CRODA INTERNATIONAL PLC Stock Forecast
Stronger technical forecast for CRODA INTERNATIONAL PLC stock price after Thursday trading.
(Updated on Apr 18, 2024)
The CRODA INTERNATIONAL PLC stock price fell by -1.18% on the last day (Thursday, 18th Apr 2024) from £4,907.00 to £4,849.00. During the last trading day the stock fluctuated 2.70% from a day low at £4,775.00 to a day high of £4,904.00. The price has risen in 7 of the last 10 days and is up by 3.81% over the past 2 weeks. Volume has increased on the last day by 469 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 772 thousand shares were bought and sold for approximately £3.74 billion.
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 CRODA INTERNATIONAL PLC stock with a 90% probability to be traded between £4,604.22 and £5,161.00 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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CRDA.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -1.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The CRODA INTERNATIONAL 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 £4,805.29 and £4,773.43. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for CRODA INTERNATIONAL PLC stock
CRODA INTERNATIONAL PLC finds support from accumulated volume at £4,766.00 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 £129.00 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: £4,681.75 (-3.45%) (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 (CRDA.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect CRODA INTERNATIONAL PLC to open at £4,842.67, and during the day (based on 14 day Average True Range), to move between £4,708.74 and £4,989.26, which gives a possible trading interval of +/-£140.26 (+/-2.89%) up or down from last closing price. If CRODA INTERNATIONAL PLC takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £4,766.00 (1.71%) than the resistance at £4,970.00 (2.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CRODA INTERNATIONAL PLC stock A Buy?
CRODA INTERNATIONAL 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.139 Hold/Accumulate Upgraded
Predicted Opening Price for CRODA INTERNATIONAL PLC of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £4,842.67 ( 0.131%) | £4,849.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRDA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,971.67 | 2.53 % | |
| R2 | 4,922.39 | 1.51 % | ||
| R1 | 4,891.94 | 0.89 % | ||
| Current price: | 4,849.00 | |||
| Support | S1 | 4,793.39 | -1.15 % | |
| S2 | 4,762.94 | -1.77 % | ||
| S3 | 4,713.67 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,092.00 | 5.01 % | |
| R2 | 5,024.00 | 3.61 % | ||
| R1 | 4,970.00 | 2.50 % | ||
| Current price | 4,849.00 | |||
| Support | S1 | 4,766.00 | -1.71% | |
| S2 | 4,700.00 | -3.07% | ||
| S3 | 4,517.00 | -6.85% |
CRDA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 29, 2024 | £62.00 | 1.28% |
| 2 | Feb 28, 2023 | Apr 27, 2023 | May 26, 2023 | £61.00 | 0.98% |
| 3 | Jul 29, 2022 | Sep 08, 2022 | Oct 04, 2022 | £47.00 | 0.697% |
| 4 | Mar 01, 2022 | May 05, 2022 | Jun 06, 2022 | £56.50 | 0.82% |
| 5 | Jul 27, 2021 | Sep 09, 2021 | Oct 05, 2021 | £43.50 | 0.515% |
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