Mobico Group Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Mobico Group Plc stock after losing 0%
(Updated on Jun 27, 2024)
No changes to the price of Mobico Group Plc stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £51.00 to a day high of £51.00. The price has fallen in 5 of the last 10 days.
The stock lies in the middle of a very 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 -19.27% during the next 3 months and, with a 90% probability hold a price between £34.25 and £49.01 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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MCG.L Signals & Forecast
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. The Mobico Group Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £55.89. On a fall, the stock will find some support from the short-term average at £48.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -1.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mobico Group Plc stock
Mobico Group Plc finds support from accumulated volume at £50.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 4.59%
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Mobico Group Plc to open at £51.00, and during the day (based on 14 day Average True Range), to move between £48.17 and £53.83, which gives a possible trading interval of +/-£2.83 (+/-5.55%) up or down from last closing price. If Mobico Group Plc takes out the full calculated possible swing range there will be an estimated 11.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £50.60 (0.78%) than the resistance at £53.80 (5.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mobico Group Plc stock A Buy?
Mobico Group Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.871 Sell Candidate Unchanged
Predicted Opening Price for Mobico Group Plc of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
£51.00 ( 0%) | £51.00 |
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 | 51.00 | - |
R2 | 51.00 | - |
R1 | 51.00 | - |
Price | 51.00 | |
S1 | 51.00 | - |
S2 | 51.00 | - |
S3 | 51.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 58.55 | 14.80% |
R2 | 54.15 | 6.18% |
R1 | 53.80 | 5.49% |
Price | 51.00 | |
S1 | 50.60 | -0.784% |
S2 | 47.26 | -7.33% |
S3 | 47.22 | -7.41% |
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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