Cake Box Holdings Plc Stock Forecast
Green day on Friday for Cake Box Holdings Plc
(Updated on May 03, 2024)
The Cake Box Holdings Plc stock price gained 1.49% on the last trading day (Friday, 3rd May 2024), rising from £167.50 to £170.00. During the last trading day the stock fluctuated 3.17% from a day low at £166.71 to a day high of £172.00. The price has risen in 6 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 191 more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately £1.83 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cake Box Holdings Plc stock with a 90% probability to be traded between £159.99 and £184.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CBOX.L Signals & Forecast
The Cake Box Holdings 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 £167.38 and £166.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 6.25%. 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 Cake Box Holdings Plc stock
Cake Box Holdings Plc finds support from accumulated volume at £168.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £5.29 between high and low, or 3.17%. For the last week the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: £160.11 (-5.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (CBOX.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Cake Box Holdings Plc to open at £169.57, and during the day (based on 14 day Average True Range), to move between £163.77 and £176.23, which gives a possible trading interval of +/-£6.23 (+/-3.66%) up or down from last closing price. If Cake Box Holdings Plc takes out the full calculated possible swing range there will be an estimated 7.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £168.00 (1.18%) than the resistance at £175.00 (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cake Box Holdings Plc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Cake Box Holdings Plc stock to perform well in the short-term period.
Current score: 1.868 Buy Candidate Unchanged
Predicted Opening Price for Cake Box Holdings Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £169.57 ( 0.253%) | £170.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBOX.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 174.86 | 2.86 % | |
| R2 | 172.84 | 1.67 % | ||
| R1 | 171.59 | 0.94 % | ||
| Current price: | 170.00 | |||
| Support | S1 | 167.55 | -1.44 % | |
| S2 | 166.30 | -2.18 % | ||
| S3 | 164.28 | -3.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.00 | 5.88 % | |
| R2 | 178.00 | 4.71 % | ||
| R1 | 175.00 | 2.94 % | ||
| Current price | 170.00 | |||
| Support | S1 | 168.00 | -1.18% | |
| S2 | 167.50 | -1.47% | ||
| S3 | 165.00 | -2.94% |
CBOX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £2.90 | 1.95% |
| 2 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £5.50 | 3.25% |
| 3 | Nov 14, 2022 | Nov 17, 2022 | Dec 09, 2022 | £2.63 | 2.28% |
| 4 | Jun 27, 2022 | Aug 25, 2022 | Sep 27, 2022 | £5.10 | 4.08% |
| 5 | Nov 08, 2021 | Nov 18, 2021 | Dec 10, 2021 | £2.50 | 0.694% |
FAQ
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