Midwich Group Plc Stock Forecast
Midwich Group Plc stock price ended at £424.00 on Tuesday, after losing 1.40%.
(Updated on Apr 30, 2024)
The Midwich Group Plc stock price fell by -1.40% on the last day (Tuesday, 30th Apr 2024) from £430.00 to £424.00. During the last trading day the stock fluctuated 4.62% from a day low at £411.00 to a day high of £430.00. The price has risen in 6 of the last 10 days and is up by 6% over the past 2 weeks. 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 -28 thousand shares and in total, 30 thousand shares were bought and sold for approximately £12.84 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.14% during the next 3 months and, with a 90% probability hold a price between £505.63 and £553.16 at the end of this 3-month period.
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MIDW.L Signals & Forecast
The Midwich Group Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £431.29. On a fall, the stock will find some support from the long-term average at approximately £415.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Midwich Group Plc stock
Midwich Group Plc finds support from accumulated volume at £415.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £19.00 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 5.79%.
Our recommended stop-loss: £402.61 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (MIDW.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Midwich Group Plc to open at £421.67, and during the day (based on 14 day Average True Range), to move between £402.61 and £445.39, which gives a possible trading interval of +/-£21.39 (+/-5.04%) up or down from last closing price. If Midwich Group Plc takes out the full calculated possible swing range there will be an estimated 10.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £427.00 (0.71%) than the support at £415.00 (2.12%), 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 Midwich Group Plc stock A Buy?
Midwich Group 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: -0.124 Hold/Accumulate Unchanged
Predicted Opening Price for Midwich Group Plc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £421.67 ( 0.550%) | £424.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIDW.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 440.67 | 3.93 % | |
| R2 | 433.41 | 2.22 % | ||
| R1 | 428.92 | 1.16 % | ||
| Current price: | 424.00 | |||
| Support | S1 | 414.41 | -2.26 % | |
| S2 | 409.92 | -3.32 % | ||
| S3 | 402.67 | -5.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 440.00 | 3.77 % | |
| R2 | 430.00 | 1.42 % | ||
| R1 | 427.00 | 0.708 % | ||
| Current price | 424.00 | |||
| Support | S1 | 415.00 | -2.12% | |
| S2 | 369.00 | -12.97% | ||
| S3 | 365.00 | -13.92% |
MIDW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 14, 2024 | £11.00 | 2.59% |
| 2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | £10.50 | 2.14% |
| 3 | Sep 06, 2022 | Sep 15, 2022 | Oct 26, 2022 | £4.50 | 0.94% |
| 4 | Mar 08, 2022 | May 05, 2022 | Jun 17, 2022 | £7.80 | 1.34% |
| 5 | Sep 07, 2021 | Sep 16, 2021 | Oct 25, 2021 | £3.30 | 0.471% |
FAQ
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