Fidelity China Special Situations PLC Stock Forecast
Fidelity China Special Situations PLC stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Fidelity China Special Situations PLC stock price gained 0.235% on the last trading day (Thursday, 25th Apr 2024), rising from £212.50 to £213.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.89% from a day low at £207.50 to a day high of £213.50. The price has risen in 7 of the last 10 days and is up by 2.9% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 760 thousand shares were bought and sold for approximately £161.96 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £212.20, a level that may pose a second chance to hit a runner. According to fan-theory £223.72 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FCSS.L Signals & Forecast
The Fidelity China Special Situations PLC 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 £205.57 and £200.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 12.22%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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).
Support, Risk & Stop-loss for Fidelity China Special Situations PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at £200.00 and £198.40. 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, Fidelity China Special Situations PLC finds support just below today's level at £200.00. If this is broken, then the next support from accumulated volume will be at £198.40 and £198.00.
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 £6.00 between high and low, or 2.89%. For the last week the stock has had daily average volatility of 2.05%.
Since the Fidelity China Special Situations PLC has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: £206.27 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (FCSS.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Fidelity China Special Situations PLC to open at £211.33, and during the day (based on 14 day Average True Range), to move between £209.23 and £216.77, which gives a possible trading interval of +/-£3.77 (+/-1.77%) up or down from last closing price. If Fidelity China Special Situations PLC takes out the full calculated possible swing range there will be an estimated 3.54% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £200.00, some £13.00 (6.10%) from the current price of £213.00, our system finds the risk reward attractive.
Is Fidelity China Special Situations PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Fidelity China Special Situations PLC stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.441 Buy Candidate Upgraded
Predicted Opening Price for Fidelity China Special Situations PLC of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £211.33 ( 0.782%) | £213.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCSS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 217.33 | 2.03 % | |
| R2 | 215.04 | 0.96 % | ||
| R1 | 213.63 | 0.294 % | ||
| Current price: | 213.00 | |||
| Support | S1 | 209.04 | -1.86 % | |
| S2 | 207.63 | -2.52 % | ||
| S3 | 205.33 | -3.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 213.00 | |||
| Support | S1 | 200.00 | -6.10% | |
| S2 | 198.40 | -6.85% | ||
| S3 | 198.00 | -7.04% |
FCSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £6.25 | 2.88% |
| 2 | May 31, 2022 | Jun 14, 2022 | Jul 27, 2022 | £5.50 | 2.13% |
| 3 | Jun 08, 2021 | Jun 17, 2021 | Jul 27, 2021 | £4.68 | 1.37% |
| 4 | Jun 04, 2020 | Jun 18, 2020 | Jul 28, 2020 | £4.25 | 1.42% |
| 5 | Jun 05, 2019 | Jun 27, 2019 | Jul 30, 2019 | £3.85 | 1.69% |
FAQ
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