Should You Buy Manchester United PLC (MANU) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
MANU is not a good buy right now for an impatient buyer. The chart is extended (RSI is overbought), upside is running into near-term resistance (~18.19), MACD momentum is still positive but fading, and the probabilistic pattern study leans negative over 1W–1M. While hedge funds have been accumulating and call open interest dominates (bullish positioning), short-term option volume skew is put-heavy, and fundamentals in 2026/Q1 deteriorated (revenue down YoY and losses widened). Net: I would not add here; if you already own it, hold rather than chase at this level.
Technical Analysis
Trend: Bullish structure with SMA_5 > SMA_20 > SMA_200 (uptrend intact).
Momentum: MACD histogram is positive (0.115) but contracting, suggesting upside momentum is slowing rather than accelerating.
Overbought/mean reversion risk: RSI_6 is ~79.77 (overbought), which raises near-term pullback risk even if the broader trend remains up.
Levels: Pivot 17.172. Support S1 16.539 (then S2 16.149). Resistance R1 17.804 was exceeded; next resistance R2 18.194 is the key nearby ceiling. With price ~17.96, reward-to-risk looks less attractive because you’re buying close to resistance.
Pattern-based forward view: Similar-pattern study implies ~60% chance of -0.49% next day, -1.57% next week, -3.23% next month—tilting against immediate entries.