RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ANTO.L
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Green day on Wednesday for Antofagasta plc
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 12, 2024 Gain 18.23% PDF

The Antofagasta plc stock price gained 0.430% on the last trading day (Wednesday, 27th Mar 2024), rising from £1,976.50 to £1,985.00. During the last trading day the stock fluctuated 1.66% from a day low at £1,963.00 to a day high of £1,995.50. The price has been going up and down for this period, and there has been a 3.71% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 872 thousand shares were bought and sold for approximately £1.73 billion.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £2,024.46 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.12% during the next 3 months and, with a 90% probability hold a price between £2,226.15 and £2,472.19 at the end of this 3-month period.

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ANTO.L Signals & Forecast

The Antofagasta plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1,969.00 and £1,818.61. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Antofagasta plc stock

Antofagasta plc finds support from accumulated volume at £1,948.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £32.50 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 2.25%.

The Antofagasta plc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: £1,910.51 (-3.75%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (ANTO.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Antofagasta plc to open at £1,981.17, and during the day (based on 14 day Average True Range), to move between £1,931.16 and £2,038.84, which gives a possible trading interval of +/-£53.84 (+/-2.71%) up or down from last closing price. If Antofagasta plc takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,993.50 (0.43%) than the support at £1,948.00 (1.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Antofagasta plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Antofagasta plc stock to perform well in the short-term.

Current score: 2.308 Buy Candidate Unchanged

Predicted Opening Price for Antofagasta plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1,981.17 ( 0.193%) £1,985.00

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

Trading levels for ANTO.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2,013.67 1.44 %
R2 2,001.25 0.82 %
R1 1,993.58 0.432 %
Current price: 1,985.00
Support S1 1,968.75 -0.82 %
S2 1,961.08 -1.20 %
S3 1,948.67 -1.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 2,007.00 1.11 %
R1 1,993.50 0.428 %
Current price 1,985.00
Support S1 1,948.00 -1.86%
S2 1,817.50 -8.44%
S3 1,624.00 -18.19%

ANTO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 18, 2024 Apr 18, 2024 May 10, 2024 £19.16 0.97%
2 Feb 21, 2023 Apr 20, 2023 May 12, 2023 £40.42 2.89%
3 Aug 11, 2022 Sep 01, 2022 Sep 30, 2022 £7.95 0.712%
4 Feb 22, 2022 Apr 21, 2022 May 13, 2022 £94.81 7.03%
5 Aug 19, 2021 Sep 02, 2021 Oct 01, 2021 £17.05 1.26%

FAQ

What is the symbol for Antofagasta plc Stock and on which exchange is it traded?
The symbol for Antofagasta plc is ANTO.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Antofagasta plc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Antofagasta plc stock to perform well in the short-term.

How to buy Antofagasta plc Stock?
Antofagasta plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Antofagasta plc Stock.

What's the current price of Antofagasta plc Stock?
As of the end of day on the 2024-03-27, the price of an Antofagasta plc (ANTO.L) share was £1,985.00.

What is the 52-week high and low for Antofagasta plc Stock?
The 52-week high for Antofagasta plc Stock is £2,019.00 and the 52-week low is £1,036.00.

What is the market capitalization of Antofagasta plc Stock?
As of the 2024-03-27, the market capitalization of Antofagasta plc is 19.569B.

When is the next earnings date for Antofagasta plc?
The upcoming earnings date for Antofagasta plc is Aug 08, 2024.
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About Antofagasta plc

Antofagasta plc Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company holds a 60% interest in the Los Pelambres mine, a 70% interest in the Centinela mine, a 70% interest in the Antucoya mine, and a 50% interest in the Zaldívar mine located in Chile. Its mines produce copper cathodes and copper concentrates, as well as molybdenum, ... ANTO.L Profile

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