RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MPAC.L
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Mpac Group PLC stock price ended at £456.00 on Wednesday, after losing 0.87%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 9.88% PDF

The Mpac Group PLC stock price fell by -0.87% on the last day (Wednesday, 27th Mar 2024) from £460.00 to £456.00. During the last trading day the stock fluctuated 1.64% from a day low at £456.00 to a day high of £463.50. The price has risen in 8 of the last 10 days and is up by 21.6% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -147 thousand shares and in total, 31 thousand shares were bought and sold for approximately £13.97 million.

The stock lies in the upper part of a very wide and strong rising 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 £471.44 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 35.75% during the next 3 months and, with a 90% probability hold a price between £507.92 and £639.99 at the end of this 3-month period.

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MPAC.L Signals & Forecast

The Mpac 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 £442.00 and £390.30. 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 Monday, March 25, 2024, and so far it has fallen -2.46%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Mpac Group PLC stock

On the downside, the stock finds support just below today's level from accumulated volume at £380.00 and £350.00. 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, Mpac Group PLC finds support just below today's level at £380.00. If this is broken, then the next support from accumulated volume will be at £350.00 and £342.50.

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 £7.50 between high and low, or 1.64%. For the last week, the stock has had daily average volatility of 3.95%.

The Mpac Group PLC stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: £437.10 (-4.15%) (This stock has high daily movements and this gives high risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (MPAC.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Mpac Group PLC to open at £458.50, and during the day (based on 14 day Average True Range), to move between £439.61 and £472.39, which gives a possible trading interval of +/-£16.39 (+/-3.59%) up or down from last closing price. If Mpac Group PLC takes out the full calculated possible swing range there will be an estimated 7.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £460.00 (0.88%) than the support at £380.00 (16.67%), 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 Mpac 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 Mpac Group PLC stock to perform well in the short-term.

Current score: 2.583 Buy Candidate Unchanged

Predicted Opening Price for Mpac Group PLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£458.50 ( 0.548%) £456.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MPAC.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 466.00 2.19 %
R2 463.14 1.56 %
R1 461.37 1.18 %
Current price: 456.00
Support S1 455.64 -0.0800 %
S2 453.87 -0.468 %
S3 451.00 -1.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 467.50 2.52 %
R1 460.00 0.88 %
Current price 456.00
Support S1 380.00 -16.67%
S2 350.00 -23.25%
S3 342.50 -24.89%

MPAC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 04, 2020 Apr 16, 2020 May 15, 2020 £1.50 0.600%
2 Aug 24, 2016 Sep 15, 2016 Oct 13, 2016 £1.25 2.45%
3 Feb 25, 2016 Apr 14, 2016 May 11, 2016 £1.50 2.53%
4 Aug 27, 2015 Sep 17, 2015 Oct 08, 2015 £2.50 3.55%
5 Feb 25, 2015 Apr 23, 2015 May 13, 2015 £3.00 3.66%

FAQ

What is the symbol for Mpac Group PLC Stock and on which exchange is it traded?
The symbol for Mpac Group PLC is MPAC.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Mpac Group PLC Stock?
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 Mpac Group PLC stock to perform well in the short-term.

How to buy Mpac Group PLC Stock?
Mpac Group PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mpac Group PLC Stock.

What's the current price of Mpac Group PLC Stock?
As of the end of day on the 2024-03-27, the price of an Mpac Group PLC (MPAC.L) share was £456.00.

What is the 52-week high and low for Mpac Group PLC Stock?
The 52-week high for Mpac Group PLC Stock is £475.00 and the 52-week low is £183.14.

What is the market capitalization of Mpac Group PLC Stock?
As of the 2024-03-27, the market capitalization of Mpac Group PLC is 92.057M.

When is the next earnings date for Mpac Group PLC?
The upcoming earnings date for Mpac Group PLC is Sep 10, 2024.
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About Mpac Group PLC

Mpac Group PLC Mpac Group plc provides packaging and automation solutions to healthcare, pharmaceutical, and food and beverage sectors worldwide. It operates through Original Equipment and Service segments. The company designs, develops, manufactures, and engineers packaging solutions; offers automation and secondary packaging equipment, end-of-line robotic with integrated testing solutions, and at line instrumentation solutions; and designs and integrates pack... MPAC.L Profile

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