888 Holdings Plc Stock Forecast
Stronger technical forecast for 888 Holdings Plc stock price after Monday trading.
(Updated on Apr 29, 2024)
The 888 Holdings Plc stock price gained 3.04% on the last trading day (Monday, 29th Apr 2024), rising from £83.90 to £86.45. During the last trading day the stock fluctuated 6.60% from a day low at £81.80 to a day high of £87.20. The price has been going up and down for this period, and there has been a 6.07% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 762 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £155.46 million.
The stock lies in the middle of a 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 -6.44% during the next 3 months and, with a 90% probability hold a price between £73.98 and £86.79 at the end of this 3-month period.
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888.L Signals & Forecast
The 888 Holdings Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £83.32 and £84.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.33%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for 888 Holdings Plc stock
888 Holdings Plc finds support from accumulated volume at £83.80 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 £5.40 between high and low, or 6.60%. For the last week, the stock has had daily average volatility of 4.78%.
Our recommended stop-loss: £83.01 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (888.L) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect 888 Holdings Plc to open at £85.15, and during the day (based on 14 day Average True Range), to move between £81.98 and £90.92, which gives a possible trading interval of +/-£4.47 (+/-5.17%) up or down from last closing price. If 888 Holdings Plc takes out the full calculated possible swing range there will be an estimated 10.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £87.50 (1.21%) than the support at £83.80 (3.07%), 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 888 Holdings 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.242 Buy Candidate Upgraded
Predicted Opening Price for 888 Holdings Plc of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
£85.15 ( 1.50%) | £86.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 888.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 90.55 | 4.74 % | |
R2 | 88.49 | 2.36 % | ||
R1 | 87.21 | 0.88 % | ||
Current price: | 86.45 | |||
Support | S1 | 83.09 | -3.89 % | |
S2 | 81.81 | -5.36 % | ||
S3 | 79.75 | -7.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 89.00 | 2.95 % | |
R2 | 88.50 | 2.37 % | ||
R1 | 87.50 | 1.21 % | ||
Current price | 86.45 | |||
Support | S1 | 83.80 | -3.07% | |
S2 | 83.50 | -3.41% | ||
S3 | 78.20 | -9.54% |
888 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 01, 2021 | Sep 16, 2021 | Oct 13, 2021 | £4.50 | 1.13% |
2 | Mar 18, 2021 | Mar 25, 2021 | May 24, 2021 | £1.60 | 0.404% |
3 | Sep 30, 2020 | Oct 08, 2020 | Nov 04, 2020 | £2.80 | 0.99% |
4 | Apr 15, 2020 | Apr 23, 2020 | May 22, 2020 | £3.00 | 2.22% |
5 | Sep 10, 2019 | Sep 19, 2019 | Oct 18, 2019 | £2.45 | 1.53% |
FAQ
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