On the Beach Group plc Stock Forecast
Evaluation of On the Beach Group plc stock downgraded after the last trading session.
(Updated on May 03, 2024)
The On the Beach Group plc stock price gained 0.276% on the last trading day (Friday, 3rd May 2024), rising from £144.80 to £145.20. During the last trading day the stock fluctuated 2.80% from a day low at £143.00 to a day high of £147.00. The price has been going up and down for this period, and there has been a -5.35% 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, 97 thousand more shares were traded than the day before. In total, 521 thousand shares were bought and sold for approximately £75.61 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £144.35 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.56% during the next 3 months and, with a 90% probability hold a price between £153.81 and £185.29 at the end of this 3-month period.
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OTB.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.83%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The On the Beach Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £146.31 and £154.56. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for On the Beach Group plc stock
On the Beach Group plc finds support from accumulated volume at £145.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £4.00 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OTB.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect On the Beach Group plc to open at £145.07, and during the day (based on 14 day Average True Range), to move between £139.53 and £150.87, which gives a possible trading interval of +/-£5.67 (+/-3.90%) up or down from last closing price. If On the Beach Group plc takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £145.00 (0.14%) than the resistance at £150.00 (3.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
On the Beach Group plc will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for On the Beach Group plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.32% in the first trading day after earnings release.
Is On the Beach Group plc stock A Buy?
The On the Beach Group plc stock holds several negative signals and despite the positive trend, we believe On the Beach Group plc will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.924 Sell Candidate Downgraded
Predicted Opening Price for On the Beach Group plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £145.07 ( 0.0918%) | £145.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OTB.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.07 | 2.66 % | |
| R2 | 147.54 | 1.61 % | ||
| R1 | 146.59 | 0.96 % | ||
| Current price: | 145.20 | |||
| Support | S1 | 143.54 | -1.14 % | |
| S2 | 142.59 | -1.79 % | ||
| S3 | 141.07 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 160.40 | 10.47 % | |
| R2 | 155.80 | 7.30 % | ||
| R1 | 150.00 | 3.31 % | ||
| Current price | 145.20 | |||
| Support | S1 | 145.00 | -0.138% | |
| S2 | 144.80 | -0.275% | ||
| S3 | 144.00 | -0.83% |
OTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 27, 2019 | Jan 09, 2020 | Feb 13, 2020 | £2.00 | 0.473% |
| 2 | May 14, 2019 | May 30, 2019 | Jun 28, 2019 | £1.30 | 0.273% |
| 3 | Nov 28, 2018 | Jan 10, 2019 | Feb 14, 2019 | £2.20 | 0.507% |
| 4 | May 10, 2018 | May 31, 2018 | Jun 29, 2018 | £1.10 | 0.219% |
| 5 | Nov 30, 2017 | Jan 11, 2018 | Feb 15, 2018 | £1.90 | 0.358% |
FAQ
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