Centamin 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
Centamin plc stock price down 0.576% on Friday
(Updated on May 03, 2024)
The Centamin plc stock price fell by -0.576% on the last day (Friday, 3rd May 2024) from £121.50 to £120.80. During the last trading day the stock fluctuated 2.20% from a day low at £119.47 to a day high of £122.10. The price has fallen in 6 of the last 10 days and is down by -5.25% for this period. Volume has increased on the last day by 695 thousand 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 £454.45 million.
Given the current short-term trend, the stock is expected to rise 46.10% during the next 3 months and, with a 90% probability hold a price between £176.49 and £206.11 at the end of this 3-month period.
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CEY.L Signals & Forecast
A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -7.29%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Centamin plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £122.83. On a fall, the stock will find some support from the long-term average at approximately £118.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Centamin plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £110.00 and £106.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Centamin plc finds support just below today's level at £110.00. If this is broken, then the next support from accumulated volume will be at £106.50 and £106.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £2.63 (2.20%) between high and low. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: £115.98 (-3.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (CEY.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Centamin plc to open at £120.79, and during the day (based on 14 day Average True Range), to move between £117.10 and £124.50, which gives a possible trading interval of +/-£3.70 (+/-3.06%) up or down from last closing price. If Centamin plc takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £124.50 (3.06%) than the support at £110.00 (8.94%), 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 Centamin plc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.997 Buy Candidate Unchanged
Predicted Opening Price for Centamin plc of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
£120.79 ( 0.0086%) | £120.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEY.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 123.42 | 2.17 % | |
R2 | 122.42 | 1.34 % | ||
R1 | 121.79 | 0.82 % | ||
Current price: | 120.80 | |||
Support | S1 | 119.78 | -0.84 % | |
S2 | 119.16 | -1.35 % | ||
S3 | 118.16 | -2.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 127.90 | 5.88 % | |
R2 | 125.00 | 3.48 % | ||
R1 | 124.50 | 3.06 % | ||
Current price | 120.80 | |||
Support | S1 | 110.00 | -8.94% | |
S2 | 106.50 | -11.84% | ||
S3 | 106.00 | -12.25% |
CEY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Jun 19, 2024 | £1.58 | 1.31% |
2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £2.01 | 1.98% |
3 | Aug 04, 2022 | Sep 01, 2022 | Oct 07, 2022 | £2.18 | 2.43% |
4 | Mar 16, 2022 | May 19, 2022 | Jun 10, 2022 | £3.98 | 4.81% |
5 | Aug 05, 2021 | Sep 02, 2021 | Sep 30, 2021 | £4.00 | 4.18% |
FAQ
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