Mothercare plc Stock Forecast
Mothercare plc stock price up more than 5.56% on Wednesday
(Updated on Apr 17, 2024)
The Mothercare plc stock price gained 5.56% on the last trading day (Wednesday, 17th Apr 2024), rising from £5.31 to £5.60. During the last trading day the stock fluctuated 9.81% from a day low at £5.30 to a day high of £5.82. The price has been going up and down for this period, and there has been a -3.45% loss for the last 2 weeks. Volume fell on the last day by -172 thousand shares and in total, 34 thousand shares were bought and sold for approximately £191.41 thousand. 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 in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £5.27 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.07% during the next 3 months and, with a 90% probability hold a price between £4.00 and £5.32 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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MTC.L Signals & Forecast
There are mixed signals in the stock today. The Mothercare plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £6.72. On a fall, the stock will find some support from the short-term average at £5.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.56%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Mothercare plc stock
Mothercare plc finds support from accumulated volume at £5.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.520 between high and low, or 9.81%. For the last week the stock has had daily average volatility of 7.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MTC.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Mothercare plc to open at £5.57, and during the day (based on 14 day Average True Range), to move between £5.00 and £6.20, which gives a possible trading interval of +/-£0.604 (+/-10.79%) up or down from last closing price. If Mothercare plc takes out the full calculated possible swing range there will be an estimated 21.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £5.58 (0.41%) than the resistance at £5.80 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mothercare plc stock A Buy?
Mothercare 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.625 Sell Candidate Downgraded
Predicted Opening Price for Mothercare plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £5.57 ( 0.476%) | £5.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.09 | 8.81 % | |
| R2 | 5.89 | 5.26 % | ||
| R1 | 5.77 | 3.07 % | ||
| Current price: | 5.60 | |||
| Support | S1 | 5.37 | -4.02 % | |
| S2 | 5.25 | -6.21 % | ||
| S3 | 5.05 | -9.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.80 | 21.43 % | |
| R2 | 6.35 | 13.39 % | ||
| R1 | 5.80 | 3.57 % | ||
| Current price | 5.60 | |||
| Support | S1 | 5.58 | -0.411% | |
| S2 | 5.55 | -0.89% | ||
| S3 | 5.31 | -5.27% |
MTC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 17, 2011 | Jan 04, 2012 | Feb 03, 2012 | £1.31 | 0.97% |
| 2 | May 18, 2011 | Jun 01, 2011 | Jun 01, 2011 | £7.81 | 2.76% |
| 3 | Nov 17, 2010 | Jan 05, 2011 | Feb 04, 2011 | £4.20 | 1.22% |
| 4 | May 20, 2010 | Jun 02, 2010 | Aug 06, 2010 | £7.41 | 2.18% |
| 5 | Nov 18, 2009 | Jan 06, 2010 | Feb 05, 2010 | £3.61 | 0.86% |
FAQ
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