Feedback plc Stock Forecast
Feedback plc stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The Feedback plc stock price gained 3.03% on the last trading day (Friday, 3rd May 2024), rising from £82.50 to £85.00. During the last trading day the stock fluctuated 6.05% from a day low at £80.15 to a day high of £85.00. The price has fallen in 8 of the last 10 days and is down by -23.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately £861.05 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £83.31 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 45.42% during the next 3 months and, with a 90% probability hold a price between £121.15 and £232.93 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FDBK.L Signals & Forecast
Feedback plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Feedback plc 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 £89.97 and £114.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -39.29%. 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).
Support, Risk & Stop-loss for Feedback plc stock
Feedback plc finds support from accumulated volume at £83.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £4.85 between high and low, or 6.05%. For the last week, the stock has had daily average volatility of 5.95%.
Feedback plc is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FDBK.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Feedback plc to open at £83.38, and during the day (based on 14 day Average True Range), to move between £78.15 and £91.85, which gives a possible trading interval of +/-£6.85 (+/-8.06%) up or down from last closing price. If Feedback plc takes out the full calculated possible swing range there will be an estimated 16.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £83.50 (1.76%) than the resistance at £97.50 (14.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Feedback plc stock A Buy?
The Feedback plc stock holds several negative signals and despite the positive trend, we believe Feedback plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.434 Sell Candidate Upgraded
Predicted Opening Price for Feedback plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £83.38 ( 1.90%) | £85.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDBK.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.23 | 3.80 % | |
| R2 | 86.38 | 1.62 % | ||
| R1 | 85.24 | 0.278 % | ||
| Current price: | 85.00 | |||
| Support | S1 | 81.53 | -4.08 % | |
| S2 | 80.39 | -5.43 % | ||
| S3 | 78.53 | -7.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.00 | 23.53 % | |
| R2 | 102.50 | 20.59 % | ||
| R1 | 97.50 | 14.71 % | ||
| Current price | 85.00 | |||
| Support | S1 | 83.50 | -1.76% | |
| S2 | 68.50 | -19.41% | ||
| S3 | 68.00 | -20.00% |
FDBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 1995 | Jul 10, 1995 | Aug 11, 1995 | £99.17 | 1.16% |
| 2 | Dec 14, 1994 | Dec 28, 1994 | Feb 09, 1995 | £99.17 | 0.88% |
| 3 | Jun 29, 1994 | Jul 04, 1994 | Aug 15, 1994 | £198.35 | 1.49% |
| 4 | Dec 08, 1993 | Dec 13, 1993 | Feb 04, 1994 | £99.17 | 0.685% |
| 5 | Jun 29, 1993 | Jul 05, 1993 | Aug 16, 1993 | £297.52 | 1.67% |
FAQ
Click here for our free guide on how to buy Feedback plc Stock.
