Manchester United Ltd Stock Forecast
Manchester United Ltd stock price ended at $15.10 on Friday, after gaining 1.48%.
(Updated on Apr 19, 2024)
The Manchester United Ltd stock price gained 1.48% on the last trading day (Friday, 19th Apr 2024), rising from $14.88 to $15.10. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.99% from a day low at $14.71 to a day high of $15.15. The price has risen in 6 of the last 10 days and is up by 1.68% 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, 102 thousand more shares were traded than the day before. In total, 500 thousand shares were bought and sold for approximately $7.55 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.64% during the next 3 months and, with a 90% probability hold a price between $7.91 and $11.29 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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MANU Signals & Forecast
Mostly positive signals in the chart today. The Manchester United Ltd 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 $14.73 and $14.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 9.98%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Manchester United Ltd stock
Manchester United Ltd finds support from accumulated volume at $14.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.440 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: $14.27 (-5.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (MANU) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Manchester United Ltd to open at $14.99, and during the day (based on 14 day Average True Range), to move between $14.71 and $15.49, which gives a possible trading interval of +/-$0.387 (+/-2.56%) up or down from last closing price. If Manchester United Ltd takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.41 (2.05%) than the support at $14.37 (4.83%), 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 Manchester United Ltd 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: 3.814 Buy Candidate Unchanged
Predicted Opening Price for Manchester United Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $14.99 ( 0.751%) | $15.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MANU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.43 | 2.16 % | |
| R2 | 15.26 | 1.05 % | ||
| R1 | 15.15 | 0.363 % | ||
| Current price: | 15.10 | |||
| Support | S1 | 14.82 | -1.86 % | |
| S2 | 14.71 | -2.55 % | ||
| S3 | 14.55 | -3.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.99 | 5.89 % | |
| R2 | 15.51 | 2.72 % | ||
| R1 | 15.41 | 2.05 % | ||
| Current price | 15.10 | |||
| Support | S1 | 14.37 | -4.83% | |
| S2 | 14.36 | -4.90% | ||
| S3 | 14.35 | -4.97% |
MANU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2022 | Jun 03, 2022 | Jun 24, 2022 | $0.0900 | 0.778% |
| 2 | Nov 17, 2021 | Nov 30, 2021 | Jan 07, 2022 | $0.0900 | 0.610% |
| 3 | Jun 17, 2021 | Jul 09, 2021 | Jul 30, 2021 | $0.0900 | 0.560% |
| 4 | Nov 12, 2020 | Nov 27, 2020 | Jan 07, 2021 | $0.0900 | 0.528% |
| 5 | Feb 25, 2020 | Apr 23, 2020 | Jun 03, 2020 | $0.0900 | 0.516% |
FAQ
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