United

Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>When publishing, MANU stock was below 20,50,100 and 200 day EMAs.</a> </li> 
 <li> <span>2</span> <a>The annual price of Manchester United stock is $21.41.</a> </li> 
 <li> <span>3</span> <a>MANU stock price declined over 18% in the year-to-date time frame.</a> </li> 
</ul> 
<p>MANU stock price has been declining steadily since the beginning of 2023 as it lost 18.91% of its trading value in the year-to-date time frame.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-manchester-united-manu-stock-price-analysis-strong"><strong>Manchester United (MANU) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52 weeks time frame, MANU stock peaked at $27.34 while the lowest traded price was $12.16. A major gap in Manchester stock price was seen on September 05 &amp; 06.</p> 
<p>When publishing, MANU stock was trading below 20, 50, 100 and 200 day exponential moving averages (EMAs). As per market analysts, Manchester stock is expected to open above its previous closing price of September 10th, 2023.&nbsp;</p> 
<p>The MACD and signal line both are below the zero line in the negative territory, but the green candles above the histogram suggest bullishness in the coming sessions.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1080" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-365.png" alt="After 18% of Fall MANU Stock Could Resist Further Decline" class="wp-image-175217" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-365.png 1080w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-365-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-365-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-365-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-365-750x403.png 750w" sizes="(max-width: 1080px) 100vw, 1080px">
  <figcaption class="wp-element-caption">
   Source: MANU stock price chart from <a href="https://www.tradingview.com/x/3AWavdR3/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The RSI line and RSI-based MA line intersect each other below the zero line. For the past few trading sessions, MANU stock price was consolidating in the range between $18 to $20.</p> 
<p>At the time of writing, ManchesterUnited Plc stock price was below its annual price target of $21.41. From June 13 till September 01 2023, MANU stock was trading above $20.</p> 
<p>TradingView data shows that 49.992 Million MANU shares are free floating and remaining 2.863 Million shares are closely held.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-manchester-united-manu-financial-updates-strong"><strong>Manchester United (MANU) Financial Updates&nbsp;</strong></h3> 
<p>Manchester United released its Q4, 2023 financial report which states that it failed to meet the analysts’ expectations and reported less revenue. However, throughout 2023, the estimated revenue was $802.20 Million, but the reported revenue is $797.12 Million.</p> 
<p>The estimated and reported EPS in the last quarter of 2023 was negative $0.05 and for the entire year, the estimated EPS was negative $0.31, although the reported EPS was negative $0.40.</p> 
<p>In the long term, Manchester Union has liabilities of $815.28 Million and assets of the company are $1.28 Billion.&nbsp;</p> 
<p>Manchester United Plc engages in the operation of a professional football club. It operates through the following business segments: Commercial, Broadcasting, and Matchday. The Commercial segment engages in sponsorship, retail, merchandising, apparel and product licensing, and new media and mobile.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $18.05 &amp; $17.26&nbsp;</p> 
<p>Resistance Level: $20.63 &amp; $21.39</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><strong> </strong><a href="https://www.thecoinrepublic.com/2023/10/10/luv-stock-price-accumulating-at-3-year-lows-will-it-recover/">MANU stock price</a> has been declining steadily since the beginning of 2023 and lost around 19% year-to-date. At the time of publication, Manchester Union stock was above the 20, 50, 100 and 200 day EMAs. As per market analysts, short term reversal in MANU stock trading price is expected but it will not sustain on higher levels for a longer time.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

After 18% of Fall MANU Stock Could Resist Further Decline

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