Grupo Televisa, S.A.B. Stock Forecast
Grupo Televisa, S.A.B. stock price down 1.53% on Wednesday
(Updated on May 08, 2024)
The Grupo Televisa, S.A.B. stock price fell by -1.53% on the last day (Wednesday, 8th May 2024) from $11.12 to $10.95. During the last trading day the stock fluctuated 2.78% from a day low at $10.80 to a day high of $11.10. The price has risen in 7 of the last 10 days and is up by 8.31% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 1 million shares were bought and sold for approximately $13.57 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Grupo Televisa, S.A.B. stock with a 90% probability to be traded between $9.54 and $11.42 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TLEVISACPO.MX Signals & Forecast
The Grupo Televisa, S.A.B. 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 $10.73 and $10.45. 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 Tuesday, May 07, 2024, and so far it has fallen -1.53%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 1.10% to $11.07 within 24 trading days since signal was issued (Thursday, May 09, 2024).
Support, Risk & Stop-loss for Grupo Televisa, S.A.B. stock
On the downside, the stock finds support just below today's level from accumulated volume at $10.17 and $9.82. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Grupo Televisa, S.A.B. finds support just below today's level at $10.17. If this is broken, then the next support from accumulated volume will be at $9.82 and $9.55.
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 $0.300 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 5.07%.
Our recommended stop-loss: $10.48 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TLEVISACPO.MX) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Grupo Televisa, S.A.B. to open at $10.95, and during the day (based on 14 day Average True Range), to move between $10.45 and $11.45, which gives a possible trading interval of +/-$0.498 (+/-4.55%) up or down from last closing price. If Grupo Televisa, S.A.B. takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.04 (0.82%) than the support at $10.17 (7.12%), 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 Grupo Televisa, S.A.B. stock A Buy?
Grupo Televisa, S.A.B. 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: 0.728 Hold/Accumulate Unchanged
Predicted Opening Price for Grupo Televisa, S.A.B. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $10.95 ( 0.00000000%) | $10.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLEVISACPO.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.25 | 2.74 % | |
| R2 | 11.14 | 1.69 % | ||
| R1 | 11.06 | 1.05 % | ||
| Current price: | 10.95 | |||
| Support | S1 | 10.84 | -1.05 % | |
| S2 | 10.76 | -1.69 % | ||
| S3 | 10.65 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.32 | 3.38 % | |
| R2 | 11.17 | 2.01 % | ||
| R1 | 11.04 | 0.82 % | ||
| Current price | 10.95 | |||
| Support | S1 | 10.17 | -7.12% | |
| S2 | 9.82 | -10.32% | ||
| S3 | 9.55 | -12.79% |
TLEVISACPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | $0.350 | 2.07% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | $0.350 | 0.90% |
| 3 | May 27, 2021 | May 27, 2021 | May 27, 2021 | $0.350 | 0.664% |
| 4 | May 29, 2019 | May 29, 2019 | May 29, 2019 | $0.350 | 0.96% |
| 5 | May 29, 2018 | May 29, 2018 | May 29, 2018 | $0.350 | 0.518% |
FAQ
Click here for our free guide on how to buy Grupo Televisa, S.A.B. Stock.
