Cvc Income & Growth Limited Stock Forecast
Cvc Income & Growth Limited stock price down 1.34% on Monday
(Updated on Jun 24, 2024)
The Cvc Income & Growth Limited stock price fell by -1.34% on the last day (Monday, 24th Jun 2024) from £112.00 to £110.50. During the last trading day the stock fluctuated 1.81% from a day low at £110.50 to a day high of £112.50. The price has fallen in 5 of the last 10 days and is down by -0.9% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -172 thousand shares and in total, 84 thousand shares were bought and sold for approximately £9.28 million.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately £110.53 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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CVCG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cvc Income & Growth 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 £111.21 and £112.04. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Cvc Income & Growth Limited stock
Cvc Income & Growth Limited finds support from accumulated volume at £110.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £2.00 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: £103.60 (-6.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (CVCG.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Cvc Income & Growth Limited to open at £111.17, and during the day (based on 14 day Average True Range), to move between £108.06 and £112.94, which gives a possible trading interval of +/-£2.44 (+/-2.21%) up or down from last closing price. If Cvc Income & Growth Limited takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £110.00 (0.45%) than the resistance at £112.00 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cvc Income & Growth Limited stock A Buy?
Cvc Income & Growth Limited 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.
Current score: -0.321 Hold/Accumulate Unchanged
Predicted Opening Price for Cvc Income & Growth Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| £111.17 ( 0.603%) | £110.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVCG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 113.17 | 2.41% |
| R2 | 112.40 | 1.72% |
| R1 | 111.93 | 1.29% |
| Price | 110.50 | |
| S1 | 110.40 | -0.0881% |
| S2 | 109.93 | -0.515% |
| S3 | 109.17 | -1.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 113.00 | 2.26% |
| R2 | 112.50 | 1.81% |
| R1 | 112.00 | 1.36% |
| Price | 110.50 | |
| S1 | 110.00 | -0.452% |
| S2 | 109.00 | -1.36% |
| S3 | 107.00 | -3.17% |
FAQ
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