Eurocell Plc Stock Forecast
Red day on Thursday for Eurocell Plc stock after losing 2.19%
(Updated on Apr 25, 2024)
The Eurocell Plc stock price fell by -2.19% on the last day (Thursday, 25th Apr 2024) from £137.00 to £134.00. During the last trading day the stock fluctuated 2.26% from a day low at £133.00 to a day high of £136.00. The price has risen in 6 of the last 10 days and is up by 4.69% over the past 2 weeks. 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 -46 thousand shares and in total, 69 thousand shares were bought and sold for approximately £9.19 million.
The stock lies in the upper part of a wide 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 £137.14 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.54% during the next 3 months and, with a 90% probability hold a price between £122.27 and £146.11 at the end of this 3-month period.
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ECEL.L Signals & Forecast
The Eurocell Plc 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 £134.21. On a fall, the stock will find some support from the long-term average at approximately £124.96. 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. 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 Wednesday, April 24, 2024, and so far it has fallen -2.19%. 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). 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 Eurocell Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £124.00 and £119.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eurocell Plc finds support just below today's level at £124.00. If this is broken, then the next support from accumulated volume will be at £119.00 and £116.50.
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 £3.00 between high and low, or 2.26%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: £127.58 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ECEL.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Eurocell Plc to open at £134.33, and during the day (based on 14 day Average True Range), to move between £130.63 and £137.37, which gives a possible trading interval of +/-£3.37 (+/-2.51%) up or down from last closing price. If Eurocell Plc takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £135.00 (0.75%) than the support at £124.00 (7.46%), 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 Eurocell Plc stock A Buy?
Eurocell Plc 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: -0.441 Hold/Accumulate Unchanged
Predicted Opening Price for Eurocell Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £134.33 ( 0.249%) | £134.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECEL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 137.33 | 2.49 % | |
| R2 | 136.19 | 1.63 % | ||
| R1 | 135.48 | 1.10 % | ||
| Current price: | 134.00 | |||
| Support | S1 | 133.19 | -0.606 % | |
| S2 | 132.48 | -1.13 % | ||
| S3 | 131.33 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 137.00 | 2.24 % | ||
| R1 | 135.00 | 0.746 % | ||
| Current price | 134.00 | |||
| Support | S1 | 124.00 | -7.46% | |
| S2 | 119.00 | -11.19% | ||
| S3 | 116.50 | -13.06% |
ECEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 22, 2024 | £3.50 | 2.61% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £7.20 | 5.81% |
| 3 | Sep 01, 2022 | Sep 15, 2022 | Oct 07, 2022 | £3.50 | 2.55% |
| 4 | Mar 18, 2022 | Apr 21, 2022 | May 18, 2022 | £6.40 | 3.06% |
| 5 | Sep 03, 2021 | Sep 16, 2021 | Oct 08, 2021 | £3.20 | 1.25% |
FAQ
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