Caffyns Plc Stock Forecast

Is Caffyns Plc stock still a buy after falling -8.08% on Friday?
(Updated on Jun 28, 2024)

CFYN.L Signals & Forecast

There are few to no technical positive signals at the moment. The Caffyns Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £493.31. On a fall, the stock will find some support from the short-term average at £474.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -8.08%. 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). Caffyns Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Caffyns Plc stock

Caffyns Plc finds support from accumulated volume at £471.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 6.06%.

Our recommended stop-loss: £453.05 (-5.22%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (CFYN.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Caffyns Plc to open at £478.00, and during the day (based on 14 day Average True Range), to move between £450.13 and £505.87, which gives a possible trading interval of +/-£27.87 (+/-5.83%) up or down from last closing price. If Caffyns Plc takes out the full calculated possible swing range there will be an estimated 11.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £471.00 (1.46%) than the resistance at £500.00 (4.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Caffyns Plc stock A Buy?

Caffyns Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Caffyns Plc of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.