S&U plc Stock Forecast
Weaker technical forecast for S&U plc as stock downgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The S&U plc stock price fell by -1.31% on the last day (Thursday, 25th Apr 2024) from £1,915.00 to £1,890.00. During the last trading day the stock fluctuated 3.56% from a day low at £1,825.00 to a day high of £1,890.00. The price has been going up and down for this period, and there has been a 3.85% gain for the last 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 -15 thousand shares and in total, 1 thousand shares were bought and sold for approximately £2.49 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 -8.32% during the next 3 months and, with a 90% probability hold a price between £1,543.16 and £1,786.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SUS.L Signals & Forecast
The S&U 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 £1,881.07 and £1,847.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 5.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 S&U plc stock
S&U plc finds support from accumulated volume at £1,830.00 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 £65.00 between high and low, or 3.56%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: £1,815.91 (-3.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (SUS.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect S&U plc to open at £1,868.33, and during the day (based on 14 day Average True Range), to move between £1,829.68 and £1,950.32, which gives a possible trading interval of +/-£60.32 (+/-3.19%) up or down from last closing price. If S&U plc takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,915.00 (1.32%) than the support at £1,830.00 (3.17%), 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 S&U plc stock A Buy?
S&U plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.589 Hold/Accumulate Downgraded
Predicted Opening Price for S&U plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £1,868.33 ( 1.15%) | £1,890.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,933.33 | 2.29 % | |
| R2 | 1,908.50 | 0.98 % | ||
| R1 | 1,893.16 | 0.167 % | ||
| Current price: | 1,890.00 | |||
| Support | S1 | 1,843.50 | -2.46 % | |
| S2 | 1,828.16 | -3.27 % | ||
| S3 | 1,803.33 | -4.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,060.00 | 8.99 % | |
| R2 | 1,935.00 | 2.38 % | ||
| R1 | 1,915.00 | 1.32 % | ||
| Current price | 1,890.00 | |||
| Support | S1 | 1,830.00 | -3.17% | |
| S2 | 1,820.00 | -3.70% | ||
| S3 | 1,810.00 | -4.23% |
SUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jul 12, 2024 | £50.00 | 2.65% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 08, 2024 | £35.00 | 1.91% |
| 3 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | £35.00 | 1.63% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £60.00 | 2.60% |
| 5 | Feb 09, 2023 | Feb 16, 2023 | Mar 10, 2023 | £38.00 | 1.64% |
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