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 SKG.L
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Green day on Wednesday for Smurfit Kappa Group Plc stock after gaining 0.443%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 5.90% PDF

The Smurfit Kappa Group Plc stock price gained 0.443% on the last trading day (Wednesday, 27th Mar 2024), rising from £3,612.00 to £3,628.00. During the last trading day the stock fluctuated 1.84% from a day low at £3,596.00 to a day high of £3,662.00. The price has risen in 7 of the last 10 days and is up by 5.65% over the past 2 weeks. Volume fell on the last day by -41 thousand shares and in total, 283 thousand shares were bought and sold for approximately £1.02 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £3,529.36, a level that may pose a second chance to hit a runner. According to fan-theory £3,817.29 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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SKG.L Signals & Forecast

The Smurfit Kappa Group 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 £3,595.71 and £3,360.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 02, 2024, and so far it has risen 26.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Smurfit Kappa Group Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £3,088.00 and £2,880.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Smurfit Kappa Group Plc finds support just below today's level at £3,088.00. If this is broken, then the next support from accumulated volume will be at £2,880.00 and £2,862.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £66.00 between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 1.46%.

The Smurfit Kappa Group Plc stock is extremely overbought on RSI14 (92). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: £3,531.50 (-2.66%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 38 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Smurfit Kappa Group Plc to open at £3,628.67, and during the day (based on 14 day Average True Range), to move between £3,565.68 and £3,690.32, which gives a possible trading interval of +/-£62.32 (+/-1.72%) up or down from last closing price. If Smurfit Kappa Group Plc takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £3,088.00, some £540.00 (14.88%) from the current price of £3,628.00, our system finds the risk reward attractive.

Is Smurfit Kappa Group Plc stock A Buy?

Smurfit Kappa Group 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Smurfit Kappa Group Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£3,628.67 ( 0.0184%) £3,628.00

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

Trading levels for SKG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3,694.67 1.84 %
R2 3,669.45 1.14 %
R1 3,653.88 0.713 %
Current price: 3,628.00
Support S1 3,603.45 -0.677 %
S2 3,587.88 -1.11 %
S3 3,562.67 -1.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3,628.00
Support S1 3,088.00 -14.88%
S2 2,880.00 -20.62%
S3 2,862.00 -21.11%

SKG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 11, 2024 Apr 11, 2024 May 10, 2024 £101.09 2.79%
2 Feb 08, 2023 Apr 13, 2023 May 12, 2023 £107.60 3.61%
3 Jul 27, 2022 Sep 29, 2022 Oct 28, 2022 £31.60 1.11%
4 Feb 09, 2022 Apr 07, 2022 May 06, 2022 £96.10 2.89%
5 Jul 28, 2021 Sep 23, 2021 Oct 22, 2021 £29.30 0.794%

FAQ

What is the symbol for Smurfit Kappa Group Plc Stock and on which exchange is it traded?
The symbol for Smurfit Kappa Group Plc is SKG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Smurfit Kappa Group Plc Stock?
Smurfit Kappa Group 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 Smurfit Kappa Group Plc Stock?
Smurfit Kappa Group 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 Smurfit Kappa Group Plc Stock.

What's the current price of Smurfit Kappa Group Plc Stock?
As of the end of day on the 2024-03-27, the price of an Smurfit Kappa Group Plc (SKG.L) share was £3,628.00.

What is the 52-week high and low for Smurfit Kappa Group Plc Stock?
The 52-week high for Smurfit Kappa Group Plc Stock is £3,662.00 and the 52-week low is £2,528.00.

What is the market capitalization of Smurfit Kappa Group Plc Stock?
As of the 2024-03-27, the market capitalization of Smurfit Kappa Group Plc is 9.403B.
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About Smurfit Kappa Group Plc

Smurfit Kappa Group Plc Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes. ... SKG.L Profile

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