Computershare Limited Stock Forecast
Computershare Limited stock downgraded to Sell Candidate
(Updated on Jun 24, 2024)
The Computershare Limited stock price gained 0.568% on the last trading day (Monday, 24th Jun 2024), rising from $26.40 to $26.55. During the last trading day the stock fluctuated 0.755% from a day low at $26.48 to a day high of $26.68. The price has been going up and down for this period, and there has been a -2.21% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $26.84 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Computershare Limited stock with a 90% probability to be traded between $25.95 and $28.06 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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CPU.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.84%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Computershare Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.68 and $26.71. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Computershare Limited stock
Computershare Limited finds support from accumulated volume at $26.54 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 $0.200 between high and low, or 0.755%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPU.AX) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Computershare Limited to open at $26.57, and during the day (based on 14 day Average True Range), to move between $26.07 and $27.03, which gives a possible trading interval of +/-$0.477 (+/-1.80%) up or down from last closing price. If Computershare Limited takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.54 (0.04%) than the resistance at $26.74 (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Computershare Limited stock A Buy?
Computershare Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.624 Sell Candidate Downgraded
Predicted Opening Price for Computershare Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $26.57 ( 0.0753%) | $26.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPU.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.77 | 0.83% |
| R2 | 26.69 | 0.541% |
| R1 | 26.65 | 0.363% |
| Price | 26.55 | |
| S1 | 26.49 | -0.212% |
| S2 | 26.45 | -0.390% |
| S3 | 26.37 | -0.678% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.17 | 6.10% |
| R2 | 27.95 | 5.27% |
| R1 | 26.74 | 0.716% |
| Price | 26.55 | |
| S1 | 26.54 | -0.0377% |
| S2 | 26.40 | -0.565% |
| S3 | 26.15 | -1.51% |
CPU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 20, 2024 | Mar 20, 2024 | $0.400 | 1.59% |
| 2 | Aug 22, 2023 | Aug 22, 2023 | Sep 18, 2023 | $0.400 | 1.54% |
| 3 | Feb 21, 2023 | Feb 21, 2023 | Feb 21, 2023 | $0.300 | 1.26% |
| 4 | Aug 16, 2022 | Aug 16, 2022 | Aug 16, 2022 | $0.300 | 1.27% |
| 5 | Feb 15, 2022 | Feb 15, 2022 | Feb 15, 2022 | $0.240 | 1.05% |
FAQ
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