Fidelity European Values plc Stock Forecast
Fidelity European Values plc stock price up 0.131% on Thursday
(Updated on Apr 18, 2024)
The Fidelity European Values plc stock price gained 0.131% on the last trading day (Thursday, 18th Apr 2024), rising from £381.00 to £381.50. During the last trading day the stock fluctuated 2.28% from a day low at £379.84 to a day high of £388.50. The price has fallen in 5 of the last 10 days and is down by -2.43% for this period. Volume fell on the last day by -151 thousand shares and in total, 429 thousand shares were bought and sold for approximately £163.73 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.
Given the current short-term trend, the stock is expected to rise 12.52% during the next 3 months and, with a 90% probability hold a price between £429.26 and £455.91 at the end of this 3-month period.
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FEV.L Signals & Forecast
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. The Fidelity European Values 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 £384.57 and £385.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -3.42%. 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).
Support, Risk & Stop-loss for Fidelity European Values plc stock
Fidelity European Values plc finds support from accumulated volume at £373.00 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 £8.66 between high and low, or 2.28%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FEV.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Fidelity European Values plc to open at £383.28, and during the day (based on 14 day Average True Range), to move between £376.06 and £386.94, which gives a possible trading interval of +/-£5.44 (+/-1.42%) up or down from last closing price. If Fidelity European Values plc takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £386.50 (1.31%) than the support at £373.00 (2.23%), 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 Fidelity European Values plc stock A Buy?
The Fidelity European Values plc stock holds several negative signals and despite the positive trend, we believe Fidelity European Values plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.503 Sell Candidate Unchanged
Predicted Opening Price for Fidelity European Values plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £383.28 ( 0.466%) | £381.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEV.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 391.94 | 2.74 % | |
| R2 | 388.63 | 1.87 % | ||
| R1 | 386.59 | 1.33 % | ||
| Current price: | 381.50 | |||
| Support | S1 | 379.97 | -0.401 % | |
| S2 | 377.93 | -0.94 % | ||
| S3 | 374.62 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 394.00 | 3.28 % | |
| R2 | 391.00 | 2.49 % | ||
| R1 | 386.50 | 1.31 % | ||
| Current price | 381.50 | |||
| Support | S1 | 373.00 | -2.23% | |
| S2 | 361.50 | -5.24% | ||
| S3 | 345.50 | -9.44% |
FEV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | May 14, 2024 | £4.99 | 1.31% |
| 2 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | £0.0326 | 0.0095% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | £4.62 | 1.38% |
| 4 | Aug 05, 2022 | Sep 22, 2022 | Oct 28, 2022 | £3.08 | 1.09% |
| 5 | Mar 18, 2022 | Mar 31, 2022 | May 17, 2022 | £4.18 | 1.43% |
FAQ
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