Cvc Income & Growth Limited 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
Cvc Income & Growth Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Cvc Income & Growth Limited stock price gained 4.09% on the last trading day (Friday, 28th Jun 2024), rising from £110.00 to £114.50. During the last trading day the stock fluctuated 1.70% from a day low at £113.57 to a day high of £115.50. The price has fallen in 5 of the last 10 days but is still up by 1.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 731 thousand more shares were traded than the day before. In total, 731 thousand shares were bought and sold for approximately £83.66 million.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £114.85 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Cvc Income & Growth Limited stock with a 90% probability to be traded between £109.53 and £114.37 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CVCG.L Signals & Forecast
The Cvc Income & Growth Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £111.36 and £112.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 4.09%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-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
The stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-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 Cvc Income & Growth Limited stock
Cvc Income & Growth Limited finds support from accumulated volume at £113.00 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 £1.94 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: £107.84 (-5.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (CVCG.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cvc Income & Growth Limited to open at £114.52, and during the day (based on 14 day Average True Range), to move between £112.01 and £116.99, which gives a possible trading interval of +/-£2.49 (+/-2.18%) 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 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £115.00 (0.44%) than the support at £113.00 (1.31%), 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 Cvc Income & Growth Limited stock A Buy?
Cvc Income & Growth Limited 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 Cvc Income & Growth Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £114.52 ( 0.0189%) | £114.50 |
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 | 116.46 | 1.71% |
| R2 | 115.72 | 1.06% |
| R1 | 115.26 | 0.664% |
| Price | 114.50 | |
| S1 | 113.78 | -0.627% |
| S2 | 113.33 | -1.03% |
| S3 | 112.59 | -1.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 115.00 | 0.437% |
| Price | 114.50 | |
| S1 | 113.00 | -1.31% |
| S2 | 112.50 | -1.75% |
| S3 | 112.00 | -2.18% |
CVCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 31, 2024 | £1.77 | 1.58% |
| 2 | Feb 08, 2024 | Feb 08, 2024 | Feb 08, 2024 | £3.52 | 3.35% |
| 3 | Nov 09, 2023 | Nov 09, 2023 | Dec 01, 2023 | £1.64 | 1.57% |
| 4 | Aug 10, 2023 | Aug 10, 2023 | Sep 01, 2023 | £1.62 | 1.68% |
| 5 | May 11, 2023 | May 11, 2023 | Jun 02, 2023 | £1.63 | 1.67% |
FAQ
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