Expansys Plc Stock Forecast
Red day on Tuesday for Expansys Plc
(Updated on Apr 16, 2024)
The Expansys Plc stock price fell by -1.16% on the last day (Tuesday, 16th Apr 2024) from £259.00 to £256.00. During the last trading day the stock fluctuated 1.97% from a day low at £254.00 to a day high of £259.00. The price has risen in 5 of the last 10 days and is up by 9.87% 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 -1 million shares and in total, 298 thousand shares were bought and sold for approximately £76.25 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £262.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.74% during the next 3 months and, with a 90% probability hold a price between £276.47 and £316.87 at the end of this 3-month period.
XPS.L Signals & Forecast
The Expansys 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 £246.86 and £234.34. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -1.92%. Further fall is indicated until a new bottom pivot has been found. 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 Expansys Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £240.00 and £230.00. 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, Expansys Plc finds support just below today's level at £240.00. If this is broken, then the next support from accumulated volume will be at £230.00 and £205.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £5.00 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 5.13%.
Our recommended stop-loss: £244.71 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (XPS.L) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Expansys Plc to open at £256.33, and during the day (based on 14 day Average True Range), to move between £247.60 and £264.40, which gives a possible trading interval of +/-£8.40 (+/-3.28%) up or down from last closing price. If Expansys Plc takes out the full calculated possible swing range there will be an estimated 6.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £259.00 (1.17%) than the support at £240.00 (6.25%), 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 Expansys 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 Expansys Plc stock to perform well in the short-term.
Current score: 3.191 Buy Candidate Unchanged
Predicted Opening Price for Expansys Plc of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| £256.33 ( 0.130%) | £256.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 261.33 | 2.08 % | |
| R2 | 259.42 | 1.34 % | ||
| R1 | 258.24 | 0.88 % | ||
| Current price: | 256.00 | |||
| Support | S1 | 254.42 | -0.616 % | |
| S2 | 253.24 | -1.08 % | ||
| S3 | 251.33 | -1.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 261.00 | 1.95 % | ||
| R1 | 259.00 | 1.17 % | ||
| Current price | 256.00 | |||
| Support | S1 | 240.00 | -6.25% | |
| S2 | 230.00 | -10.16% | ||
| S3 | 205.00 | -19.92% |
XPS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 11, 2024 | £0 | 0% |
| 2 | Nov 24, 2022 | Jan 05, 2023 | Feb 02, 2023 | £2.70 | 1.65% |
| 3 | Jun 23, 2022 | Aug 25, 2022 | Sep 22, 2022 | £4.80 | 3.75% |
| 4 | Nov 25, 2021 | Jan 06, 2022 | Feb 03, 2022 | £2.40 | 1.70% |
| 5 | Jun 24, 2021 | Aug 26, 2021 | Sep 23, 2021 | £4.40 | 2.90% |
FAQ
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