Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SRP.L
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Red day on Wednesday for Serco Group plc stock after losing 0.158%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Dec 01, 2023 Gain 19.60% PDF

The Serco Group plc stock price fell by -0.158% on the last day (Wednesday, 27th Mar 2024) from £189.50 to £189.20. During the last trading day the stock fluctuated 0.742% from a day low at £188.70 to a day high of £190.10. The price has risen in 6 of the last 10 days and is up by 2.49% over the past 2 weeks. 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 -2 million shares and in total, 2 million shares were bought and sold for approximately £307.30 million.

The stock lies in the middle of a narrow and strong 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 17.42% during the next 3 months and, with a 90% probability hold a price between £218.78 and £225.96 at the end of this 3-month period.

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SRP.L Signals & Forecast

The Serco Group plc 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 £186.99 and £183.67. A breakdown below any of these levels will issue sell signals. 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, March 26, 2024, and so far it has fallen -0.158%. 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.

Support, Risk & Stop-loss for Serco Group plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £175.00 and £173.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Serco Group plc finds support just below today's level at £175.00. If this is broken, then the next support from accumulated volume will be at £173.50 and £166.80.

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 £1.40 between high and low, or 0.742%. For the last week the stock has had daily average volatility of 2.45%.

Our recommended stop-loss: £181.67 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SRP.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Serco Group plc to open at £189.33, and during the day (based on 14 day Average True Range), to move between £185.09 and £193.31, which gives a possible trading interval of +/-£4.11 (+/-2.17%) up or down from last closing price. If Serco Group plc takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £189.50 (0.16%) than the support at £175.00 (7.51%), 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.

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.

Current score: 3.264 Buy Candidate Unchanged

Predicted Opening Price for Serco Group plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£189.33 ( 0.0705%) £189.20

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 190.73 0.81 %
R2 190.20 0.528 %
R1 189.87 0.353 %
Current price: 189.20
Support S1 188.80 -0.212 %
S2 188.47 -0.387 %
S3 187.93 -0.669 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 189.50 0.159 %
Current price 189.20
Support S1 175.00 -7.51%
S2 173.50 -8.30%
S3 166.80 -11.84%

SRP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 18, 2024 Apr 18, 2024 May 10, 2024 £2.27 1.20%
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

What is the symbol for Serco Group plc Stock and on which exchange is it traded?
The symbol for Serco Group plc is SRP.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Serco Group plc Stock?
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.

How to buy Serco Group plc Stock?
Serco Group plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Serco Group plc Stock.

What's the current price of Serco Group plc Stock?
As of the end of day on the 2024-03-27, the price of an Serco Group plc (SRP.L) share was £189.20.

What is the 52-week high and low for Serco Group plc Stock?
The 52-week high for Serco Group plc Stock is £193.10 and the 52-week low is £135.30.

What is the market capitalization of Serco Group plc Stock?
As of the 2024-03-27, the market capitalization of Serco Group plc is 2.06B.

When is the next earnings date for Serco Group plc?
The upcoming earnings date for Serco Group plc is Aug 01, 2024.
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About Serco Group plc

Serco Group plc Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. The company offers base and operational support engineering, and management and information, as well as nuclear, space, and maritime services for the defense sector; and custodial, immigration detention, and detainee transport and monitoring services for the justice and immigration sectors. It also provides rail, ferry, an... SRP.L Profile

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