CRH PLC Stock Forecast
Green day on Thursday for CRH PLC
(Updated on Mar 28, 2024)
The CRH PLC stock price gained 0.279% on the last trading day (Thursday, 28th Mar 2024), rising from $86.02 to $86.26. During the last trading day the stock fluctuated 1.31% from a day low at $85.62 to a day high of $86.74. The price has risen in 7 of the last 10 days and is up by 2.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $194.81 million.
The stock lies in the middle of a strong 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 33.67% during the next 3 months and, with a 90% probability hold a price between $111.85 and $117.53 at the end of this 3-month period.
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CRH Signals & Forecast
The CRH PLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $86.37. On a fall, the stock will find some support from the long-term average at approximately $81.28. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, March 26, 2024, and so far it has fallen -1.08%. 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 CRH PLC stock
CRH PLC finds support from accumulated volume at $84.31 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 $1.12 (1.31%) between high and low. For the last week, the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: $82.89 (-3.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CRH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect CRH PLC to open at $86.21, and during the day (based on 14 day Average True Range), to move between $84.75 and $87.77, which gives a possible trading interval of +/-$1.51 (+/-1.75%) up or down from last closing price. If CRH PLC takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $86.34 (0.09%) than the support at $84.31 (2.26%), 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 CRH 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 CRH PLC stock to perform well in the short-term.
Current score: 2.304 Buy Candidate Unchanged
Predicted Opening Price for CRH PLC of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$86.21 ( 0.0618%) | $86.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 87.33 | 1.24 % | |
R2 | 86.90 | 0.741 % | ||
R1 | 86.63 | 0.434 % | ||
Current price: | 86.26 | |||
Support | S1 | 85.78 | -0.558 % | |
S2 | 85.51 | -0.86 % | ||
S3 | 85.09 | -1.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 87.20 | 1.09 % | |
R2 | 86.94 | 0.788 % | ||
R1 | 86.34 | 0.0927 % | ||
Current price | 86.26 | |||
Support | S1 | 84.31 | -2.26% | |
S2 | 82.55 | -4.30% | ||
S3 | 79.32 | -8.05% |
CRH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 14, 2024 | Apr 17, 2024 | $0.262 | 0.304% |
2 | Nov 21, 2023 | Dec 14, 2023 | Jan 17, 2024 | $0.81 | 1.19% |
3 | Aug 24, 2023 | Oct 19, 2023 | Nov 22, 2023 | $0.190 | 0.310% |
4 | Mar 06, 2023 | Mar 16, 2023 | May 11, 2023 | $1.03 | 2.07% |
5 | Aug 29, 2022 | Sep 08, 2022 | Oct 14, 2022 | $0.240 | 0.753% |
FAQ
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