Fevertree Drinks Plc Stock Forecast
Fevertree Drinks Plc stock price up 1.14% on Friday
(Updated on May 03, 2024)
The Fevertree Drinks Plc stock price gained 1.14% on the last trading day (Friday, 3rd May 2024), rising from £1,144.00 to £1,157.00. During the last trading day the stock fluctuated 6.51% from a day low at £1,122.00 to a day high of £1,195.00. The price has risen in 8 of the last 10 days and is up by 6.73% over the past 2 weeks. Volume fell on the last day by -81 thousand shares and in total, 156 thousand shares were bought and sold for approximately £180.84 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 wide and 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 5.40% during the next 3 months and, with a 90% probability hold a price between £1,142.00 and £1,312.39 at the end of this 3-month period.
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FEVR.L Signals & Forecast
Mostly positive signals in the chart today. The Fevertree Drinks 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 £1,120.00 and £1,115.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 8.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A buy signal from a double bottom formation was found on Friday, April 12, 2024 and based on theory for this formation the price should go up by 6.46% to £1,231.69 within 13 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Fevertree Drinks Plc stock
Fevertree Drinks Plc finds support from accumulated volume at £1,150.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £73.00 (6.51%) between high and low. For the last week, the stock has had daily average volatility of 7.11%.
Our recommended stop-loss: £1,107.63 (-4.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (FEVR.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Fevertree Drinks Plc to open at £1,158.00, and during the day (based on 14 day Average True Range), to move between £1,100.34 and £1,213.66, which gives a possible trading interval of +/-£56.66 (+/-4.90%) up or down from last closing price. If Fevertree Drinks Plc takes out the full calculated possible swing range there will be an estimated 9.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,150.00 (0.61%) than the resistance at £1,167.00 (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fevertree Drinks Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fevertree Drinks Plc stock to perform well in the short-term.
Current score: 3.460 Buy Candidate Unchanged
Predicted Opening Price for Fevertree Drinks Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £1,158.00 ( 0.0864%) | £1,157.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEVR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,231.00 | 6.40 % | |
| R2 | 1,203.11 | 3.99 % | ||
| R1 | 1,185.89 | 2.50 % | ||
| Current price: | 1,157.00 | |||
| Support | S1 | 1,130.11 | -2.32 % | |
| S2 | 1,112.89 | -3.81 % | ||
| S3 | 1,085.00 | -6.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,198.00 | 3.54 % | |
| R2 | 1,197.00 | 3.46 % | ||
| R1 | 1,167.00 | 0.86 % | ||
| Current price | 1,157.00 | |||
| Support | S1 | 1,150.00 | -0.605% | |
| S2 | 1,112.00 | -3.89% | ||
| S3 | 1,077.00 | -6.91% |
FEVR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 21, 2024 | £10.90 | 0.94% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £10.68 | 0.84% |
| 3 | Sep 13, 2022 | Sep 29, 2022 | Oct 21, 2022 | £5.63 | 0.604% |
| 4 | Mar 16, 2022 | Apr 07, 2022 | May 27, 2022 | £42.90 | 2.72% |
| 5 | Mar 16, 2022 | Apr 06, 2022 | May 27, 2022 | £42.90 | 2.72% |
FAQ
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