CRH 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
CRH plc stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 08, 2024)
No changes to the price of CRH plc stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 0% from a day low at £6,412.00 to a day high of £6,412.00. The price has been going up and down for this period, and there has been a 1.87% gain for the last 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.36% during the next 3 months and, with a 90% probability hold a price between £6,320.75 and £7,342.36 at the end of this 3-month period.
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CRH.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The CRH 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 £6,535.54. On a fall, the stock will find some support from the short-term average at £6,325.14. 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 Tuesday, May 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, June 13, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Tuesday, June 13, 2023 in the long-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 CRH plc stock
CRH plc finds support from accumulated volume at £6,252.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 1.41%
Our recommended stop-loss: £6,159.37 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CRH.L) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect CRH plc to open at £6,412.00, and during the day (based on 14 day Average True Range), to move between £6,296.94 and £6,527.06, which gives a possible trading interval of +/-£115.06 (+/-1.79%) up or down from last closing price. If CRH plc takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £6,252.00 (2.50%) than the resistance at £6,574.00 (2.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CRH plc will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for CRH plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.94% in the first trading day after earnings release.
Is CRH plc stock A Buy?
CRH 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. 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 CRH plc of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| £6,412.00 ( 0%) | £6,412.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,412.00 | . | |
| R2 | 6,412.00 | . | ||
| R1 | 6,412.00 | . | ||
| Current price: | 6,412.00 | |||
| Support | S1 | 6,412.00 | . | |
| S2 | 6,412.00 | . | ||
| S3 | 6,412.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,644.00 | 3.62 % | |
| R2 | 6,600.00 | 2.93 % | ||
| R1 | 6,574.00 | 2.53 % | ||
| Current price | 6,412.00 | |||
| Support | S1 | 6,252.00 | -2.50% | |
| S2 | 6,006.00 | -6.33% | ||
| S3 | 5,862.00 | -8.58% |
CRH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 17, 2024 | £27.66 | 0.435% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0 | 0% |
| 3 | Mar 02, 2023 | Mar 16, 2023 | May 04, 2023 | £103.00 | 2.67% |
| 4 | Aug 25, 2022 | Sep 08, 2022 | Oct 07, 2022 | £24.00 | 0.82% |
| 5 | Mar 03, 2022 | Mar 10, 2022 | May 05, 2022 | £98.00 | 3.09% |
FAQ
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