Goodwin Plc Stock Forecast
Goodwin Plc stock price ended at £8,020.00 on Friday, after losing 3.84%.
(Updated on Jun 28, 2024)
The Goodwin Plc stock price fell by -3.84% on the last day (Friday, 28th Jun 2024) from £8,340.00 to £8,020.00. During the last trading day the stock fluctuated 4.33% from a day low at £8,020.00 to a day high of £8,367.51. The price has risen in 7 of the last 10 days and is up by 23.77% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately £20.28 million.
The stock lies in the upper part of a very 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 £8,362.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.34% during the next 3 months and, with a 90% probability hold a price between £7,231.32 and £9,980.38 at the end of this 3-month period.
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GDWN.L Signals & Forecast
The Goodwin 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 £7,900.00 and £6,697.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -3.84%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Goodwin Plc stock
Goodwin Plc finds support from accumulated volume at £7,900.00 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 £347.51 between high and low, or 4.33%. For the last week, the stock has had daily average volatility of 4.57%.
Our recommended stop-loss: £7,713.53 (-3.82%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GDWN.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Goodwin Plc to open at £8,135.84, and during the day (based on 14 day Average True Range), to move between £7,632.51 and £8,407.49, which gives a possible trading interval of +/-£387.49 (+/-4.83%) up or down from last closing price. If Goodwin Plc takes out the full calculated possible swing range there will be an estimated 9.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £8,060.00 (0.50%) than the support at £7,900.00 (1.50%), 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 Goodwin Plc stock A Buy?
Goodwin 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: 0.000 Hold/Accumulate Unchanged
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 Goodwin Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £8,135.84 ( 1.44%) | £8,020.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDWN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,483.35 | 5.78% |
| R2 | 8,350.60 | 4.12% |
| R1 | 8,268.59 | 3.10% |
| Price | 8,020.00 | |
| S1 | 8,003.09 | -0.211% |
| S2 | 7,921.08 | -1.23% |
| S3 | 7,788.33 | -2.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 8,340.00 | 3.99% |
| R1 | 8,060.00 | 0.499% |
| Price | 8,020.00 | |
| S1 | 7,900.00 | -1.50% |
| S2 | 7,100.00 | -11.47% |
| S3 | 6,200.00 | -22.69% |
GDWN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 12, 2024 | £57.50 | 0.95% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Oct 06, 2023 | £57.50 | 1.09% |
| 3 | Aug 03, 2022 | Mar 23, 2023 | Apr 12, 2023 | £53.90 | 1.38% |
| 4 | Aug 03, 2022 | Sep 15, 2022 | Oct 07, 2022 | £53.90 | 1.82% |
| 5 | Aug 11, 2021 | Sep 16, 2021 | Oct 08, 2021 | £102.24 | 2.80% |
FAQ
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