Serica Energy PLC Stock Forecast
Red day on Friday for Serica Energy PLC stock after losing 0.258%
(Updated on Apr 19, 2024)
The Serica Energy PLC stock price fell by -0.258% on the last day (Friday, 19th Apr 2024) from £193.50 to £193.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.23% from a day low at £189.00 to a day high of £197.00. The price has fallen in 6 of the last 10 days and is down by -0.41% for this period. Volume has increased on the last day by 294 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 781 thousand shares were bought and sold for approximately £150.76 million.
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 -4.23% during the next 3 months and, with a 90% probability hold a price between £160.21 and £197.34 at the end of this 3-month period.
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SQZ.L Signals & Forecast
The Serica Energy PLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £199.79. On a fall, the stock will find some support from the long-term average at approximately £186.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -6.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Serica Energy PLC stock
Serica Energy PLC finds support from accumulated volume at £188.50 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 £8.00 between high and low, or 4.23%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SQZ.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Serica Energy PLC to open at £193.00, and during the day (based on 14 day Average True Range), to move between £186.93 and £199.07, which gives a possible trading interval of +/-£6.07 (+/-3.15%) up or down from last closing price. If Serica Energy PLC takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £195.60 (1.35%) than the support at £188.50 (2.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Serica Energy PLC will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for Serica Energy PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.49% in the first trading day after earnings release.
Is Serica Energy PLC stock A Buy?
Serica Energy PLC 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: -1.242 Sell Candidate Unchanged
Predicted Opening Price for Serica Energy PLC of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £193.00 ( 0%) | £193.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SQZ.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 201.00 | 4.15 % | |
| R2 | 197.94 | 2.56 % | ||
| R1 | 196.06 | 1.58 % | ||
| Current price: | 193.00 | |||
| Support | S1 | 189.94 | -1.58 % | |
| S2 | 188.06 | -2.56 % | ||
| S3 | 185.00 | -4.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 201.20 | 4.25 % | |
| R2 | 200.40 | 3.83 % | ||
| R1 | 195.60 | 1.35 % | ||
| Current price | 193.00 | |||
| Support | S1 | 188.50 | -2.33% | |
| S2 | 179.00 | -7.25% | ||
| S3 | 178.00 | -7.77% |
SQZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £14.00 | 6.74% |
| 2 | Sep 27, 2022 | Oct 27, 2022 | Nov 25, 2022 | £8.00 | 2.61% |
| 3 | Apr 21, 2022 | Jun 30, 2022 | Jul 22, 2022 | £9.00 | 2.52% |
| 4 | Apr 15, 2021 | Jun 24, 2021 | Jul 23, 2021 | £3.50 | 2.31% |
| 5 | Apr 23, 2020 | Jun 25, 2020 | Jul 24, 2020 | £3.00 | 2.54% |
FAQ
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