Clarkson PLC Stock Forecast
Green day on Wednesday for Clarkson PLC stock after gaining 0.376%
(Updated on Mar 27, 2024)
The Clarkson PLC stock price gained 0.376% on the last trading day (Wednesday, 27th Mar 2024), rising from £3,990.00 to £4,005.00. During the last trading day the stock fluctuated 1.00% from a day low at £3,975.41 to a day high of £4,015.00. The price has been going up and down for this period, and there has been a 2.04% gain for the last 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 27 thousand shares were bought and sold for approximately £108.03 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 strong 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 19.18% during the next 3 months and, with a 90% probability hold a price between £4,540.24 and £4,848.84 at the end of this 3-month period.
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CKN.L Signals & Forecast
The Clarkson 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 £3,956.43 and £3,722.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 16.93%. Further rise is indicated until a new top pivot has been found. 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. 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). The stock had a Golden Star Signal on Tuesday, April 18, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 18, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Clarkson PLC stock
Clarkson PLC finds support from accumulated volume at £3,875.00 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 £39.59 between high and low, or 1.00%. For the last week, the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: £3,877.64 (-3.18%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (CKN.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Clarkson PLC to open at £3,998.47, and during the day (based on 14 day Average True Range), to move between £3,930.33 and £4,079.67, which gives a possible trading interval of +/-£74.67 (+/-1.86%) up or down from last closing price. If Clarkson PLC takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £3,875.00, some £130.00 (3.25%) from the current price of £4,005.00, our system finds the risk reward attractive.
Is Clarkson PLC stock A Buy?
Clarkson PLC holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.371 Strong Buy Candidate Unchanged
Predicted Opening Price for Clarkson PLC of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£3,998.47 ( 0.163%) | £4,005.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CKN.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4,038.06 | 0.83 % | |
R2 | 4,022.94 | 0.448 % | ||
R1 | 4,013.59 | 0.215 % | ||
Current price: | 4,005.00 | |||
Support | S1 | 3,983.35 | -0.541 % | |
S2 | 3,974.01 | -0.774 % | ||
S3 | 3,958.89 | -1.15 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 4,005.00 | |||
Support | S1 | 3,875.00 | -3.25% | |
S2 | 3,480.00 | -13.11% | ||
S3 | 3,465.00 | -13.48% |
CKN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | £72.00 | 1.80% |
2 | Mar 06, 2023 | May 11, 2023 | May 26, 2023 | £64.00 | 2.24% |
3 | Aug 08, 2022 | Sep 01, 2022 | Sep 16, 2022 | £29.00 | 1.09% |
4 | Mar 07, 2022 | May 12, 2022 | May 27, 2022 | £57.00 | 1.82% |
5 | Aug 09, 2021 | Sep 02, 2021 | Sep 17, 2021 | £27.00 | 0.711% |
FAQ
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