Auto

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AUTO stock price: The bulls have tested the resistance, looking forward to breaking past it.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The half-yearly reports gave the necessary confidence to the bullish investors and traders.</a> </li> 
 <li> <span>3</span> <a>The stock has risen over its 50 and 200 days EMA for an uptrend.&nbsp;</a> </li> 
</ul> 
<p>Auto Trader Group Plc (LON: AUTO) is listed on the London Stock Exchange. The company is engaged in the digital automotive industry. It provides a wide range of vehicles for sale, including cars, bikes, vans, motorhomes, caravans, and trucks. In addition to this, they offer automotive insurance products through the segments of Auto Trader and Autorama. The AUTO stock price has a market cap of £5.7B.</p> 
<h2 class="wp-block-heading" id="strong-the-rise-of-the-auto-stock-price-strong"><strong>The rise of the AUTO stock price&nbsp;</strong></h2> 
<p>The AUTO stock price has been on the rise since late 2022; one of the reasons would be its appealing half-yearly reports during the bullish phase. The firm has shown an average increase of 15% CAGR in its revenue during this period. Auto Trader Plc has been profitable till it retained earnings with a sales figure of £250M in its latest half-yearly report.&nbsp;</p> 
<p>Moreover, writing about actual cash, the firm has made up £135M from operations, accounting for the CFO sales ratio of 0.54. As records state, this autotech company is also pretty good at taking care of its shareholders as it pays regular dividends. In 2022, for instance, the dividend payout ratio from the net profit was 32%. It allocated a dividend per share of £0.08 and a dividend yield of 1.3%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-auto-stock-price-strong"><strong>Technical Analysis and Prediction of AUTO Stock Price</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/6FaFwtZqCLIwp8ERSCH8piXHCxkOhKYksf5vUxr1Bmsu8Y_npu9iyGcidJu_iw4iNdXdPFatxYoFFEIaURiz8qpV5ohtWrYR0Pz1wGgv4DW5FyyePR7OconvESGg2cPau3HMIQf9OvjLIPwcQBFXb7Q" alt="AUTO Stock Price: Now is the time for the bulls, are they ready?"> 
  <figcaption class="wp-element-caption">
    Chart provided by <a href="https://in.tradingview.com/chart/1SBAxzHq/?symbol=LSE%3AHLN" rel="noopener noreferrer nofollow">TradingView</a> (daily time frame) 
  </figcaption> 
 </figure> 
</div> 
<p>The current price action analysis of the AUTO stock price reveals that it has been rising since late 2022. However, it is currently in a consolidation phase since July of this year. As of this writing, the AUTO stock price is trading at £625, having crossed its 50-day and 200-day EMAs.</p> 
<p>Moreover, the observation also states that if the bulls can break the immediate resistance level of £638 and sustain above it, the price will touch its 2nd resistance of £670. If the bears push a rebound, the immediate support level is at £587.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-the-possible-price-action-strong"><strong>The possible price action</strong></h2> 
<p>Furthermore, the Bullish investors and traders tested the resistance level of £638 a day ago with weak momentum. As the stock has crossed both EMAs, the bulls can opt for support if a rebound arrives. Therefore, the prediction for the AUTO <a href="https://www.thecoinrepublic.com/2023/09/21/hln-stock-price-bears-gave-up-after-the-reinforcement-of-50-ema/" rel="noopener noreferrer nofollow">stock price</a> is bullish. The bulls can sustain above the current resistance if they can show good momentum.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>Auto Trader Group Plc’s stock price rose after late 2022, propelled by some upbeat earnings reports. The stock is currently near its immediate resistance after crossing past its EMAs. The price prediction is bullish, given the action of the bulls.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support</strong>: £587 and&nbsp; £555</p> 
<p><strong>Resistance</strong>: £638 and £670</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 purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto and stock assets comes with a risk of financial loss.</p>

AUTO Stock Price: Now is the time for the bulls, are they ready?

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Thecoinrepublic.com

2023년 9월 24일에 게재된 다른 기사

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