Syncona Ltd GBP Stock Forecast
Syncona Ltd GBP stock price ended at £127.00 on Thursday, after gaining 0.794%.
(Updated on Apr 25, 2024)
The Syncona Ltd GBP stock price gained 0.794% on the last trading day (Thursday, 25th Apr 2024), rising from £126.00 to £127.00. During the last trading day the stock fluctuated 2.58% from a day low at £124.00 to a day high of £127.20. The price has risen in 6 of the last 10 days and is up by 4.96% over the past 2 weeks. Volume fell on the last day by -954 thousand shares and in total, 212 thousand shares were bought and sold for approximately £26.91 million. 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 middle of a wide and 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 4.27% during the next 3 months and, with a 90% probability hold a price between £123.37 and £138.64 at the end of this 3-month period.
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SYNC.L Signals & Forecast
Mostly positive signals in the chart today. The Syncona Ltd GBP 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 £124.54 and £124.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 8.55%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Syncona Ltd GBP stock
Syncona Ltd GBP finds support from accumulated volume at £122.80 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 £3.20 (2.58%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
The Syncona Ltd GBP stock is extremely overbought on RSI14 (92). This increases the short-term risk substantially.
Our recommended stop-loss: £122.17 (-3.81%) (This stock has low daily movements and this gives low risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SYNC.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Syncona Ltd GBP to open at £126.07, and during the day (based on 14 day Average True Range), to move between £124.42 and £129.58, which gives a possible trading interval of +/-£2.58 (+/-2.03%) up or down from last closing price. If Syncona Ltd GBP takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £128.20 (0.94%) than the support at £122.80 (3.31%), 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 Syncona Ltd GBP 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 Syncona Ltd GBP stock to perform well in the short-term.
Current score: 1.481 Buy Candidate Unchanged
Predicted Opening Price for Syncona Ltd GBP of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £126.07 ( 0.735%) | £127.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SYNC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 129.27 | 1.78 % | |
| R2 | 128.04 | 0.82 % | ||
| R1 | 127.29 | 0.228 % | ||
| Current price: | 127.00 | |||
| Support | S1 | 124.84 | -1.70 % | |
| S2 | 124.09 | -2.29 % | ||
| S3 | 122.87 | -3.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.60 | 2.83 % | |
| R2 | 129.20 | 1.73 % | ||
| R1 | 128.20 | 0.94 % | ||
| Current price | 127.00 | |||
| Support | S1 | 122.80 | -3.31% | |
| S2 | 121.00 | -4.72% | ||
| S3 | 120.00 | -5.51% |
SYNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2019 | Jun 20, 2019 | Jul 29, 2019 | £2.30 | 0.90% |
| 2 | Jun 14, 2018 | Jun 21, 2018 | Jul 30, 2018 | £2.30 | 0.93% |
| 3 | Jul 06, 2017 | Jul 20, 2017 | Aug 23, 2017 | £2.30 | 1.45% |
| 4 | Jul 05, 2016 | Jul 14, 2016 | Aug 19, 2016 | £2.20 | 1.73% |
| 5 | Jul 07, 2015 | Jul 16, 2015 | Aug 19, 2015 | £2.10 | 1.62% |
FAQ
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