Character Group 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
Character Group plc stock price ended at £277.00 on Wednesday, after losing 0%.
(Updated on May 01, 2024)
No changes to the price of Character Group plc stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 1.27% from a day low at £275.00 to a day high of £278.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £283.27 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.73% during the next 3 months and, with a 90% probability hold a price between £266.02 and £299.52 at the end of this 3-month period.
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CCT.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -1.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The Character Group 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 £276.00 and £271.11. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Character Group plc stock
Character Group plc finds support from accumulated volume at £273.00 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 £3.50 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: £265.56 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (CCT.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Character Group plc to open at £276.83, and during the day (based on 14 day Average True Range), to move between £270.79 and £283.21, which gives a possible trading interval of +/-£6.21 (+/-2.24%) up or down from last closing price. If Character Group plc takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £278.00 (0.36%) than the support at £273.00 (1.44%), 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.
Earnings coming up
Character Group plc will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Character Group plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.52% in the first trading day after earnings release.
Is Character Group plc stock A Buy?
Character Group plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.001 Hold/Accumulate Unchanged
Predicted Opening Price for Character Group plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £276.83 ( 0.0602%) | £277.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 280.33 | 1.20 % | |
| R2 | 279.00 | 0.721 % | ||
| R1 | 278.17 | 0.423 % | ||
| Current price: | 277.00 | |||
| Support | S1 | 275.50 | -0.543 % | |
| S2 | 274.67 | -0.84 % | ||
| S3 | 273.33 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 280.00 | 1.08 % | |
| R2 | 279.75 | 0.99 % | ||
| R1 | 278.00 | 0.361 % | ||
| Current price | 277.00 | |||
| Support | S1 | 273.00 | -1.44% | |
| S2 | 260.00 | -6.14% | ||
| S3 | 238.00 | -14.08% |
CCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 11, 2024 | £0 | 0% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £8.00 | 2.71% |
| 3 | Dec 22, 2022 | Jan 12, 2023 | Jan 27, 2023 | £10.00 | 2.68% |
| 4 | May 12, 2022 | Jul 14, 2022 | Jul 29, 2022 | £7.00 | 1.45% |
| 5 | Dec 15, 2021 | Jan 13, 2022 | Jan 28, 2022 | £9.00 | 1.44% |
FAQ
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