Cairn Homes PLC Stock Forecast
Cairn Homes PLC stock price ended at £140.60 on Tuesday, after losing 0%.
(Updated on May 07, 2024)
No changes to the price of Cairn Homes PLC stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at £140.60 to a day high of £140.60. The price has risen in 5 of the last 10 days and is up by 3.69% over the past 2 weeks.
The stock lies in the middle of a wide and strong 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 11.12% during the next 3 months and, with a 90% probability hold a price between £148.86 and £165.39 at the end of this 3-month period.
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CRN.L Signals & Forecast
The Cairn Homes PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £137.40 and £136.85. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen 0%. 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 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.
Support, Risk & Stop-loss for Cairn Homes PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at £126.20 and £123.80. 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, Cairn Homes PLC finds support just below today's level at £126.20. If this is broken, then the next support from accumulated volume will be at £123.80 and £122.80.
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 2.16%
Our recommended stop-loss: £135.09 (-3.92%) (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 (CRN.L) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Cairn Homes PLC to open at £140.60, and during the day (based on 14 day Average True Range), to move between £137.41 and £143.79, which gives a possible trading interval of +/-£3.19 (+/-2.27%) up or down from last closing price. If Cairn Homes PLC takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £141.40 (0.57%) than the support at £126.20 (10.24%), 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.
Earnings coming up
Cairn Homes PLC will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Cairn Homes PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.78% in the first trading day after earnings release.
Is Cairn Homes PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cairn Homes PLC stock to perform well in the short-term.
Current score: 2.965 Buy Candidate Unchanged
Predicted Opening Price for Cairn Homes PLC of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| £140.60 ( 0%) | £140.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.60 | . | |
| R2 | 140.60 | . | ||
| R1 | 140.60 | . | ||
| Current price: | 140.60 | |||
| Support | S1 | 140.60 | . | |
| S2 | 140.60 | . | ||
| S3 | 140.60 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 141.40 | 0.569 % | ||
| Current price | 140.60 | |||
| Support | S1 | 126.20 | -10.24% | |
| S2 | 123.80 | -11.95% | ||
| S3 | 122.80 | -12.66% |
CRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 17, 2024 | £2.74 | 1.95% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £3.10 | 3.24% |
| 3 | Mar 02, 2023 | Apr 20, 2023 | May 16, 2023 | £3.10 | 3.32% |
| 4 | Sep 08, 2022 | Sep 15, 2022 | Oct 07, 2022 | £3.00 | 4.05% |
| 5 | Mar 03, 2022 | Apr 21, 2022 | May 17, 2022 | £2.80 | 3.25% |
FAQ
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