Eco Animal Health Group Plc Stock Forecast
A very strong day for Eco Animal Health Group Plc stock price on Thursday
(Updated on Apr 25, 2024)
The Eco Animal Health Group Plc stock price gained 9.04% on the last trading day (Thursday, 25th Apr 2024), rising from £94.00 to £102.50. During the last trading day the stock fluctuated 6.40% from a day low at £98.40 to a day high of £104.70. The price has risen in 4 of the last 10 days and is up by 9.63% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 101 thousand more shares were traded than the day before. In total, 144 thousand shares were bought and sold for approximately £14.79 million.
Given the current short-term trend, the stock is expected to fall -14.89% during the next 3 months and, with a 90% probability hold a price between £66.13 and £87.23 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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EAH.L Signals & Forecast
The Eco Animal Health Group 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 £95.07 and £90.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 23.20%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Eco Animal Health Group Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £93.00 and £88.00. 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, Eco Animal Health Group Plc finds support just below today's level at £93.00. If this is broken, then the next support from accumulated volume will be at £88.00 and £85.00.
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 £6.30 between high and low, or 6.40%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: £97.44 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (EAH.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Eco Animal Health Group Plc to open at £101.87, and during the day (based on 14 day Average True Range), to move between £99.03 and £105.97, which gives a possible trading interval of +/-£3.47 (+/-3.38%) up or down from last closing price. If Eco Animal Health Group Plc takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £106.13 (3.54%) than the support at £93.00 (9.27%), 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 Eco Animal Health Group Plc stock A Buy?
Eco Animal Health Group Plc 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Eco Animal Health Group Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £101.87 ( 0.618%) | £102.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EAH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.17 | 5.53 % | |
| R2 | 105.76 | 3.18 % | ||
| R1 | 104.27 | 1.73 % | ||
| Current price: | 102.50 | |||
| Support | S1 | 99.46 | -2.97 % | |
| S2 | 97.97 | -4.42 % | ||
| S3 | 95.57 | -6.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.50 | 5.85 % | |
| R2 | 108.00 | 5.37 % | ||
| R1 | 106.13 | 3.54 % | ||
| Current price | 102.50 | |||
| Support | S1 | 93.00 | -9.27% | |
| S2 | 88.00 | -14.15% | ||
| S3 | 85.00 | -17.07% |
EAH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 26, 2021 | Sep 23, 2021 | Oct 22, 2021 | £1.00 | 0.351% |
| 2 | Jun 19, 2019 | Sep 26, 2019 | Oct 16, 2019 | £11.04 | 3.23% |
| 3 | Dec 10, 2018 | Feb 28, 2019 | Apr 12, 2019 | £4.00 | 0.96% |
| 4 | Dec 10, 2018 | Dec 20, 2018 | Jan 09, 2019 | £3.50 | 0.86% |
| 5 | Jul 02, 2018 | Sep 27, 2018 | Oct 17, 2018 | £6.00 | 1.50% |
FAQ
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