Man Group plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Man Group plc stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The Man Group plc stock price fell by -0.327% on the last day (Thursday, 25th Apr 2024) from £244.80 to £244.00. During the last trading day the stock fluctuated 2.98% from a day low at £242.00 to a day high of £249.20. The price has been going up and down for this period, and there has been a -7.85% loss for the last 2 weeks. Volume has increased on the last day by 492 thousand 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 £626.33 million.
Given the current short-term trend, the stock is expected to rise 15.93% during the next 3 months and, with a 90% probability hold a price between £282.88 and £331.62 at the end of this 3-month period.
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EMG.L Signals & Forecast
There are few to no technical positive signals at the moment. The Man 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 £252.51 and £259.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -12.17%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Man Group plc stock
Man Group plc finds support from accumulated volume at £240.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £7.20 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: £231.35 (-5.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (EMG.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Man Group plc to open at £245.07, and during the day (based on 14 day Average True Range), to move between £236.78 and £251.22, which gives a possible trading interval of +/-£7.22 (+/-2.96%) up or down from last closing price. If Man Group plc takes out the full calculated possible swing range there will be an estimated 5.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £246.20 (0.90%) than the support at £240.10 (1.60%), 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 Man Group plc stock A Buy?
Man Group plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.591 Hold/Accumulate Upgraded
Predicted Opening Price for Man Group plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £245.07 ( 0.437%) | £244.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 252.27 | 3.39 % | |
| R2 | 249.52 | 2.26 % | ||
| R1 | 247.82 | 1.56 % | ||
| Current price: | 244.00 | |||
| Support | S1 | 242.32 | -0.690 % | |
| S2 | 240.62 | -1.39 % | ||
| S3 | 237.87 | -2.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 269.00 | 10.25 % | |
| R2 | 264.60 | 8.44 % | ||
| R1 | 246.20 | 0.90 % | ||
| Current price | 244.00 | |||
| Support | S1 | 240.10 | -1.60% | |
| S2 | 237.80 | -2.54% | ||
| S3 | 232.70 | -4.63% |
EMG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 22, 2024 | £8.46 | 3.47% |
| 2 | Feb 28, 2023 | Apr 06, 2023 | May 19, 2023 | £8.07 | 3.70% |
| 3 | Aug 02, 2022 | Aug 11, 2022 | Sep 09, 2022 | £4.70 | 1.83% |
| 4 | Mar 01, 2022 | Apr 07, 2022 | May 20, 2022 | £6.74 | 2.85% |
| 5 | Jul 28, 2021 | Aug 05, 2021 | Sep 03, 2021 | £4.06 | 1.87% |
FAQ
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