Centaur Media Plc Stock Forecast
Centaur Media Plc stock price up more than 5.77% on Wednesday
(Updated on Jul 03, 2024)
The Centaur Media Plc stock price gained 5.77% on the last trading day (Wednesday, 3rd Jul 2024), rising from £39.38 to £41.65. During the last trading day the stock fluctuated 5.74% from a day low at £39.39 to a day high of £41.65. The price has been going up and down for this period, and there has been a 11.06% gain for the last 2 weeks. Volume fell on the last day by -30 thousand shares and in total, 58 thousand shares were bought and sold for approximately £2.42 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.
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 -23.74% during the next 3 months and, with a 90% probability hold a price between £26.59 and £33.29 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CAU.L Signals & Forecast
Mostly positive signals in the chart today. The Centaur Media 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 £38.50 and £38.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 15.05%. 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 Centaur Media Plc stock
Centaur Media Plc finds support from accumulated volume at £41.00 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 £2.26 between high and low, or 5.74%. For the last week, the stock has had daily average volatility of 4.79%.
Our recommended stop-loss: £40.32 (-3.18%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (CAU.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Centaur Media Plc to open at £40.90, and during the day (based on 14 day Average True Range), to move between £39.90 and £43.40, which gives a possible trading interval of +/-£1.75 (+/-4.20%) up or down from last closing price. If Centaur Media Plc takes out the full calculated possible swing range there will be an estimated 8.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £41.00 (1.56%) than the resistance at £50.00 (20.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Centaur Media 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: 1.686 Buy Candidate Unchanged
Predicted Opening Price for Centaur Media Plc of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £40.90 ( 1.81%) | £41.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.16 | 3.62% |
| R2 | 42.29 | 1.55% |
| R1 | 41.76 | 0.264% |
| Price | 41.65 | |
| S1 | 40.03 | -3.88% |
| S2 | 39.50 | -5.16% |
| S3 | 38.63 | -7.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.00 | 24.85% |
| R2 | 51.00 | 22.45% |
| R1 | 50.00 | 20.05% |
| Price | 41.65 | |
| S1 | 41.00 | -1.56% |
| S2 | 39.50 | -5.16% |
| S3 | 38.50 | -7.56% |
CAU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | £1.20 | 3.00% |
| 2 | Oct 05, 2023 | Oct 05, 2023 | Oct 20, 2023 | £0.600 | 1.56% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £0.600 | 1.24% |
| 4 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | £2.00 | 3.88% |
| 5 | Jan 19, 2023 | Jan 26, 2023 | Feb 10, 2023 | £3.00 | 5.77% |
FAQ
Click here for our free guide on how to buy Centaur Media Plc Stock.
