GB00B8HX8Z88 - Common Stock
Taking everything into account, MDC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MDC has proven to be a steady performer, scoring decent points in every aspect analyzed.
MDC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 499.3. Right above this resistance zone may be a good entry point.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @500.02. This is a Buy Stop order right above the resistance zone.||An exit @483.59. This is a Stop Loss order right below the 10 day low.||The worst case loss on the trade is limited to 16.43 points, which is 3.29%.||When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%.|
LON:MDC (8/17/2022, 12:24:56 PM)-0.2 (-0.04%)
|2 Weeks||1.89%||1 Month||4.99%|
|3 Month||38.79%||6 Month||47.36%|
|ATR Inc||-61.38%||Range Today||1|
|ST Trend||LT Trend|
|10 Day High||502.25||10 Day Low||483.6|
|20 Day High||502.25||20 Day Low||471.6|
|52 Week High||502.25||52 Week Low||286.4|
|CS1 End||440.19||CR1 Start||499.3|
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