CVS Group Plc Stock Forecast
Red day on Monday for CVS Group Plc stock after losing 1.50%
(Updated on Apr 15, 2024)
The CVS Group Plc stock price fell by -1.50% on the last day (Monday, 15th Apr 2024) from £936.00 to £922.00. During the last trading day the stock fluctuated 3.36% from a day low at £922.00 to a day high of £953.00. The price has fallen in 7 of the last 10 days and is down by -5.44% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -390 thousand shares and in total, 219 thousand shares were bought and sold for approximately £201.55 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -48.50% during the next 3 months and, with a 90% probability hold a price between £366.63 and £525.80 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
CVSG.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 CVS Group 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 £934.86 and £1,168.91. 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 21, 2024, and so far it has fallen -10.49%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CVS Group 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.
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 £31.00 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CVSG.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect CVS Group Plc to open at £932.33, and during the day (based on 14 day Average True Range), to move between £865.92 and £978.08, which gives a possible trading interval of +/-£56.08 (+/-6.08%) up or down from last closing price. If CVS Group Plc takes out the full calculated possible swing range there will be an estimated 12.17% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £1,030.00, some £108.00 (11.71%) from the current price of £922.00, our system finds the risk reward not very attractive.
Is CVS Group Plc stock A Buy?
CVS Group Plc holds several negative signals and is within a very 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: -2.450 Sell Candidate Unchanged
Predicted Opening Price for CVS Group Plc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £932.33 ( 1.12%) | £922.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CVSG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 963.33 | 4.48 % | |
| R2 | 951.49 | 3.20 % | ||
| R1 | 944.18 | 2.41 % | ||
| Current price: | 922.00 | |||
| Support | S1 | 920.49 | -0.164 % | |
| S2 | 913.18 | -0.96 % | ||
| S3 | 901.33 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,092.00 | 18.44 % | |
| R2 | 1,077.00 | 16.81 % | ||
| R1 | 1,030.00 | 11.71 % | ||
| Current price | 922.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CVSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 28, 2022 | Nov 17, 2022 | Dec 02, 2022 | £7.00 | 0.332% |
| 2 | Oct 29, 2021 | Nov 18, 2021 | Dec 03, 2021 | £6.50 | 0.304% |
| 3 | Sep 27, 2019 | Nov 21, 2019 | Dec 06, 2019 | £5.50 | 0.521% |
| 4 | Sep 27, 2018 | Nov 22, 2018 | Dec 07, 2018 | £5.00 | 0.796% |
| 5 | Sep 29, 2017 | Nov 23, 2017 | Dec 08, 2017 | £4.50 | 0.405% |
FAQ
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