Middlefield Canadian Income Pcc - Stock Forecast
Red day on Wednesday for Middlefield Canadian Income Pcc - stock after losing 0.95%
(Updated on Jul 03, 2024)
The Middlefield Canadian Income Pcc - stock price fell by -0.95% on the last day (Wednesday, 3rd Jul 2024) from £105.00 to £104.00. During the last trading day the stock fluctuated 1.95% from a day low at £102.50 to a day high of £104.50. The price has been going up and down for this period, and there has been a 1.96% gain for the last 2 weeks. Volume has increased on the last day by 828 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, 973 thousand shares were bought and sold for approximately £101.17 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £102.67 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.36% during the next 3 months and, with a 90% probability hold a price between £106.12 and £115.97 at the end of this 3-month period.
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MCT.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.96%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Middlefield Canadian Income Pcc - 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 £106.46. On a fall, the stock will find some support from the short-term average at £103.93. 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. 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 Middlefield Canadian Income Pcc - stock
Middlefield Canadian Income Pcc - finds support from accumulated volume at £103.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £2.00 (1.95%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: £98.76 (-5.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (MCT.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Middlefield Canadian Income Pcc - Middlefield Canadian Income - Gbp Pc to open at £103.67, and during the day (based on 14 day Average True Range), to move between £101.70 and £106.30, which gives a possible trading interval of +/-£2.30 (+/-2.21%) up or down from last closing price. If Middlefield Canadian Income Pcc - Middlefield Canadian Income - Gbp Pc takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £104.50 (0.48%) than the support at £103.50 (0.48%), 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 Middlefield Canadian Income Pcc - Middlefield Canadian Income - Gbp Pc stock A Buy?
Middlefield Canadian Income Pcc - 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: 0.426 Hold/Accumulate Unchanged
Predicted Opening Price for Middlefield Canadian Income Pcc - Middlefield Canadian Income - Gbp Pc of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £103.67 ( 0.321%) | £104.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 105.67 | 1.60% |
| R2 | 104.90 | 0.87% |
| R1 | 104.43 | 0.414% |
| Price | 104.00 | |
| S1 | 102.90 | -1.06% |
| S2 | 102.43 | -1.51% |
| S3 | 101.67 | -2.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 109.50 | 5.29% |
| R2 | 106.50 | 2.40% |
| R1 | 104.50 | 0.481% |
| Price | 104.00 | |
| S1 | 103.50 | -0.481% |
| S2 | 102.50 | -1.44% |
| S3 | 102.00 | -1.92% |
MCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 30, 2024 | £1.33 | 1.33% |
| 2 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | £1.33 | 1.32% |
| 3 | Oct 12, 2023 | Oct 12, 2023 | Oct 12, 2023 | £0.0130 | 0.0132% |
| 4 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £0.0130 | 0.0131% |
| 5 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | £1.30 | 1.14% |
FAQ
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