SEGRO Plc Stock (LSE: SGRO) Price Analysis and Prediction

• SEGRO (Slough Estates Group) is a British property investment and development company.
• SGRO was founded in 1920 by Percival Perry and Sir Noel Mobbs.
• In this article, we will analyze the SGRO stock price.

SGRO is in an uptrend in the yearly time frame. It is very good for long-term investment purposes. The stock can continue its uptrend by taking support from the trend line.

Since the SGRO stock is a real estate investment trust, it can soon give better returns because of the trend. 

Moreover, we will analyze the stock in the yearly, monthly, weekly, and daily time frames. 

Technical Analysis of the SGRO Stock (Yearly)

In the yearly time frame, we can observe that the stock is in an uptrend. Investors can gain appealing returns from a long-term investment in the stock. The stock is making new higher highs and higher lows. It is an indication of an upward move. 

There was a continuous pattern of three white soldiers indicating that the upward move would continue and it did. The bearish engulfing may indicate some retraction in the stock. All in all, the stock is good for a long-term investment.  

Technical Analysis of the SGRO Stock (Monthly)

In the monthly time frame, there is an opportunity for investors to invest and earn impressive returns. The stock can take support from the nearest trend line and continue its uptrend. The stock is perfect for long-term and medium-term investments. Since it’s in an upward trend, the returns can be higher. 

Investors can use trailing stop loss to make sure to sort profit without the fear of loss. The trailing stop loss is a method used when the price starts falling and the profit starts decreasing. It is applied to make bare minimum profits, when the stock is retracing.

Technical Analysis of the SGRO Stock (Weekly)

In the weekly time frame, swing traders can invest near the current market price as the stock is making support at GBP- 7.04. It can give up movement due to multiple supports present at that level. 

Technical Analysis of the SGRO Stock (Daily)

In the daily time frame, the stock is making an upward move. There are multiple support levels near the current market price. Essentially, the SGRO share can be used for short-term, long term and medium-term investments. The retracement is a part of the stock movement. It cannot always give up movement. Some corrections may occur. There are buyers who boost the price and sellers who bring the price down. 

Conclusion

The SGRO share is in an uptrend position in the yearly, monthly, weekly, and daily time frame. So, it is very much a good stock for positional or swing trading. The daily time frame reveals it is in the uptrend and traders would love to invest in this share.

Levels

Resistance Level- GBP- 12.565 and GBP- 12.410

Support Level- GBP- 7.006 and GBP- 6.542

Disclaimer

The analysis is done to provide information through technical analysis and no investment suggestions are given in the article.