RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of INCH.L
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Inchcape plc stock price ended at £724.50 on Wednesday, after gaining 1.83%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 7.97% PDF

The Inchcape plc stock price gained 1.83% on the last trading day (Wednesday, 27th Mar 2024), rising from £711.50 to £724.50. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.19% from a day low at £709.00 to a day high of £724.50. The price has risen in 8 of the last 10 days and is up by 13.56% over the past 2 weeks. Volume fell on the last day by -204 thousand shares and in total, 516 thousand shares were bought and sold for approximately £373.99 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.

Given the current short-term trend, the stock is expected to fall -6.22% during the next 3 months and, with a 90% probability hold a price between £574.24 and £679.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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INCH.L Signals & Forecast

Mostly positive signals in the chart today. The Inchcape 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 £685.93 and £662.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 16.01%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Inchcape plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £680.00 and £664.50. 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, Inchcape plc finds support just below today's level at £680.00. If this is broken, then the next support from accumulated volume will be at £664.50 and £642.50.

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 £15.50 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 2.85%.

The Inchcape plc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Inchcape plc has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: £698.86 (-3.54%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (INCH.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Inchcape plc to open at £719.33, and during the day (based on 14 day Average True Range), to move between £705.02 and £743.98, which gives a possible trading interval of +/-£19.48 (+/-2.69%) up or down from last closing price. If Inchcape plc takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £680.00, some £44.50 (6.14%) from the current price of £724.50, our system finds the risk reward attractive.

Is Inchcape plc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.756 Buy Candidate Unchanged

Predicted Opening Price for Inchcape plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£719.33 ( 0.713%) £724.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for INCH.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 734.83 1.43 %
R2 728.91 0.609 %
R1 725.25 0.104 %
Current price: 724.50
Support S1 713.41 -1.53 %
S2 709.75 -2.04 %
S3 703.83 -2.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 724.50
Support S1 680.00 -6.14%
S2 664.50 -8.28%
S3 642.50 -11.32%

INCH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 02, 2024 May 02, 2024 Jun 17, 2024 £24.30 3.35%
2 Aug 03, 2023 Aug 03, 2023 Aug 03, 2023 £9.60 1.20%
3 May 11, 2023 May 11, 2023 May 11, 2023 £21.30 2.77%
4 Jul 28, 2022 Aug 04, 2022 Sep 02, 2022 £7.50 1.00%
5 Feb 24, 2022 May 12, 2022 Jun 21, 2022 £16.10 2.22%

FAQ

What is the symbol for Inchcape plc Stock and on which exchange is it traded?
The symbol for Inchcape plc is INCH.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Inchcape plc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Inchcape plc Stock?
Inchcape plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Inchcape plc Stock.

What's the current price of Inchcape plc Stock?
As of the end of day on the 2024-03-27, the price of an Inchcape plc (INCH.L) share was £724.50.

What is the 52-week high and low for Inchcape plc Stock?
The 52-week high for Inchcape plc Stock is £1,086.62 and the 52-week low is £597.50.

What is the market capitalization of Inchcape plc Stock?
As of the 2024-03-27, the market capitalization of Inchcape plc is 2.99B.

When is the next earnings date for Inchcape plc?
The upcoming earnings date for Inchcape plc is Jul 30, 2024.
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About Inchcape plc

Inchcape plc Inchcape plc operates as an automotive distributor and retailer. The company engages in the distribution, sales, and marketing of new and used cars, and parts. It also provides aftersales service and body shop repairs; and finance and insurance products and services. The company operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa. Inchcape plc was founded in 1847 and is headquartered in London, the United Ki... INCH.L Profile

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