Computershare Limited Stock Forecast
Green day on Friday for Computershare Limited
(Updated on Jun 28, 2024)
The Computershare Limited stock price gained 0.0380% on the last trading day (Friday, 28th Jun 2024), rising from $26.33 to $26.34. During the last trading day the stock fluctuated 1.29% from a day low at $26.28 to a day high of $26.62. The price has risen in 6 of the last 10 days but is still down by -0.49% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 626 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $48.58 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.42% during the next 3 months and, with a 90% probability hold a price between $25.22 and $26.97 at the end of this 3-month period.
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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 1.04%. 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. 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 $26.44 and $26.68. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Computershare Limited stock
Computershare Limited finds support from accumulated volume at $26.23 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 $0.340 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.85%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Computershare Limited to open at $26.41, and during the day (based on 14 day Average True Range), to move between $25.84 and $26.84, which gives a possible trading interval of +/-$0.498 (+/-1.89%) up or down from last closing price. If Computershare Limited takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.40 (0.23%) than the support at $26.23 (0.42%), 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 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.
Current score: -1.269 Sell Candidate Unchanged
Predicted Opening Price for Computershare Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$26.41 ( 0.278%) | $26.34 |
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 | 26.75 | 1.57% |
R2 | 26.62 | 1.08% |
R1 | 26.54 | 0.772% |
Price | 26.34 | |
S1 | 26.28 | -0.215% |
S2 | 26.20 | -0.519% |
S3 | 26.07 | -1.01% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 28.17 | 6.95% |
R2 | 26.54 | 0.759% |
R1 | 26.40 | 0.228% |
Price | 26.34 | |
S1 | 26.23 | -0.418% |
S2 | 26.15 | -0.721% |
S3 | 26.07 | -1.03% |
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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