Serco Group plc Stock Forecast
Stronger technical forecast for Serco Group plc stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Serco Group plc stock price gained 1.00% on the last trading day (Thursday, 25th Apr 2024), rising from £179.60 to £181.40. During the last trading day the stock fluctuated 2.82% from a day low at £177.00 to a day high of £182.00. The price has been going up and down for this period, and there has been a -2.47% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately £873.68 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.21% during the next 3 months and, with a 90% probability hold a price between £186.25 and £199.91 at the end of this 3-month period.
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SRP.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.85%. Further rise is indicated until a new top pivot has been found. 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. The Serco Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £184.91. On a fall, the stock will find some support from the short-term average at £180.33. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Serco Group plc stock
Serco Group plc finds support from accumulated volume at £179.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £5.00 (2.82%) between high and low. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: £171.13 (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SRP.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Serco Group plc to open at £180.13, and during the day (based on 14 day Average True Range), to move between £177.36 and £185.44, which gives a possible trading interval of +/-£4.04 (+/-2.23%) up or down from last closing price. If Serco Group plc takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £179.80 (0.88%) than the resistance at £183.60 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Serco Group 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 Serco Group plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.644 Buy Candidate Upgraded
Predicted Opening Price for Serco Group plc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
£180.13 ( 0.698%) | £181.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRP.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 185.13 | 2.06 % | |
R2 | 183.22 | 1.01 % | ||
R1 | 182.04 | 0.355 % | ||
Current price: | 181.40 | |||
Support | S1 | 178.22 | -1.75 % | |
S2 | 177.04 | -2.40 % | ||
S3 | 175.13 | -3.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 186.80 | 2.98 % | |
R2 | 186.00 | 2.54 % | ||
R1 | 183.60 | 1.21 % | ||
Current price | 181.40 | |||
Support | S1 | 179.80 | -0.88% | |
S2 | 174.80 | -3.64% | ||
S3 | 173.50 | -4.36% |
SRP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 10, 2024 | £2.27 | 1.25% |
2 | Feb 28, 2023 | May 11, 2023 | Jun 09, 2023 | £1.92 | 1.34% |
3 | Aug 04, 2022 | Sep 08, 2022 | Oct 06, 2022 | £0.94 | 0.601% |
4 | Feb 24, 2022 | May 12, 2022 | Jun 07, 2022 | £1.61 | 0.89% |
5 | Aug 05, 2021 | Sep 16, 2021 | Oct 12, 2021 | £0.80 | 0.643% |
FAQ
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