Network International Holdings Plc Stock Forecast
Red day on Thursday for Network International Holdings Plc stock after losing 0.0508%
(Updated on Apr 18, 2024)
The Network International Holdings Plc stock price fell by -0.0508% on the last day (Thursday, 18th Apr 2024) from £394.00 to £393.80. During the last trading day the stock fluctuated 0.125% from a day low at £393.60 to a day high of £394.09. The price has fallen in 5 of the last 10 days but is still up by 0.05% over the past 2 weeks. Volume has increased on the last day by 494 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately £497.51 million.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £394.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Network International Holdings Plc stock with a 90% probability to be traded between £393.32 and £400.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NETW.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -0.0508%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Network International Holdings 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 £393.77 and £389.36. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Network International Holdings Plc stock
Network International Holdings Plc finds support from accumulated volume at £393.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £0.493 between high and low, or 0.125%. For the last week the stock has had daily average volatility of 0.209%.
Our recommended stop-loss: £381.91 (-3.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (NETW.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Network International Holdings Plc to open at £393.83, and during the day (based on 14 day Average True Range), to move between £392.48 and £395.12, which gives a possible trading interval of +/-£1.32 (+/-0.33%) up or down from last closing price. If Network International Holdings Plc takes out the full calculated possible swing range there will be an estimated 0.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £394.00 (0.05%) than the support at £393.20 (0.15%), 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.
Earnings coming up
Network International Holdings Plc will release earnings BMO on Friday, April 19, 2024. We will update the financials statements for Network International Holdings Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.15% in the first trading day after earnings release.
Is Network International Holdings Plc stock A Buy?
Network International Holdings 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: -0.268 Hold/Accumulate Unchanged
Predicted Opening Price for Network International Holdings Plc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
£393.83 ( 0.0079%) | £393.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NETW.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 394.32 | 0.133 % | |
R2 | 394.14 | 0.0852 % | ||
R1 | 394.02 | 0.0557 % | ||
Current price: | 393.80 | |||
Support | S1 | 393.64 | -0.0399 % | |
S2 | 393.53 | -0.0695 % | ||
S3 | 393.34 | -0.117 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 394.00 | 0.0508 % | ||
Current price | 393.80 | |||
Support | S1 | 393.20 | -0.152% | |
S2 | 386.40 | -1.88% | ||
S3 | 386.00 | -1.98% |
NETW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 09, 2020 | May 07, 2020 | May 28, 2020 | £3.10 | 0.661% |
FAQ
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