Mountview Estates P.l.c. Stock Forecast
Mountview Estates P.l.c. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Mountview Estates P.l.c. stock price gained 3.37% on the last trading day (Tuesday, 25th Jun 2024), rising from £9,384.13 to £9,700.00. During the last trading day the stock fluctuated 0.622% from a day low at £9,640.00 to a day high of £9,700.00. The price has been going up and down for this period, and there has been a -1.52% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 more shares were traded than the day before. In total, 50 shares were bought and sold for approximately £485.00 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mountview Estates P.l.c. stock with a 90% probability to be traded between £9,330.65 and £9,785.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MTVW.L Signals & Forecast
The Mountview Estates P.l.c. 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 £9,568.45 and £9,687.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.37%. Further rise is indicated until a new top pivot has been found. Mountview Estates P.l.c. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, June 21, 2024 and based on theory for this formation the price should go up by 3.42% to £10,031.73 within 2 trading days since signal was issued (Tuesday, June 25, 2024).
Support, Risk & Stop-loss for Mountview Estates P.l.c. stock
Mountview Estates P.l.c. finds support from accumulated volume at £9,675.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £60.00 (0.622%) between high and low. For the last week, the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: £9,229.72 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (MTVW.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mountview Estates P.l.c. to open at £9,680.00, and during the day (based on 14 day Average True Range), to move between £9,341.64 and £10,058.36, which gives a possible trading interval of +/-£358.36 (+/-3.69%) up or down from last closing price. If Mountview Estates P.l.c. takes out the full calculated possible swing range there will be an estimated 7.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £9,725.00 (0.26%) than the support at £9,675.00 (0.26%), 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 Mountview Estates P.l.c. stock A Buy?
Mountview Estates P.l.c. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.280 Hold/Accumulate Upgraded
Predicted Opening Price for Mountview Estates P.l.c. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £9,680.00 ( 0.206%) | £9,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTVW.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,740.00 | 0.412% |
| R2 | 9,717.08 | 0.176% |
| R1 | 9,702.92 | 0.0301% |
| Price | 9,700.00 | |
| S1 | 9,657.08 | -0.442% |
| S2 | 9,642.92 | -0.588% |
| S3 | 9,620.00 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,800.00 | 1.03% |
| R2 | 9,775.00 | 0.773% |
| R1 | 9,725.00 | 0.258% |
| Price | 9,700.00 | |
| S1 | 9,675.00 | -0.258% |
| S2 | 9,625.00 | -0.773% |
| S3 | 9,475.00 | -2.32% |
MTVW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Feb 15, 2024 | £250.00 | 2.58% |
| 2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £250.00 | 2.19% |
| 3 | Nov 24, 2022 | Feb 16, 2023 | Mar 27, 2023 | £250.00 | 2.23% |
| 4 | Jun 16, 2022 | Jul 07, 2022 | Aug 15, 2022 | £250.00 | 1.92% |
| 5 | Nov 25, 2021 | Feb 17, 2022 | Mar 28, 2022 | £275.00 | 2.07% |
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