M Winkworth plc Stock Forecast
M Winkworth plc stock price ended at £1.46 on Wednesday, after losing 0%.
(Updated on Sep 02, 2020)
No changes to the price of M Winkworth plc stock on the last trading day (Wednesday, 2nd Sep 2020). During the last trading day the stock fluctuated 0% from a day low at £1.33 to a day high of £1.33. The price has been going up and down for this period, and there has been a 18.7% gain for the last 2 weeks.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.15% during the next 3 months and, with a 90% probability hold a price between £1.40 and £1.43 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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WINK.L Signals & Forecast
The M Winkworth 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 £1.40 and £1.37. A breakdown below any of these levels will issue sell signals. 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 Tuesday, November 30, -1. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for M Winkworth plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: £0.0700 (-5.00%) (Unable to calculate.)
Trading Expectations (WINK.L) For The Upcoming Trading Day Of Thursday 3rd
With no support below and resistance from accumulated volume @ £1.50, some £0.0400 (2.74%) from the current price of £1.46, our system finds the risk reward not very attractive.
Is M Winkworth plc stock A Buy?
M Winkworth 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for M Winkworth plc of Thursday, September 3, 2020
| Fair opening price September 3, 2020 | Current price |
|---|---|
| £1.37 ( 5.94%) | £1.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WINK.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.37 | -5.94 % | |
| R2 | 1.37 | -5.94 % | ||
| R1 | 1.37 | -5.94 % | ||
| Current price: | 1.46 | |||
| Support | S1 | 1.37 | -5.94 % | |
| S2 | 1.37 | -5.94 % | ||
| S3 | 1.37 | -5.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1.50 | 2.74 % | ||
| Current price | 1.46 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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