Spectra Systems Corporation Stock Forecast
Spectra Systems Corporation stock price down 0% on Tuesday
(Updated on Apr 23, 2024)
No changes to the price of Spectra Systems Corporation stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 0.702% from a day low at £216.48 to a day high of £218.00. The price has fallen in 4 of the last 10 days and is down by -4.57% for this period.
The stock lies in the middle of a 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 -3.73% during the next 3 months and, with a 90% probability hold a price between £198.08 and £218.56 at the end of this 3-month period.
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SPSY.L Signals & Forecast
There are mixed signals in the stock today. The Spectra Systems Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £220.43 and £220.56. A break-up above any of these levels will issue buy signals. 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". A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Spectra Systems Corporation stock
Spectra Systems Corporation finds support from accumulated volume at £217.55 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 £1.52 between high and low, or 0.702%. For the last week the stock has had daily average volatility of 2.44%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPSY.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Spectra Systems Corporation to open at £217.49, and during the day (based on 14 day Average True Range), to move between £211.92 and £224.08, which gives a possible trading interval of +/-£6.08 (+/-2.79%) up or down from last closing price. If Spectra Systems Corporation takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £217.55 (0.21%) than the resistance at £224.00 (2.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Spectra Systems Corporation stock A Buy?
Spectra Systems Corporation 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: -3.093 Sell Candidate Unchanged
Predicted Opening Price for Spectra Systems Corporation of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
£217.49 ( 0.232%) | £218.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPSY.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 219.01 | 0.465 % | |
R2 | 218.43 | 0.198 % | ||
R1 | 218.07 | 0.0339 % | ||
Current price: | 218.00 | |||
Support | S1 | 216.91 | -0.499 % | |
S2 | 216.55 | -0.663 % | ||
S3 | 215.97 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 227.00 | 4.13 % | |
R2 | 225.00 | 3.21 % | ||
R1 | 224.00 | 2.75 % | ||
Current price | 218.00 | |||
Support | S1 | 217.55 | -0.206% | |
S2 | 216.04 | -0.90% | ||
S3 | 211.00 | -3.21% |
SPSY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 04, 2024 | Jun 04, 2024 | Jun 23, 2024 | £9.18 | 4.21% |
2 | Mar 21, 2022 | Jun 01, 2022 | Jun 24, 2022 | £11.00 | 8.18% |
3 | Mar 22, 2021 | Jun 03, 2021 | Jun 25, 2021 | £9.50 | 5.72% |
4 | Mar 23, 2020 | Jun 04, 2020 | Jun 26, 2020 | £9.00 | 7.50% |
5 | Mar 25, 2019 | Jun 06, 2019 | Jun 28, 2019 | £7.00 | 5.20% |
FAQ
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