Cranswick plc Stock Forecast
Green day on Friday for Cranswick plc
(Updated on Apr 19, 2024)
The Cranswick plc stock price gained 0.98% on the last trading day (Friday, 19th Apr 2024), rising from £4,090.00 to £4,130.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.35% from a day low at £4,035.00 to a day high of £4,130.00. The price has risen in 5 of the last 10 days and is up by 0.61% over the past 2 weeks. Volume fell on the last day by -216 thousand shares and in total, 75 thousand shares were bought and sold for approximately £311.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 3.31% during the next 3 months and, with a 90% probability hold a price between £4,049.79 and £4,344.62 at the end of this 3-month period.
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CWK.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.82%. 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). The Cranswick 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 £4,089.29 and £4,073.94. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Cranswick plc stock
Cranswick plc finds support from accumulated volume at £4,090.00 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 £95.00 between high and low, or 2.35%. For the last week the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: £3,988.91 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (CWK.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Cranswick plc to open at £4,098.33, and during the day (based on 14 day Average True Range), to move between £4,046.11 and £4,213.89, which gives a possible trading interval of +/-£83.89 (+/-2.03%) up or down from last closing price. If Cranswick plc takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £4,135.00 (0.12%) than the support at £4,090.00 (0.97%), 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 Cranswick plc stock A Buy?
Cranswick 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.
Current score: 1.000 Buy Candidate Unchanged
Predicted Opening Price for Cranswick plc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £4,098.33 ( 0.767%) | £4,130.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWK.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,193.33 | 1.53 % | |
| R2 | 4,157.04 | 0.655 % | ||
| R1 | 4,134.62 | 0.112 % | ||
| Current price: | 4,130.00 | |||
| Support | S1 | 4,062.04 | -1.65 % | |
| S2 | 4,039.62 | -2.19 % | ||
| S3 | 4,003.33 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,164.00 | 0.82 % | |
| R2 | 4,144.00 | 0.339 % | ||
| R1 | 4,135.00 | 0.121 % | ||
| Current price | 4,130.00 | |||
| Support | S1 | 4,090.00 | -0.97% | |
| S2 | 4,060.00 | -1.69% | ||
| S3 | 4,054.00 | -1.84% |
CWK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0 | 0% |
| 2 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £58.80 | 1.76% |
| 3 | Nov 22, 2022 | Dec 15, 2022 | Jan 27, 2023 | £20.60 | 0.653% |
| 4 | May 24, 2022 | Jul 21, 2022 | Sep 02, 2022 | £55.60 | 1.84% |
| 5 | Nov 23, 2021 | Dec 16, 2021 | Jan 28, 2022 | £20.00 | 0.551% |
FAQ
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