Manolete Partners Plc Stock Forecast
Manolete Partners Plc stock price down 0% on Tuesday
(Updated on Apr 23, 2024)
No changes to the price of Manolete Partners Plc stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 3.57% from a day low at £140.00 to a day high of £145.00. The price has fallen in 4 of the last 10 days but is still up by 13.28% over the past 2 weeks.
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 £146.64 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 -15.39% during the next 3 months and, with a 90% probability hold a price between £85.07 and £124.08 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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MANO.L Signals & Forecast
The Manolete Partners 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 £136.19 and £124.25. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 19, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Manolete Partners Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £125.00 and £122.50. 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, Manolete Partners Plc finds support just below today's level at £125.00. If this is broken, then the next support from accumulated volume will be at £122.50 and £115.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £5.00 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 8.50%.
Our recommended stop-loss: £139.01 (-4.13%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (MANO.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Manolete Partners Plc to open at £143.33, and during the day (based on 14 day Average True Range), to move between £136.00 and £154.00, which gives a possible trading interval of +/-£9.00 (+/-6.21%) up or down from last closing price. If Manolete Partners Plc takes out the full calculated possible swing range there will be an estimated 12.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £147.50 (1.72%) than the support at £125.00 (13.79%), 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 Manolete Partners Plc stock A Buy?
Manolete Partners Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.225 Hold/Accumulate Unchanged
Predicted Opening Price for Manolete Partners Plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £143.33 ( 1.15%) | £145.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MANO.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 148.33 | 2.30 % | |
| R2 | 146.42 | 0.98 % | ||
| R1 | 145.24 | 0.168 % | ||
| Current price: | 145.00 | |||
| Support | S1 | 141.42 | -2.47 % | |
| S2 | 140.24 | -3.28 % | ||
| S3 | 138.33 | -4.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157.50 | 8.62 % | |
| R2 | 150.00 | 3.45 % | ||
| R1 | 147.50 | 1.72 % | ||
| Current price | 145.00 | |||
| Support | S1 | 125.00 | -13.79% | |
| S2 | 122.50 | -15.52% | ||
| S3 | 115.00 | -20.69% |
MANO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 23, 2022 | Sep 08, 2022 | Oct 06, 2022 | £0.500 | 0.244% |
| 2 | Nov 11, 2021 | Dec 16, 2021 | Jan 06, 2022 | £0.390 | 0.146% |
| 3 | Jun 23, 2021 | Sep 09, 2021 | Oct 07, 2021 | £1.00 | 0.317% |
| 4 | Nov 10, 2020 | Nov 26, 2020 | Dec 17, 2020 | £1.17 | 0.450% |
| 5 | Jul 03, 2020 | Sep 10, 2020 | Sep 30, 2020 | £3.00 | 0.97% |
FAQ
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