Somero Enterprises Inc. Stock Forecast
Red day on Wednesday for Somero Enterprises Inc.
(Updated on Apr 24, 2024)
No changes to the price of Somero Enterprises Inc. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 2.43% from a day low at £331.92 to a day high of £340.00. The price has fallen in 5 of the last 10 days and is down by -10.9% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.34% during the next 3 months and, with a 90% probability hold a price between £279.79 and £367.58 at the end of this 3-month period.
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SOM.L Signals & Forecast
The Somero Enterprises Inc. 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 £334.14 and £332.96. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Tuesday, April 09, 2024, and so far it has fallen -11.38%. 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 Somero Enterprises Inc. stock
Somero Enterprises Inc. finds support from accumulated volume at £325.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £8.08 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOM.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Somero Enterprises Inc. to open at £335.64, and during the day (based on 14 day Average True Range), to move between £321.91 and £348.09, which gives a possible trading interval of +/-£13.09 (+/-3.91%) up or down from last closing price. If Somero Enterprises Inc. takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £325.00 (2.99%) than the resistance at £347.00 (3.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Somero Enterprises Inc. stock A Buy?
Somero Enterprises Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.230 Sell Candidate Unchanged
Predicted Opening Price for Somero Enterprises Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £335.64 ( 0.191%) | £335.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 343.72 | 2.60 % | |
| R2 | 340.63 | 1.68 % | ||
| R1 | 338.73 | 1.11 % | ||
| Current price: | 335.00 | |||
| Support | S1 | 332.55 | -0.730 % | |
| S2 | 330.65 | -1.30 % | ||
| S3 | 327.56 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 360.00 | 7.46 % | |
| R2 | 350.00 | 4.48 % | ||
| R1 | 347.00 | 3.58 % | ||
| Current price | 335.00 | |||
| Support | S1 | 325.00 | -2.99% | |
| S2 | 320.00 | -4.48% | ||
| S3 | 295.00 | -11.94% |
SOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 10, 2024 | £16.17 | 4.83% |
| 2 | Mar 08, 2023 | Apr 06, 2023 | May 05, 2023 | £25.48 | 7.72% |
| 3 | Sep 07, 2022 | Sep 22, 2022 | Oct 21, 2022 | £10.00 | 2.58% |
| 4 | Mar 09, 2022 | Apr 07, 2022 | May 06, 2022 | £19.70 | 4.93% |
| 5 | Sep 08, 2021 | Sep 23, 2021 | Oct 22, 2021 | £9.00 | 1.80% |
FAQ
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