Eurocell Plc Stock Forecast
Eurocell Plc stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Eurocell Plc stock price gained 0.555% on the last trading day (Friday, 3rd May 2024), rising from £135.00 to £135.75. During the last trading day the stock fluctuated 1.12% from a day low at £134.50 to a day high of £136.00. The price has risen in 4 of the last 10 days and is up by 0.55% over the past 2 weeks. Volume fell on the last day by -50 thousand shares and in total, 90 thousand shares were bought and sold for approximately £12.28 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £138.64 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.73% during the next 3 months and, with a 90% probability hold a price between £132.45 and £154.91 at the end of this 3-month period.
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ECEL.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.91%. 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 Eurocell 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 £134.89 and £128.08. 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 Eurocell Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £124.00 and £119.00. 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, Eurocell Plc finds support just below today's level at £124.00. If this is broken, then the next support from accumulated volume will be at £119.00 and £116.50.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £1.50 (1.12%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: £130.92 (-3.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (ECEL.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Eurocell Plc to open at £135.42, and during the day (based on 14 day Average True Range), to move between £132.80 and £138.70, which gives a possible trading interval of +/-£2.95 (+/-2.17%) up or down from last closing price. If Eurocell Plc takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £137.00 (0.92%) than the support at £124.00 (8.65%), 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 Eurocell Plc stock A Buy?
Eurocell 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.928 Hold/Accumulate Downgraded
Predicted Opening Price for Eurocell Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £135.42 ( 0.245%) | £135.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECEL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 136.92 | 0.86 % | |
| R2 | 136.34 | 0.438 % | ||
| R1 | 135.99 | 0.177 % | ||
| Current price: | 135.75 | |||
| Support | S1 | 134.84 | -0.667 % | |
| S2 | 134.49 | -0.93 % | ||
| S3 | 133.92 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 137.00 | 0.92 % | ||
| Current price | 135.75 | |||
| Support | S1 | 124.00 | -8.65% | |
| S2 | 119.00 | -12.34% | ||
| S3 | 116.50 | -14.18% |
ECEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 22, 2024 | £3.50 | 2.58% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £7.20 | 5.81% |
| 3 | Sep 01, 2022 | Sep 15, 2022 | Oct 07, 2022 | £3.50 | 2.55% |
| 4 | Mar 18, 2022 | Apr 21, 2022 | May 18, 2022 | £6.40 | 3.06% |
| 5 | Sep 03, 2021 | Sep 16, 2021 | Oct 08, 2021 | £3.20 | 1.25% |
FAQ
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