Smartspace Software Plc Stock Forecast
Smartspace Software Plc stock price up 0.571% on Thursday
(Updated on Apr 18, 2024)
The Smartspace Software Plc stock price gained 0.571% on the last trading day (Thursday, 18th Apr 2024), rising from £87.50 to £88.00. During the last trading day the stock fluctuated 3.23% from a day low at £85.25 to a day high of £88.00. The price has risen in 5 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 138 thousand more shares were traded than the day before. In total, 139 thousand shares were bought and sold for approximately £12.20 million.
The stock lies in the upper part of a very wide and strong 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 £91.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.56% during the next 3 months and, with a 90% probability hold a price between £69.27 and £100.67 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.
SMRT.L Signals & Forecast
The Smartspace Software 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 £87.59 and £81.56. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 12, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Smartspace Software Plc stock
Smartspace Software Plc finds support from accumulated volume at £87.50 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 £2.75 between high and low, or 3.23%. For the last week the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: £84.48 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SMRT.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Smartspace Software Plc to open at £87.08, and during the day (based on 14 day Average True Range), to move between £84.03 and £91.97, which gives a possible trading interval of +/-£3.97 (+/-4.51%) up or down from last closing price. If Smartspace Software Plc takes out the full calculated possible swing range there will be an estimated 9.02% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £87.50, some £0.500 (0.57%) from the current price of £88.00, our system finds the risk reward attractive.
Is Smartspace Software Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Smartspace Software Plc stock to perform well in the short-term.
Current score: 3.754 Buy Candidate Unchanged
Predicted Opening Price for Smartspace Software Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £87.08 ( 1.04%) | £88.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMRT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.83 | 2.08 % | |
| R2 | 88.78 | 0.89 % | ||
| R1 | 88.13 | 0.152 % | ||
| Current price: | 88.00 | |||
| Support | S1 | 86.03 | -2.24 % | |
| S2 | 85.38 | -2.97 % | ||
| S3 | 84.33 | -4.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 88.00 | |||
| Support | S1 | 87.50 | -0.568% | |
| S2 | 87.00 | -1.14% | ||
| S3 | 86.50 | -1.70% |
FAQ
Click here for our free guide on how to buy Smartspace Software Plc Stock.
