Mothercare plc Stock Forecast
Strong day for Mothercare plc stock price on Tuesday rising 9.43% to £5.80
(Updated on Apr 23, 2024)
The Mothercare plc stock price gained 9.43% on the last trading day (Tuesday, 23rd Apr 2024), rising from £5.30 to £5.80. During the last trading day the stock fluctuated 5.21% from a day low at £5.51 to a day high of £5.80. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 231 thousand more shares were traded than the day before. In total, 528 thousand shares were bought and sold for approximately £3.06 million.
The stock lies in the middle of a very wide 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 -26.90% during the next 3 months and, with a 90% probability hold a price between £3.85 and £4.93 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
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 9.43%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 £6.50. On a fall, the stock will find some support from the short-term average at £5.52. 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.
Support, Risk & Stop-loss for Mothercare plc stock
Mothercare plc finds support from accumulated volume at £5.65 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.287 between high and low, or 5.21%. For the last week, the stock has had daily average volatility of 9.50%.
Our recommended stop-loss: £5.57 (-4.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (MTC.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Mothercare plc to open at £5.70, and during the day (based on 14 day Average True Range), to move between £5.20 and £6.40, which gives a possible trading interval of +/-£0.596 (+/-10.27%) up or down from last closing price. If Mothercare plc takes out the full calculated possible swing range there will be an estimated 20.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £5.65 (2.59%) than the resistance at £6.35 (9.48%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.983 Hold/Accumulate Upgraded
Predicted Opening Price for Mothercare plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £5.70 ( 1.65%) | £5.80 |
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 | 5.99 | 3.30 % | |
| R2 | 5.88 | 1.41 % | ||
| R1 | 5.81 | 0.241 % | ||
| Current price: | 5.80 | |||
| Support | S1 | 5.59 | -3.54 % | |
| S2 | 5.53 | -4.71 % | ||
| S3 | 5.42 | -6.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.20 | 24.14 % | |
| R2 | 6.80 | 17.24 % | ||
| R1 | 6.35 | 9.48 % | ||
| Current price | 5.80 | |||
| Support | S1 | 5.65 | -2.59% | |
| S2 | 5.55 | -4.31% | ||
| S3 | 5.30 | -8.62% |
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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