Moneysupermarket.com Group plc Stock Forecast
Moneysupermarket.com Group plc stock price ended at £227.60 on Tuesday, after gaining 2.25%.
(Updated on Jul 02, 2024)
The Moneysupermarket.com Group plc stock price gained 2.25% on the last trading day (Tuesday, 2nd Jul 2024), rising from £222.60 to £227.60. During the last trading day the stock fluctuated 4.26% from a day low at £220.40 to a day high of £229.80. The price has risen in 5 of the last 10 days and is up by 2.99% over the past 2 weeks. Volume fell on the last day by -84 thousand shares and in total, 369 thousand shares were bought and sold for approximately £83.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak 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 4.21% during the next 3 months and, with a 90% probability hold a price between £231.55 and £253.41 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MONY.L Signals & Forecast
Mostly positive signals in the chart today. The Moneysupermarket.com Group plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £224.74 and £227.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 4.12%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Moneysupermarket.com Group plc stock
Moneysupermarket.com Group plc finds support from accumulated volume at £227.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £9.40 between high and low, or 4.26%. For the last week the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: £216.95 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (MONY.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Moneysupermarket.com Group plc to open at £225.93, and during the day (based on 14 day Average True Range), to move between £221.01 and £234.19, which gives a possible trading interval of +/-£6.59 (+/-2.90%) up or down from last closing price. If Moneysupermarket.com Group plc takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £227.00 (0.26%) than the resistance at £231.20 (1.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moneysupermarket.com Group plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Moneysupermarket.com Group plc stock to perform well in the short-term.
Current score: 2.553 Buy Candidate Unchanged
Predicted Opening Price for Moneysupermarket.com Group plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £225.93 ( 0.732%) | £227.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MONY.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 235.33 | 3.40% |
| R2 | 231.74 | 1.82% |
| R1 | 229.52 | 0.85% |
| Price | 227.60 | |
| S1 | 222.34 | -2.31% |
| S2 | 220.12 | -3.28% |
| S3 | 216.53 | -4.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 236.40 | 3.87% |
| R2 | 236.00 | 3.69% |
| R1 | 231.20 | 1.58% |
| Price | 227.60 | |
| S1 | 227.00 | -0.264% |
| S2 | 220.40 | -3.16% |
| S3 | 212.20 | -6.77% |
MONY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 10, 2024 | £8.90 | 3.79% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £3.20 | 1.25% |
| 3 | Feb 16, 2023 | Mar 30, 2023 | May 11, 2023 | £8.61 | 3.20% |
| 4 | Jul 21, 2022 | Jul 28, 2022 | Sep 02, 2022 | £3.10 | 1.62% |
| 5 | Feb 17, 2022 | Mar 31, 2022 | May 12, 2022 | £8.61 | 5.16% |
FAQ
Click here for our free guide on how to buy Moneysupermarket.com Group plc Stock.
