Serco Group plc Stock Forecast
Green day on Monday for Serco Group plc
(Updated on Apr 22, 2024)
The Serco Group plc stock price gained 1.28% on the last trading day (Monday, 22nd Apr 2024), rising from £179.10 to £181.40. During the last trading day the stock fluctuated 2.08% from a day low at £178.30 to a day high of £182.00. The price has been going up and down for this period, and there has been a -2.47% loss for the last 2 weeks. Volume fell on the last day by -588 thousand shares and in total, 969 thousand shares were bought and sold for approximately £175.79 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 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 6.13% during the next 3 months and, with a 90% probability hold a price between £189.40 and £203.99 at the end of this 3-month period.
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SRP.L Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Serco Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £181.63 and £185.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -4.38%. 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).
Support, Risk & Stop-loss for Serco Group plc stock
Serco Group plc finds support from accumulated volume at £179.80 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 £3.70 between high and low, or 2.08%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRP.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Serco Group plc to open at £180.57, and during the day (based on 14 day Average True Range), to move between £177.35 and £185.45, which gives a possible trading interval of +/-£4.05 (+/-2.23%) up or down from last closing price. If Serco Group plc takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £179.80 (0.88%) than the resistance at £183.60 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Serco Group plc stock A Buy?
The Serco Group plc stock holds several negative signals and despite the positive trend, we believe Serco Group plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.145 Sell Candidate Unchanged
Predicted Opening Price for Serco Group plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £180.57 ( 0.459%) | £181.40 |
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 | 184.27 | 1.58 % | |
| R2 | 182.85 | 0.80 % | ||
| R1 | 181.98 | 0.320 % | ||
| Current price: | 181.40 | |||
| Support | S1 | 179.15 | -1.24 % | |
| S2 | 178.28 | -1.72 % | ||
| S3 | 176.87 | -2.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 186.80 | 2.98 % | |
| R2 | 186.00 | 2.54 % | ||
| R1 | 183.60 | 1.21 % | ||
| Current price | 181.40 | |||
| Support | S1 | 179.80 | -0.88% | |
| S2 | 175.00 | -3.53% | ||
| S3 | 173.50 | -4.36% |
SRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 10, 2024 | £2.27 | 1.25% |
| 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
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