Mind Gym Plc Stock Forecast
Red day on Friday for Mind Gym Plc
(Updated on May 03, 2024)
The Mind Gym Plc stock price fell by -3.10% on the last day (Friday, 3rd May 2024) from £40.00 to £38.76. During the last trading day the stock fluctuated 0% from a day low at £38.76 to a day high of £38.76. The price has been going up and down for this period, and there has been a 3.36% gain for the last 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 -9 thousand shares and in total, 1 thousand shares were bought and sold for approximately £48.06 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 -4.02% during the next 3 months and, with a 90% probability hold a price between £34.71 and £39.54 at the end of this 3-month period.
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MIND.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 Mind Gym Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £39.82 and £39.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -3.10%. Further fall is indicated until a new bottom pivot has been found. 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 sell signal from a double top formation was found on Thursday, March 21, 2024 with a target of £41.20. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Mind Gym Plc stock
Mind Gym Plc finds support from accumulated volume at £38.00 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, but be aware of low or falling volume as this increases the risk. 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 7.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MIND.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Mind Gym Plc to open at £38.76, and during the day (based on 14 day Average True Range), to move between £36.42 and £41.10, which gives a possible trading interval of +/-£2.34 (+/-6.03%) up or down from last closing price. If Mind Gym Plc takes out the full calculated possible swing range there will be an estimated 12.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £39.50 (1.91%) than the support at £38.00 (1.96%), 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 Mind Gym Plc stock A Buy?
Mind Gym Plc holds several negative signals and is within a 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: -4.776 Sell Candidate Unchanged
Predicted Opening Price for Mind Gym Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £38.76 ( 0%) | £38.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIND.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.76 | . | |
| R2 | 38.76 | . | ||
| R1 | 38.76 | . | ||
| Current price: | 38.76 | |||
| Support | S1 | 38.76 | . | |
| S2 | 38.76 | . | ||
| S3 | 38.76 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.00 | 5.78 % | |
| R2 | 40.00 | 3.20 % | ||
| R1 | 39.50 | 1.91 % | ||
| Current price | 38.76 | |||
| Support | S1 | 38.00 | -1.96% | |
| S2 | 37.50 | -3.25% | ||
| S3 | 37.00 | -4.54% |
MIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 10, 2019 | Dec 19, 2019 | Jan 15, 2020 | £0.90 | 0.493% |
| 2 | Jun 25, 2019 | Aug 01, 2019 | Aug 30, 2019 | £1.60 | 1.36% |
| 3 | Dec 04, 2018 | Dec 20, 2018 | Jan 16, 2019 | £0.80 | 0.519% |
FAQ
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