Moneysupermarket.com Group 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
Red day on Tuesday for Moneysupermarket.com Group plc
(Updated on May 07, 2024)
No changes to the price of Moneysupermarket.com Group plc stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at £229.60 to a day high of £229.60. The price has risen in 6 of the last 10 days and is up by 7.49% over the past 2 weeks.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £228.95, a level that may pose a second chance to hit a runner. According to fan-theory £258.34 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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MONY.L Signals & Forecast
The Moneysupermarket.com Group 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 £222.26 and £221.54. 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). 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 Friday, May 03, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Moneysupermarket.com Group plc stock
Moneysupermarket.com Group plc finds support from accumulated volume at £227.60 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 2.91%
Our recommended stop-loss: £221.38 (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MONY.L) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Moneysupermarket.com Group plc to open at £229.60, and during the day (based on 14 day Average True Range), to move between £222.06 and £237.14, which gives a possible trading interval of +/-£7.54 (+/-3.28%) 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 6.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £227.60 (0.87%) than the resistance at £240.80 (4.88%), 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?
Moneysupermarket.com 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: -0.505 Hold/Accumulate Unchanged
Predicted Opening Price for Moneysupermarket.com Group plc of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
£229.60 ( 0%) | £229.60 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 229.60 | . | |
R2 | 229.60 | . | ||
R1 | 229.60 | . | ||
Current price: | 229.60 | |||
Support | S1 | 229.60 | . | |
S2 | 229.60 | . | ||
S3 | 229.60 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 251.80 | 9.67 % | |
R2 | 247.20 | 7.67 % | ||
R1 | 240.80 | 4.88 % | ||
Current price | 229.60 | |||
Support | S1 | 227.60 | -0.87% | |
S2 | 220.40 | -4.01% | ||
S3 | 212.20 | -7.58% |
MONY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | May 10, 2024 | £8.90 | 3.88% |
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
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