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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 SYM.L
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Green day on Friday for Symphony Environmental Technologies Plc
(Updated on Mar 15, 2024)

Sell candidate since Mar 11, 2024 Gain 3.85% PDF

The Symphony Environmental Technologies Plc stock price gained 3.85% on the last trading day (Friday, 15th Mar 2024), rising from £2.60 to £2.70. During the last trading day the stock fluctuated 8.00% from a day low at £2.50 to a day high of £2.70. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks. Volume fell on the last day by -265 thousand shares and in total, 70 thousand shares were bought and sold for approximately £189.20 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £2.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -25.62% during the next 3 months and, with a 90% probability hold a price between £1.68 and £4.06 at the end of this 3-month period.

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SYM.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 14.89%. 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. The Symphony Environmental Technologies 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 £3.17. On a fall, the stock will find some support from the short-term average at £2.60. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Symphony Environmental Technologies Plc stock

Symphony Environmental Technologies Plc finds support from accumulated volume at £2.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.200 between high and low, or 8.00%. For the last week the stock has had daily average volatility of 15.20%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SYM.L) For The Upcoming Trading Day Of Monday 18th

For the upcoming trading day on Monday, 18th we expect Symphony Environmental Technologies Plc to open at £2.63, and during the day (based on 14 day Average True Range), to move between £2.37 and £3.03, which gives a possible trading interval of +/-£0.332 (+/-12.29%) up or down from last closing price. If Symphony Environmental Technologies Plc takes out the full calculated possible swing range there will be an estimated 24.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £2.75 (1.85%) than the support at £2.60 (3.70%), 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 Symphony Environmental Technologies Plc stock A Buy?

Symphony Environmental Technologies 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: -3.886 Sell Candidate Unchanged

Predicted Opening Price for Symphony Environmental Technologies Plc of Monday, March 18, 2024

Fair opening price March 18, 2024 Current price
£2.63 ( 2.47%) £2.70

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SYM.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.83 4.94 %
R2 2.76 2.11 %
R1 2.71 0.360 %
Current price: 2.70
Support S1 2.56 -5.30 %
S2 2.51 -7.05 %
S3 2.43 -9.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.25 20.37 %
R2 3.18 17.59 %
R1 2.75 1.85 %
Current price 2.70
Support S1 2.60 -3.70%
S2 2.43 -10.19%
S3 2.35 -12.96%

FAQ

What is the symbol for Symphony Environmental Technologies Plc Stock and on which exchange is it traded?
The symbol for Symphony Environmental Technologies Plc is SYM.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Symphony Environmental Technologies Plc Stock?
Symphony Environmental Technologies 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.

How to buy Symphony Environmental Technologies Plc Stock?
Symphony Environmental Technologies 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 Symphony Environmental Technologies Plc Stock.

What's the current price of Symphony Environmental Technologies Plc Stock?
As of the end of day on the 2024-03-15, the price of an Symphony Environmental Technologies Plc (SYM.L) share was £2.70.

What is the 52-week high and low for Symphony Environmental Technologies Plc Stock?
The 52-week high for Symphony Environmental Technologies Plc Stock is £10.00 and the 52-week low is £2.10.

What is the market capitalization of Symphony Environmental Technologies Plc Stock?
As of the 2024-03-15, the market capitalization of Symphony Environmental Technologies Plc is 4.99M.

When is the next earnings date for Symphony Environmental Technologies Plc?
The upcoming earnings date for Symphony Environmental Technologies Plc is Jun 05, 2024.
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About Symphony Environmental Technologies Plc

Symphony Environmental Technologies Plc Symphony Environmental Technologies plc, together with its subsidiaries, develops and supplies environmental plastic additives and masterbatches in the United Kingdom, Europe, North America, Central and South America, the Middle East, and Asia. The company offers d2w, an oxo-biodegradable plastic; d2p, an antimicrobial technology for a suite of masterbatches, which provides protection to plastic products from bacteria, insects, fungi, algae, odou... SYM.L Profile

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