Mpac Group PLC Stock Forecast
Mpac Group PLC stock price ended at £456.00 on Wednesday, after losing 0.87%.
(Updated on Mar 27, 2024)
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
# | 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
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