Symphony International Hldgs Ltd Stock Forecast
Stronger technical forecast for Symphony International Hldgs Ltd stock price after Thursday trading.
(Updated on Apr 25, 2024)
No changes to the price of Symphony International Hldgs Ltd stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £0.404 to a day high of £0.404. The price has been going up and down for this period, and there has been a 6.04% gain for the last 2 weeks.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £0.407 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.71% during the next 3 months and, with a 90% probability hold a price between £0.326 and £0.419 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.
SIHL.L Signals & Forecast
The Symphony International Hldgs Ltd 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 £0.387 and £0.384. 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). 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 Wednesday, April 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Symphony International Hldgs Ltd stock
Symphony International Hldgs Ltd finds support from accumulated volume at £0.400 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.97%
Our recommended stop-loss: £0.389 (-3.62%) (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 (SIHL.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Symphony International Hldgs Ltd to open at £0.404, and during the day (based on 14 day Average True Range), to move between £0.392 and £0.416, which gives a possible trading interval of +/-£0.0115 (+/-2.86%) up or down from last closing price. If Symphony International Hldgs Ltd takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.400 (0.99%) than the resistance at £0.418 (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Symphony International Hldgs Ltd stock A Buy?
Symphony International Hldgs Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.705 Hold/Accumulate Upgraded
Predicted Opening Price for Symphony International Hldgs Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £0.404 ( 0.00000000%) | £0.404 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIHL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.404 | 0.00000000 % | |
| R2 | 0.404 | 0.00000000 % | ||
| R1 | 0.404 | 0.00000000 % | ||
| Current price: | 0.404 | |||
| Support | S1 | 0.404 | 0.00000000 % | |
| S2 | 0.404 | 0.00000000 % | ||
| S3 | 0.404 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.418 | 3.47 % | ||
| Current price | 0.404 | |||
| Support | S1 | 0.400 | -0.99% | |
| S2 | 0.340 | -15.84% | ||
| S3 | 0.311 | -23.02% |
SIHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £0.0250 | 5.88% |
| 2 | Aug 13, 2021 | Aug 26, 2021 | Sep 17, 2021 | £0.0250 | 5.62% |
| 3 | Apr 30, 2019 | May 09, 2019 | May 31, 2019 | £0.0100 | 1.72% |
| 4 | May 01, 2018 | May 10, 2018 | Jun 01, 2018 | £0.0950 | 12.79% |
| 5 | Apr 24, 2017 | Oct 05, 2017 | May 29, 2017 | £0.100 | 12.03% |
FAQ
Click here for our free guide on how to buy Symphony International Hldgs Ltd Stock.
