Charles River Laboratories Stock Forecast
Charles River Laboratories stock price ended at £25.00 on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)
No changes to the price of Charles River Laboratories stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 8.33% from a day low at £24.00 to a day high of £26.00. The price has risen in 5 of the last 10 days and is up by 11.11% over the past 2 weeks.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £26.08 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.54% during the next 3 months and, with a 90% probability hold a price between £20.60 and £28.83 at the end of this 3-month period.
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CRL.L Signals & Forecast
The Charles River Laboratories stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £25.24. On a fall, the stock will find some support from the long-term average at approximately £21.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, March 25, 2024, and so far it has fallen -3.85%. 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".
Support, Risk & Stop-loss for Charles River Laboratories stock
Charles River Laboratories finds support from accumulated volume at £24.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £2.00 between high and low, or 8.33%. For the last week the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: £23.77 (-4.90%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CRL.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Charles River Laboratories to open at £25.00, and during the day (based on 14 day Average True Range), to move between £23.35 and £26.65, which gives a possible trading interval of +/-£1.65 (+/-6.60%) up or down from last closing price. If Charles River Laboratories takes out the full calculated possible swing range there will be an estimated 13.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £25.40 (1.60%) than the support at £24.50 (2.00%), 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 Charles River Laboratories stock A Buy?
Charles River Laboratories 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: 0.723 Hold/Accumulate Unchanged
Predicted Opening Price for Charles River Laboratories of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£25.00 ( 0%) | £25.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.00 | 8.00 % | |
R2 | 26.24 | 4.94 % | ||
R1 | 25.76 | 3.06 % | ||
Current price: | 25.00 | |||
Support | S1 | 24.24 | -3.06 % | |
S2 | 23.76 | -4.94 % | ||
S3 | 23.00 | -8.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 26.00 | 4.00 % | ||
R1 | 25.40 | 1.60 % | ||
Current price | 25.00 | |||
Support | S1 | 24.50 | -2.00% | |
S2 | 22.50 | -10.00% | ||
S3 | 20.16 | -19.36% |
CRL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 30, 2021 | Jan 13, 2022 | Feb 11, 2022 | £0.150 | 0.197% |
2 | Aug 25, 2021 | Sep 02, 2021 | Oct 03, 2021 | £0.500 | 0.452% |
3 | Dec 09, 2020 | Dec 17, 2020 | Jan 15, 2021 | £0.150 | 0.246% |
4 | Sep 08, 2020 | Oct 08, 2020 | Oct 30, 2020 | £0.500 | 1.03% |
5 | Nov 20, 2019 | Nov 28, 2019 | Dec 18, 2019 | £0.150 | 0.349% |
FAQ
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