Entain Plc Stock Forecast
Red day on Friday for Entain Plc
(Updated on May 24, 2024)
The Entain Plc stock price fell by -0.112% on the last day (Friday, 24th May 2024) from $8.96 to $8.95. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.26% from a day low at $8.87 to a day high of $8.98. The price has fallen in 6 of the last 10 days and is down by -7.73% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -30 thousand shares and in total, 40 thousand shares were bought and sold for approximately $355.34 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.09% during the next 3 months and, with a 90% probability hold a price between $7.53 and $9.13 at the end of this 3-month period.
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GMVHY Signals & Forecast
There are few to no technical positive signals at the moment. The Entain 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 $9.23 and $9.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -15.33%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Entain Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.112 between high and low, or 1.26%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GMVHY) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Entain Plc to open at $8.93, and during the day (based on 14 day Average True Range), to move between $8.70 and $9.20, which gives a possible trading interval of +/-$0.249 (+/-2.79%) up or down from last closing price. If Entain Plc takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $9.90, some $0.95 (10.61%) from the current price of $8.95, our system finds the risk reward not very attractive.
Is Entain Plc stock A Buy?
Entain Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.310 Sell Candidate Unchanged
Predicted Opening Price for Entain Plc of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
$8.93 ( 0.194%) | $8.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMVHY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.04 | 1.06 % | |
R2 | 9.00 | 0.579 % | ||
R1 | 8.98 | 0.284 % | ||
Current price: | 8.95 | |||
Support | S1 | 8.89 | -0.672 % | |
S2 | 8.86 | -0.97 % | ||
S3 | 8.82 | -1.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.13 | 13.18 % | |
R2 | 10.08 | 12.63 % | ||
R1 | 9.90 | 10.61 % | ||
Current price | 8.95 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
GMVHY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 15, 2024 | May 10, 2024 | $0.0911 | 0.94% |
2 | Aug 11, 2023 | Aug 18, 2023 | Oct 06, 2023 | $0.114 | 1.00% |
3 | Jun 21, 2023 | Mar 22, 2023 | May 11, 2023 | $0.103 | 0.557% |
4 | Aug 19, 2022 | Aug 19, 2022 | Oct 06, 2022 | $0.0764 | 0.602% |
FAQ
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