Apax Global Alpha Limited Stock Forecast
Apax Global Alpha Limited stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 22, 2024)
The Apax Global Alpha Limited stock price fell by -0.142% on the last day (Monday, 22nd Apr 2024) from £140.80 to £140.60. During the last trading day the stock fluctuated 0.85% from a day low at £140.40 to a day high of £141.60. The price has fallen in 7 of the last 10 days and is down by -3.57% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -91 thousand shares and in total, 217 thousand shares were bought and sold for approximately £30.51 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.08% during the next 3 months and, with a 90% probability hold a price between £125.73 and £134.61 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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APAX.L Signals & Forecast
There are mixed signals in the stock today. The Apax Global Alpha Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £142.20 and £146.96. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.15%. 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).
Support, Risk & Stop-loss for Apax Global Alpha Limited stock
Apax Global Alpha Limited finds support from accumulated volume at £139.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £1.20 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 3.65%.
Our recommended stop-loss: £132.29 (-5.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (APAX.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Apax Global Alpha Limited to open at £140.87, and during the day (based on 14 day Average True Range), to move between £136.94 and £144.26, which gives a possible trading interval of +/-£3.66 (+/-2.60%) up or down from last closing price. If Apax Global Alpha Limited takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £139.00 (1.14%) than the resistance at £153.20 (8.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Apax Global Alpha Limited stock A Buy?
Apax Global Alpha Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.582 Hold/Accumulate Upgraded
Predicted Opening Price for Apax Global Alpha Limited of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £140.87 ( 0.190%) | £140.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APAX.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.07 | 1.04 % | |
| R2 | 141.61 | 0.717 % | ||
| R1 | 141.33 | 0.516 % | ||
| Current price: | 140.60 | |||
| Support | S1 | 140.41 | -0.136 % | |
| S2 | 140.13 | -0.338 % | ||
| S3 | 139.67 | -0.664 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 155.20 | 10.38 % | |
| R2 | 153.60 | 9.25 % | ||
| R1 | 153.20 | 8.96 % | ||
| Current price | 140.60 | |||
| Support | S1 | 139.00 | -1.14% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
APAX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Apr 04, 2024 | £5.64 | 3.88% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £0.0570 | 0.0335% |
| 3 | Mar 02, 2023 | Mar 09, 2023 | Apr 03, 2023 | £5.82 | 3.68% |
| 4 | Aug 19, 2022 | Sep 01, 2022 | Sep 23, 2022 | £6.00 | 3.64% |
| 5 | Mar 02, 2022 | Mar 10, 2022 | Apr 04, 2022 | £6.36 | 3.09% |
FAQ
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