Mobico Group Plc Stock Forecast
Mobico Group Plc stock price ended at £46.10 on Wednesday, after losing 0.389%.
(Updated on Jun 19, 2024)
The Mobico Group Plc stock price fell by -0.389% on the last day (Wednesday, 19th Jun 2024) from £46.28 to £46.10. During the last trading day the stock fluctuated 0% from a day low at £46.10 to a day high of £46.10. The price has fallen in 7 of the last 10 days and is down by -12.61% 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 million shares and in total, 0 shares were bought and sold for approximately £0 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £42.82 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.44% during the next 3 months and, with a 90% probability hold a price between £33.64 and £48.14 at the end of this 3-month period.
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MCG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mobico Group 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 £47.90 and £56.86. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mobico Group 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.61%
Mobico Group Plc is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MCG.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Mobico Group Plc to open at £46.10, and during the day (based on 14 day Average True Range), to move between £43.33 and £48.87, which gives a possible trading interval of +/-£2.77 (+/-6.00%) up or down from last closing price. If Mobico Group Plc takes out the full calculated possible swing range there will be an estimated 12.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £51.00, some £4.90 (10.63%) from the current price of £46.10, our system finds the risk reward not very attractive.
Is Mobico Group Plc stock A Buy?
Mobico Group Plc holds several negative signals and is within a very 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: -2.115 Sell Candidate Unchanged
Predicted Opening Price for Mobico Group Plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £46.10 ( 0%) | £46.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.10 | - |
| R2 | 46.10 | - |
| R1 | 46.10 | - |
| Price | 46.10 | |
| S1 | 46.10 | - |
| S2 | 46.10 | - |
| S3 | 46.10 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.15 | 17.46% |
| R2 | 53.80 | 16.70% |
| R1 | 51.00 | 10.63% |
| Price | 46.10 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
MCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 03, 2023 | Aug 03, 2023 | Sep 01, 2023 | £1.70 | 2.03% |
| 2 | Apr 13, 2023 | Apr 13, 2023 | May 15, 2023 | £5.00 | 4.22% |
| 3 | Apr 23, 2020 | Apr 23, 2020 | Apr 23, 2020 | £11.19 | 4.86% |
| 4 | Aug 29, 2019 | Aug 29, 2019 | Sep 20, 2019 | £5.16 | 1.19% |
| 5 | Apr 18, 2019 | Apr 18, 2019 | May 14, 2019 | £10.17 | 2.50% |
FAQ
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