Gooch & Housego PLC Stock Forecast
Green day on Thursday for Gooch & Housego PLC stock after gaining 1.45%
(Updated on Apr 25, 2024)
The Gooch & Housego PLC stock price gained 1.45% on the last trading day (Thursday, 25th Apr 2024), rising from £550.00 to £558.00. During the last trading day the stock fluctuated 2.73% from a day low at £550.00 to a day high of £565.00. The price has risen in 5 of the last 10 days and is up by 2.95% over the past 2 weeks. Volume fell on the last day by -472 thousand shares and in total, 12 thousand shares were bought and sold for approximately £6.69 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 £558.85 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 -14.88% during the next 3 months and, with a 90% probability hold a price between £332.09 and £475.71 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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GHH.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.712%. 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). The Gooch & Housego 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 £550.86 and £528.03. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Gooch & Housego PLC stock
Gooch & Housego PLC finds support from accumulated volume at £550.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £15.00 (2.73%) between high and low. For the last week, the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GHH.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Gooch & Housego PLC to open at £557.67, and during the day (based on 14 day Average True Range), to move between £532.64 and £583.36, which gives a possible trading interval of +/-£25.36 (+/-4.54%) up or down from last closing price. If Gooch & Housego PLC takes out the full calculated possible swing range there will be an estimated 9.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £550.00 (1.43%) than the resistance at £616.00 (10.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gooch & Housego PLC stock A Buy?
Gooch & Housego 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: -1.494 Sell Candidate Unchanged
Predicted Opening Price for Gooch & Housego PLC of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £557.67 ( 0.0597%) | £558.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GHH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 572.67 | 2.63 % | |
| R2 | 566.94 | 1.60 % | ||
| R1 | 563.40 | 0.97 % | ||
| Current price: | 558.00 | |||
| Support | S1 | 551.94 | -1.09 % | |
| S2 | 548.40 | -1.72 % | ||
| S3 | 542.67 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 670.00 | 20.07 % | |
| R2 | 624.00 | 11.83 % | ||
| R1 | 616.00 | 10.39 % | ||
| Current price | 558.00 | |||
| Support | S1 | 550.00 | -1.43% | |
| S2 | 510.00 | -8.60% | ||
| S3 | 485.00 | -13.08% |
GHH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Jan 18, 2024 | Jan 18, 2024 | £0 | 0% |
| 2 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £4.80 | 0.769% |
| 3 | Dec 06, 2022 | Jan 19, 2023 | Feb 24, 2023 | £7.90 | 1.60% |
| 4 | Jun 07, 2022 | Jun 23, 2022 | Jul 29, 2022 | £4.70 | 0.540% |
| 5 | Nov 30, 2021 | Jan 20, 2022 | Feb 25, 2022 | £7.70 | 0.744% |
FAQ
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