Carpetright plc Stock Forecast
Carpetright plc stock price ended at £0.0495 on Monday, after losing 0%.
(Updated on Feb 10, 2020)
No changes to the price of Carpetright plc stock on the last trading day (Monday, 10th Feb 2020). During the last trading day the stock fluctuated 0% from a day low at £0.0495 to a day high of £0.0495. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a wide and weak 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 4.53% during the next 3 months and, with a 90% probability hold a price between £0.0466 and £0.0537 at the end of this 3-month period.
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CPR.L Signals & Forecast
The Carpetright 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 £0.0495 and £0.0492. 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, February 07, 2020, 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 Carpetright plc stock
Carpetright plc finds support from accumulated volume at £0.0493 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 0%
Our recommended stop-loss: £0.0475 (-4.00%) (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 (CPR.L) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Carpetright plc to open at £0.0495, and during the day (based on 14 day Average True Range), to move between £0.0488 and £0.0502, which gives a possible trading interval of +/-£0.0007 (+/-1.44%) up or down from last closing price. If Carpetright plc takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.0497 (0.40%) than the support at £0.0493 (0.40%), 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 Carpetright plc stock A Buy?
Carpetright 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: -0.070 Hold/Accumulate Unchanged
Predicted Opening Price for Carpetright plc of Tuesday, February 11, 2020
Fair opening price February 11, 2020 | Current price |
---|---|
£0.0495 ( 0.00000000%) | £0.0495 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPR.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0495 | 0.00000000 % | |
R2 | 0.0495 | 0.00000000 % | ||
R1 | 0.0495 | 0.00000000 % | ||
Current price: | 0.0495 | |||
Support | S1 | 0.0495 | 0.00000000 % | |
S2 | 0.0495 | 0.00000000 % | ||
S3 | 0.0495 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0501 | 1.21 % | |
R2 | 0.0498 | 0.606 % | ||
R1 | 0.0497 | 0.404 % | ||
Current price | 0.0495 | |||
Support | S1 | 0.0493 | -0.404% | |
S2 | 0.0490 | -1.01% | ||
S3 | 0.0487 | -1.62% |
FAQ
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