Qwest Corp Pfd. Stock Forecast
Green day on Tuesday for Qwest Corp Pfd.
(Updated on Apr 23, 2024)
The Qwest Corp Pfd. stock price gained 0.122% on the last trading day (Tuesday, 23rd Apr 2024), rising from £410.50 to £411.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.23% from a day low at £409.00 to a day high of £414.02. The price has risen in 7 of the last 10 days and is up by 1.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 807 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £627.47 million.
The stock lies in the upper part of a narrow and weak 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 £413.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.78% during the next 3 months and, with a 90% probability hold a price between £408.22 and £424.69 at the end of this 3-month period.
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CTY.L Signals & Forecast
The Qwest Corp Pfd. 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 £405.00 and £400.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 5.79%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Qwest Corp Pfd. stock
Qwest Corp Pfd. finds support from accumulated volume at £402.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £5.02 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: £395.38 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (CTY.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Qwest Corp Pfd. to open at £411.34, and during the day (based on 14 day Average True Range), to move between £406.35 and £415.65, which gives a possible trading interval of +/-£4.65 (+/-1.13%) up or down from last closing price. If Qwest Corp Pfd. takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £402.00, some £9.00 (2.19%) from the current price of £411.00, our system finds the risk reward attractive.
Is Qwest Corp Pfd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Qwest Corp Pfd. stock to perform well in the short-term.
Current score: 3.514 Buy Candidate Unchanged
Predicted Opening Price for Qwest Corp Pfd. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £411.34 ( 0.0826%) | £411.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CTY.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 416.36 | 1.30 % | |
| R2 | 414.44 | 0.84 % | ||
| R1 | 413.26 | 0.549 % | ||
| Current price: | 411.00 | |||
| Support | S1 | 409.42 | -0.384 % | |
| S2 | 408.24 | -0.672 % | ||
| S3 | 406.32 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 411.00 | |||
| Support | S1 | 402.00 | -2.19% | |
| S2 | 395.50 | -3.77% | ||
| S3 | 394.50 | -4.01% |
CTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 31, 2024 | £5.25 | 1.28% |
| 2 | Jan 25, 2024 | Jan 25, 2024 | Feb 29, 2024 | £0.0505 | 0.0129% |
| 3 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0505 | 0.0135% |
| 4 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £0.0505 | 0.0124% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | £5.05 | 1.20% |
FAQ
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