Future Plc Stock Forecast
Future Plc stock price ended at £660.50 on Wednesday, after gaining 0.456%.
(Updated on Apr 17, 2024)
The Future Plc stock price gained 0.456% on the last trading day (Wednesday, 17th Apr 2024), rising from £657.50 to £660.50. During the last trading day the stock fluctuated 3.56% from a day low at £648.43 to a day high of £671.50. The price has been going up and down for this period, and there has been a 10.18% gain for the last 2 weeks. Volume fell on the last day by -107 thousand shares and in total, 142 thousand shares were bought and sold for approximately £93.62 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 lies the upper part of a very wide and falling 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 £685.70 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.32% during the next 3 months and, with a 90% probability hold a price between £485.36 and £608.05 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FUTR.L Signals & Forecast
The Future 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 £678.57. On a fall, the stock will find some support from the long-term average at approximately £632.93. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.24%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Future Plc stock
Future Plc finds support from accumulated volume at £634.00 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 £23.08 between high and low, or 3.56%. For the last week, the stock has had daily average volatility of 4.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUTR.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Future Plc to open at £660.14, and during the day (based on 14 day Average True Range), to move between £625.61 and £695.39, which gives a possible trading interval of +/-£34.89 (+/-5.28%) up or down from last closing price. If Future Plc takes out the full calculated possible swing range there will be an estimated 10.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £665.00 (0.68%) than the support at £634.00 (4.01%), 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 Future Plc stock A Buy?
Future Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.100 Sell Candidate Unchanged
Predicted Opening Price for Future Plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £660.14 ( 0.0543%) | £660.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUTR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 683.22 | 3.44 % | |
| R2 | 674.40 | 2.10 % | ||
| R1 | 668.96 | 1.28 % | ||
| Current price: | 660.50 | |||
| Support | S1 | 651.33 | -1.39 % | |
| S2 | 645.88 | -2.21 % | ||
| S3 | 637.07 | -3.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 733.50 | 11.05 % | |
| R2 | 695.00 | 5.22 % | ||
| R1 | 665.00 | 0.681 % | ||
| Current price | 660.50 | |||
| Support | S1 | 634.00 | -4.01% | |
| S2 | 613.50 | -7.12% | ||
| S3 | 577.00 | -12.64% |
FUTR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Jan 18, 2024 | Jan 18, 2024 | £0 | 0% |
| 2 | Nov 30, 2022 | Jan 19, 2023 | Feb 14, 2023 | £3.40 | 0.238% |
| 3 | Nov 30, 2021 | Jan 13, 2022 | Feb 09, 2022 | £2.80 | 0.0970% |
| 4 | Nov 25, 2020 | Jan 14, 2021 | Feb 16, 2021 | £1.60 | 0.0847% |
| 5 | Nov 15, 2019 | Jan 16, 2020 | Feb 14, 2020 | £1.00 | 0.0776% |
FAQ
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