CRH PLC Stock Forecast
CRH PLC stock price ended at $78.55 on Friday, after gaining 1.75%.
(Updated on Apr 26, 2024)
The CRH PLC stock price gained 1.75% on the last trading day (Friday, 26th Apr 2024), rising from $77.20 to $78.55. During the last trading day the stock fluctuated 1.28% from a day low at $78.00 to a day high of $79.00. The price has fallen in 7 of the last 10 days and is down by -4.72% for this period. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately $179.32 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $77.34 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 10.97% during the next 3 months and, with a 90% probability hold a price between $85.83 and $100.29 at the end of this 3-month period.
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CRH Signals & Forecast
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. The CRH PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $82.87. On a fall, the stock will find some support from the short-term average at $77.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -9.92%. 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).
Support, Risk & Stop-loss for CRH PLC stock
CRH PLC finds support from accumulated volume at $77.20 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 $1.00 between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 2.14%.
CRH PLC is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRH) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CRH PLC to open at $78.52, and during the day (based on 14 day Average True Range), to move between $76.72 and $80.38, which gives a possible trading interval of +/-$1.83 (+/-2.33%) up or down from last closing price. If CRH PLC takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $79.32 (0.98%) than the support at $77.20 (1.72%), 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 CRH PLC stock A Buy?
The CRH PLC stock holds several negative signals and despite the positive trend, we believe CRH PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.808 Sell Candidate Unchanged
Predicted Opening Price for CRH PLC of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $78.52 ( 0.0424%) | $78.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.52 | 1.23 % | |
| R2 | 79.13 | 0.744 % | ||
| R1 | 78.90 | 0.444 % | ||
| Current price: | 78.55 | |||
| Support | S1 | 78.13 | -0.529 % | |
| S2 | 77.90 | -0.83 % | ||
| S3 | 77.52 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.31 | 7.33 % | |
| R2 | 82.55 | 5.09 % | ||
| R1 | 79.32 | 0.98 % | ||
| Current price | 78.55 | |||
| Support | S1 | 77.20 | -1.72% | |
| S2 | 72.14 | -8.16% | ||
| S3 | 70.72 | -9.97% |
CRH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 14, 2024 | Apr 17, 2024 | $0.262 | 0.334% |
| 2 | Nov 21, 2023 | Dec 14, 2023 | Jan 17, 2024 | $0.81 | 1.19% |
| 3 | Aug 24, 2023 | Oct 19, 2023 | Nov 22, 2023 | $0.190 | 0.310% |
| 4 | Mar 06, 2023 | Mar 16, 2023 | May 11, 2023 | $1.03 | 2.07% |
| 5 | Aug 29, 2022 | Sep 08, 2022 | Oct 14, 2022 | $0.240 | 0.753% |
FAQ
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