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Shoe Zone PLC stock

Shoe Zone PLC finds support from accumulated volume at £220.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £8.44 between high and low, or 3.84%. For the last week, the stock has had daily average volatility of 4.94%.

Our recommended stop-loss: £213.58 (-4.76%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Shoe Zone PLC to open at £224.23, and during the day (based on 14 day Average True Range), to move between £208.54 and £239.97, which gives a possible trading interval of +/-£15.71 (+/-7.01%) up or down from last closing price. If Shoe Zone PLC takes out the full calculated possible swing range there will be an estimated 14.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £220.00 (1.90%) than the resistance at £232.00 (3.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shoe Zone PLC stock A Buy?

Shoe Zone PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.486 Hold/Accumulate Unchanged

Predicted Opening Price for Shoe Zone PLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£224.23 ( 0.0104%) £224.26

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

Trading levels for SHOE.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 232.67 3.75 %
R2 229.45 2.32 %
R1 227.46 1.43 %
Current price: 224.26
Support S1 221.01 -1.45 %
S2 219.02 -2.34 %
S3 215.79 -3.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 247.50 10.37 %
R2 237.50 5.91 %
R1 232.00 3.45 %
Current price 224.26
Support S1 220.00 -1.90%
S2 217.50 -3.01%
S3 212.00 -5.46%

SHOE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Apr 02, 2024 £14.90 6.64%
2 Jul 13, 2023 Jul 13, 2023 Jul 13, 2023 £2.50 0.99%
3 Mar 09, 2023 Mar 16, 2023 Mar 29, 2023 £8.20 3.57%
4 Oct 25, 2022 Nov 03, 2022 Dec 21, 2022 £3.00 1.41%
5 May 17, 2022 Jul 14, 2022 Aug 17, 2022 £2.50 1.32%

FAQ

What is the symbol for Shoe Zone PLC Stock and on which exchange is it traded?
The symbol for Shoe Zone PLC is SHOE.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Shoe Zone PLC Stock?
Shoe Zone PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Shoe Zone PLC Stock?
Shoe Zone 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 Shoe Zone PLC Stock.

What's the current price of Shoe Zone PLC Stock?
As of the end of day on the 2024-03-27, the price of an Shoe Zone PLC (SHOE.L) share was £224.26.

What is the 52-week high and low for Shoe Zone PLC Stock?
The 52-week high for Shoe Zone PLC Stock is £294.00 and the 52-week low is £197.55.

What is the market capitalization of Shoe Zone PLC Stock?
As of the 2024-03-27, the market capitalization of Shoe Zone PLC is 103.666M.

When is the next earnings date for Shoe Zone PLC?
The upcoming earnings date for Shoe Zone PLC is May 13, 2024.
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About Shoe Zone PLC

Shoe Zone PLC Shoe Zone plc operates as a footwear retailer in the United Kingdom and the Republic of Ireland. The company offers shoes for men, women, boys, and girls. It operates 410 stores and shoezone.com, a Website. The company was incorporated in 2014 and is based in Leicester, the United Kingdom.... SHOE.L Profile

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