Spirax-Sarco Engineering plc Stock Forecast
Spirax-Sarco Engineering plc stock price ended at £10,100.00 on Wednesday, after losing 2.04%.
(Updated on Mar 27, 2024)
The Spirax-Sarco Engineering plc stock price fell by -2.04% on the last day (Wednesday, 27th Mar 2024) from £10,310.00 to £10,100.00. During the last trading day the stock fluctuated 3.84% from a day low at £9,958.00 to a day high of £10,340.00. The price has fallen in 7 of the last 10 days and is down by -5.65% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -467 thousand shares and in total, 78 thousand shares were bought and sold for approximately £787.41 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £10,107.71. A reaction back to this level may hold a second chance to get out before further falls.
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SPX.L Signals & Forecast
There are few to no technical positive signals at the moment. The Spirax-Sarco Engineering plc 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 £10,342.14 and £10,363.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -5.92%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Spirax-Sarco Engineering plc stock
Spirax-Sarco Engineering plc finds support from accumulated volume at £9,996.00 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 £382.00 between high and low, or 3.84%. For the last week the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPX.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Spirax-Sarco Engineering plc to open at £10,132.67, and during the day (based on 14 day Average True Range), to move between £9,875.80 and £10,324.20, which gives a possible trading interval of +/-£224.20 (+/-2.22%) up or down from last closing price. If Spirax-Sarco Engineering plc takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £9,996.00 (1.03%) than the resistance at £10,270.00 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Spirax-Sarco Engineering plc stock A Buy?
The Spirax-Sarco Engineering plc stock holds several negative signals and despite the positive trend, we believe Spirax-Sarco Engineering plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.849 Sell Candidate Unchanged
Predicted Opening Price for Spirax-Sarco Engineering plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£10,132.67 ( 0.323%) | £10,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPX.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10,514.67 | 4.11 % | |
R2 | 10,368.74 | 2.66 % | ||
R1 | 10,278.59 | 1.77 % | ||
Current price: | 10,100.00 | |||
Support | S1 | 9,986.74 | -1.12 % | |
S2 | 9,896.59 | -2.01 % | ||
S3 | 9,750.67 | -3.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10,325.00 | 2.23 % | |
R2 | 10,310.00 | 2.08 % | ||
R1 | 10,270.00 | 1.68 % | ||
Current price | 10,100.00 | |||
Support | S1 | 9,996.00 | -1.03% | |
S2 | 9,970.00 | -1.29% | ||
S3 | 9,622.00 | -4.73% |
SPX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | Apr 25, 2024 | May 24, 2024 | £114.00 | 1.13% |
2 | Mar 09, 2023 | Apr 20, 2023 | May 19, 2023 | £109.50 | 0.97% |
3 | Aug 11, 2022 | Oct 13, 2022 | Nov 11, 2022 | £42.50 | 0.358% |
4 | Mar 10, 2022 | Apr 21, 2022 | May 20, 2022 | £97.50 | 0.94% |
5 | Aug 11, 2021 | Oct 14, 2021 | Nov 12, 2021 | £38.50 | 0.226% |
FAQ
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