Angus Energy Plc Stock Forecast

High volatility in Angus Energy Plc stock price on Wednesday which ended trading at £0.425
(Updated on Apr 24, 2024)

ANGS.L Signals & Forecast

Mostly positive signals in the chart today. The Angus Energy Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £0.441. On a fall, the stock will find some support from the long-term average at approximately £0.385. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.66%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for Angus Energy Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.400 and £0.375. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Angus Energy Plc finds support just below today's level at £0.400. If this is broken, then the next support from accumulated volume will be at £0.375 and £0.325.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.0500 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 19.98%.

Our recommended stop-loss: £0.406 (-4.56%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (ANGS.L) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Angus Energy Plc to open at £0.425, and during the day (based on 14 day Average True Range), to move between £0.344 and £0.506, which gives a possible trading interval of +/-£0.0810 (+/-19.06%) up or down from last closing price. If Angus Energy Plc takes out the full calculated possible swing range there will be an estimated 38.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.400 (5.88%) than the resistance at £0.450 (5.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Angus Energy Plc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Angus Energy Plc stock to perform well in the short-term period.

Current score: 2.549 Buy Candidate Unchanged

Predicted Opening Price for Angus Energy Plc of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.