Mind Gym 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:
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
Mind Gym Plc stock downgraded to Sell Candidate
(Updated on May 17, 2024)
No changes to the price of Mind Gym Plc stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 4.92% from a day low at £38.13 to a day high of £40.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £40.94 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.00% during the next 3 months and, with a 90% probability hold a price between £34.47 and £39.30 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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MIND.L Signals & Forecast
The Mind Gym Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £39.65 and £39.39. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Mind Gym Plc stock
Mind Gym Plc finds support from accumulated volume at £38.76 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 £1.88 between high and low, or 4.92%. For the last week, the stock has had daily average volatility of 4.99%.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect Mind Gym Plc to open at £39.38, and during the day (based on 14 day Average True Range), to move between £38.15 and £41.85, which gives a possible trading interval of +/-£1.85 (+/-4.62%) up or down from last closing price. If Mind Gym Plc takes out the full calculated possible swing range there will be an estimated 9.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £40.50 (1.25%) than the support at £38.76 (3.10%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.498 Sell Candidate Downgraded
Predicted Opening Price for Mind Gym Plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| £39.38 ( 1.56%) | £40.00 |
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 | 41.25 | 3.13 % | |
| R2 | 40.53 | 1.33 % | ||
| R1 | 40.09 | 0.228 % | ||
| Current price: | 40.00 | |||
| Support | S1 | 38.66 | -3.35 % | |
| S2 | 38.22 | -4.46 % | ||
| S3 | 37.50 | -6.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.00 | 2.50 % | |
| R2 | 40.80 | 2.00 % | ||
| R1 | 40.50 | 1.25 % | ||
| Current price | 40.00 | |||
| Support | S1 | 38.76 | -3.10% | |
| S2 | 37.50 | -6.25% | ||
| S3 | 37.00 | -7.50% |
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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