On the Beach Group plc Stock Forecast
Red day on Thursday for On the Beach Group plc stock after losing 1.87%
(Updated on Apr 25, 2024)
The On the Beach Group plc stock price fell by -1.87% on the last day (Thursday, 25th Apr 2024) from £150.00 to £147.20. During the last trading day the stock fluctuated 3.83% from a day low at £146.40 to a day high of £152.00. The price has fallen in 8 of the last 10 days and is down by -9.36% for this period. Volume has increased on the last day by 63 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, 438 thousand shares were bought and sold for approximately £64.51 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £150.00. A reaction back to this level may hold a second chance to get out before further falls.
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OTB.L Signals & Forecast
There are few to no technical positive signals at the moment. The On the Beach Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £152.06 and £154.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -13.72%. 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 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 On the Beach Group plc stock
On the Beach Group plc finds support from accumulated volume at £147.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £5.60 between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OTB.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect On the Beach Group plc to open at £148.53, and during the day (based on 14 day Average True Range), to move between £141.31 and £153.09, which gives a possible trading interval of +/-£5.89 (+/-4.00%) up or down from last closing price. If On the Beach Group plc takes out the full calculated possible swing range there will be an estimated 8.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £147.00 (0.14%) than the resistance at £150.00 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is On the Beach Group plc stock A Buy?
The On the Beach Group plc stock holds several negative signals and despite the positive trend, we believe On the Beach Group plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.544 Sell Candidate Unchanged
Predicted Opening Price for On the Beach Group plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £148.53 ( 0.91%) | £147.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OTB.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154.13 | 4.71 % | |
| R2 | 151.99 | 3.26 % | ||
| R1 | 150.67 | 2.36 % | ||
| Current price: | 147.20 | |||
| Support | S1 | 146.39 | -0.547 % | |
| S2 | 145.07 | -1.45 % | ||
| S3 | 142.93 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 160.40 | 8.97 % | |
| R2 | 160.20 | 8.83 % | ||
| R1 | 150.00 | 1.90 % | ||
| Current price | 147.20 | |||
| Support | S1 | 147.00 | -0.136% | |
| S2 | 146.60 | -0.408% | ||
| S3 | 145.00 | -1.49% |
OTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 27, 2019 | Jan 09, 2020 | Feb 13, 2020 | £2.00 | 0.473% |
| 2 | May 14, 2019 | May 30, 2019 | Jun 28, 2019 | £1.30 | 0.273% |
| 3 | Nov 28, 2018 | Jan 10, 2019 | Feb 14, 2019 | £2.20 | 0.507% |
| 4 | May 10, 2018 | May 31, 2018 | Jun 29, 2018 | £1.10 | 0.219% |
| 5 | Nov 30, 2017 | Jan 11, 2018 | Feb 15, 2018 | £1.90 | 0.358% |
FAQ
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