Greencoat UK Wind Plc Stock Forecast
Greencoat UK Wind Plc stock price up 1.72% on Tuesday
(Updated on Apr 23, 2024)
The Greencoat UK Wind Plc stock price gained 1.72% on the last trading day (Tuesday, 23rd Apr 2024), rising from £139.20 to £141.60. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.30% from a day low at £139.00 to a day high of £142.20. The price has risen in 6 of the last 10 days and is up by 2.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 725 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately £584.71 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £145.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Greencoat UK Wind Plc stock with a 90% probability to be traded between £126.79 and £144.78 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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UKW.L Signals & Forecast
The Greencoat UK Wind 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 £138.40 and £137.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 16, 2024, and so far it has risen 11.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Greencoat UK Wind Plc stock
Greencoat UK Wind Plc finds support from accumulated volume at £137.60 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 £3.20 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: £136.36 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (UKW.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Greencoat UK Wind Plc to open at £140.93, and during the day (based on 14 day Average True Range), to move between £139.06 and £144.14, which gives a possible trading interval of +/-£2.54 (+/-1.79%) up or down from last closing price. If Greencoat UK Wind Plc takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £143.40 (1.27%) than the support at £137.60 (2.82%), 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 Greencoat UK Wind Plc stock A Buy?
Greencoat UK Wind 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: 0.547 Hold/Accumulate Unchanged
Predicted Opening Price for Greencoat UK Wind Plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £140.93 ( 0.471%) | £141.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UKW.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.13 | 1.79 % | |
| R2 | 142.91 | 0.93 % | ||
| R1 | 142.16 | 0.392 % | ||
| Current price: | 141.60 | |||
| Support | S1 | 139.71 | -1.33 % | |
| S2 | 138.96 | -1.87 % | ||
| S3 | 137.73 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.70 | 2.19 % | |
| R2 | 144.20 | 1.84 % | ||
| R1 | 143.40 | 1.27 % | ||
| Current price | 141.60 | |||
| Support | S1 | 137.60 | -2.82% | |
| S2 | 137.50 | -2.90% | ||
| S3 | 136.30 | -3.74% |
UKW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | £0.0219 | 0.0153% |
| 2 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £0.0219 | 0.0156% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £2.19 | 1.37% |
| 4 | Jan 23, 2023 | Feb 09, 2023 | Feb 24, 2023 | £1.93 | 1.24% |
| 5 | Oct 24, 2022 | Nov 10, 2022 | Nov 25, 2022 | £1.93 | 1.25% |
FAQ
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