SERCO GROUP PLC (SRP.L) Stock Technical Analysis
LON:SRP - London Stock Exchange, The - GB0007973794 - Common Stock - Currency: GBX
Taking everything into account, SRP scores 6 out of 10 in our technical rating. In the past year, SRP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, SRP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 165.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 162.28, a Stop Loss order could be placed below this zone.
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139.59
4 important support areas can be observed.
- A support zone ranging from 158.99 to 162.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @151.30 from a horizontal line in the daily time frame.
- Support @147.09 from a horizontal line in the daily time frame.
- A support zone ranging from 141.00 to 144.07. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 165.01 to 166.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @176.95 from a horizontal line in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 166.02 | 158.98 | 7.04 (4.24%) | 23.58% |
| An entry @166.02. This is a Buy Stop order right above the resistance zone. | An exit @158.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.04 points, which is 4.24%. | For a 1.00% total portfolio risk, you can invest 23.58% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:SRP (3/7/2025, 5:35:30 PM)
165
-1 (-0.6%)