888 Holdings Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for 888 Holdings Plc
(Updated on Apr 30, 2024)
The 888 Holdings Plc stock price fell by -1.91% on the last day (Tuesday, 30th Apr 2024) from £86.45 to £84.80. During the last trading day the stock fluctuated 7.22% from a day low at £83.05 to a day high of £89.05. The price has been going up and down for this period, and there has been a 4.37% gain for the last 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately £316.61 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 -7.19% during the next 3 months and, with a 90% probability hold a price between £73.21 and £85.49 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 £83.49 and £83.99. 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 6.27%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 £6.00 between high and low, or 7.22%. For the last week, the stock has had daily average volatility of 5.34%.
Our recommended stop-loss: £81.87 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (888.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect 888 Holdings Plc to open at £85.63, and during the day (based on 14 day Average True Range), to move between £80.22 and £89.38, which gives a possible trading interval of +/-£4.58 (+/-5.40%) up or down from last closing price. If 888 Holdings Plc takes out the full calculated possible swing range there will be an estimated 10.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £83.80 (1.18%) than the resistance at £87.50 (3.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: 1.488 Buy Candidate Unchanged
Predicted Opening Price for 888 Holdings Plc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £85.63 ( 0.98%) | £84.80 |
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 | 91.63 | 8.06 % | |
| R2 | 89.34 | 5.36 % | ||
| R1 | 87.93 | 3.69 % | ||
| Current price: | 84.80 | |||
| Support | S1 | 83.34 | -1.72 % | |
| S2 | 81.93 | -3.39 % | ||
| S3 | 79.63 | -6.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.00 | 4.95 % | |
| R2 | 88.50 | 4.36 % | ||
| R1 | 87.50 | 3.18 % | ||
| Current price | 84.80 | |||
| Support | S1 | 83.80 | -1.18% | |
| S2 | 83.50 | -1.53% | ||
| S3 | 78.20 | -7.78% |
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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