Entain Plc Stock Forecast
Red day on Tuesday for Entain Plc stock after losing 1.30%
(Updated on Jun 25, 2024)
The Entain Plc stock price fell by -1.30% on the last day (Tuesday, 25th Jun 2024) from $8.47 to $8.36. During the last trading day the stock fluctuated 3.03% from a day low at $8.24 to a day high of $8.49. The price has fallen in 6 of the last 10 days and is down by -6.8% 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 -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately $31.86 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 -17.26% during the next 3 months and, with a 90% probability hold a price between $6.36 and $7.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GMVHY Signals & Forecast
There are mixed signals in the stock today. 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 $8.41 and $9.04. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.46%. 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).
Support, Risk & Stop-loss for Entain Plc stock
Entain Plc finds support from accumulated volume at $8.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.250 between high and low, or 3.03%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: $7.88 (-5.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (GMVHY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Entain Plc to open at $8.36, and during the day (based on 14 day Average True Range), to move between $8.14 and $8.58, which gives a possible trading interval of +/-$0.218 (+/-2.61%) up or down from last closing price. If Entain Plc takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.42 (0.72%) than the support at $8.29 (0.84%), 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 Entain Plc stock A Buy?
Entain 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: -0.650 Hold/Accumulate Unchanged
Predicted Opening Price for Entain Plc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $8.36 ( 0.0399%) | $8.36 |
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 | |
|---|---|---|
| R3 | 8.61 | 3.03% |
| R2 | 8.52 | 1.89% |
| R1 | 8.46 | 1.18% |
| Price | 8.36 | |
| S1 | 8.27 | -1.10% |
| S2 | 8.21 | -1.81% |
| S3 | 8.11 | -2.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.13 | 21.17% |
| R2 | 9.90 | 18.42% |
| R1 | 8.42 | 0.718% |
| Price | 8.36 | |
| S1 | 8.29 | -0.84% |
| S2 | 8.24 | -1.44% |
| 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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