4imprint Group plc Stock Forecast
Red day on Wednesday for 4imprint Group plc
(Updated on Apr 24, 2024)
The 4imprint Group plc stock price fell by -2.02% on the last day (Wednesday, 24th Apr 2024) from £6,440.00 to £6,310.00. During the last trading day the stock fluctuated 6.30% from a day low at £6,190.00 to a day high of £6,580.00. The price has risen in 5 of the last 10 days but is still down by -1.1% for this period. Volume has increased on the last day by 4 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, 36 thousand shares were bought and sold for approximately £225.66 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £6,263.81 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.70% during the next 3 months and, with a 90% probability hold a price between £7,622.80 and £8,243.36 at the end of this 3-month period.
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FOUR.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -3.52%. 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. The 4imprint Group 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 £6,292.86 and £6,193.43. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for 4imprint Group plc stock
4imprint Group plc finds support from accumulated volume at £6,200.00 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 £390.00 between high and low, or 6.30%. For the last week the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: £6,078.88 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (FOUR.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect 4imprint Group plc to open at £6,360.00, and during the day (based on 14 day Average True Range), to move between £6,058.53 and £6,561.47, which gives a possible trading interval of +/-£251.47 (+/-3.99%) up or down from last closing price. If 4imprint Group plc takes out the full calculated possible swing range there will be an estimated 7.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £6,340.00 (0.48%) than the support at £6,200.00 (1.74%), 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 4imprint Group plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for 4imprint Group plc stock to perform well in the short-term.
Current score: 1.236 Buy Candidate Unchanged
Predicted Opening Price for 4imprint Group plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £6,360.00 ( 0.792%) | £6,310.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOUR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,750.00 | 6.97 % | |
| R2 | 6,601.02 | 4.61 % | ||
| R1 | 6,508.98 | 3.15 % | ||
| Current price: | 6,310.00 | |||
| Support | S1 | 6,211.02 | -1.57 % | |
| S2 | 6,118.98 | -3.03 % | ||
| S3 | 5,970.00 | -5.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,540.00 | 3.65 % | |
| R2 | 6,450.00 | 2.22 % | ||
| R1 | 6,340.00 | 0.475 % | ||
| Current price | 6,310.00 | |||
| Support | S1 | 6,200.00 | -1.74% | |
| S2 | 5,470.00 | -13.31% | ||
| S3 | 5,400.00 | -14.42% |
FOUR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | Jun 03, 2024 | £117.00 | 1.85% |
| 2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | £165.38 | 3.86% |
| 3 | Aug 10, 2022 | Aug 18, 2022 | Sep 16, 2022 | £33.01 | 0.91% |
| 4 | Mar 16, 2022 | Apr 28, 2022 | May 31, 2022 | £22.99 | 0.86% |
| 5 | Aug 11, 2021 | Aug 26, 2021 | Sep 21, 2021 | £10.83 | 0.347% |
FAQ
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