Crest Nicholson Holdings Plc Stock Forecast
Red day on Wednesday for Crest Nicholson Holdings Plc stock after losing 3.76%
(Updated on Apr 24, 2024)
The Crest Nicholson Holdings Plc stock price fell by -3.76% on the last day (Wednesday, 24th Apr 2024) from £191.40 to £184.20. During the last trading day the stock fluctuated 4.60% from a day low at £182.80 to a day high of £191.20. The price has been going up and down for this period, and there has been a -1.6% loss for the last 2 weeks. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately £580.15 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (£188.98) are considered to be a "second chance" to get out. According to the fan-theory £165.87 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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CRST.L Signals & Forecast
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. The Crest Nicholson Holdings Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £186.70 and £199.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -18.35%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Thursday, March 14, 2024 with a target of £192.33. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Crest Nicholson Holdings Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £8.40 between high and low, or 4.60%. For the last week the stock has had daily average volatility of 3.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRST.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Crest Nicholson Holdings Plc to open at £186.07, and during the day (based on 14 day Average True Range), to move between £177.44 and £190.96, which gives a possible trading interval of +/-£6.76 (+/-3.67%) up or down from last closing price. If Crest Nicholson Holdings Plc takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £197.00, some £12.80 (6.95%) from the current price of £184.20, our system finds the risk reward not very attractive.
Is Crest Nicholson Holdings Plc stock A Buy?
Crest Nicholson Holdings Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.052 Sell Candidate Unchanged
Predicted Opening Price for Crest Nicholson Holdings Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £186.07 ( 1.01%) | £184.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRST.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 194.47 | 5.57 % | |
| R2 | 191.26 | 3.83 % | ||
| R1 | 189.28 | 2.76 % | ||
| Current price: | 184.20 | |||
| Support | S1 | 182.86 | -0.729 % | |
| S2 | 180.88 | -1.80 % | ||
| S3 | 177.67 | -3.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 208.20 | 13.03 % | |
| R2 | 203.60 | 10.53 % | ||
| R1 | 197.00 | 6.95 % | ||
| Current price | 184.20 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CRST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 23, 2024 | £11.50 | 6.01% |
| 2 | Jan 17, 2023 | Mar 16, 2023 | Apr 05, 2023 | £11.50 | 5.32% |
| 3 | Jun 14, 2022 | Sep 22, 2022 | Oct 13, 2022 | £5.50 | 2.95% |
| 4 | Jan 19, 2022 | Mar 17, 2022 | Apr 08, 2022 | £9.50 | 3.48% |
| 5 | Jun 24, 2021 | Sep 23, 2021 | Oct 14, 2021 | £4.10 | 1.11% |
FAQ
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