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 EQT.L
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Red day on Wednesday for EQTEC plc stock after losing 1.81%
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Loss -1.81% PDF

The EQTEC plc stock price fell by -1.81% on the last day (Wednesday, 27th Mar 2024) from £2.35 to £2.31. During the last trading day the stock fluctuated 3.48% from a day low at £2.30 to a day high of £2.38. The price has been going up and down for this period, and there has been a 2.56% gain for the last 2 weeks. Volume has increased on the last day by 111 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 921 thousand shares were bought and sold for approximately £2.13 million.

The stock lies in the middle of a very wide and 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 -15.86% during the next 3 months and, with a 90% probability hold a price between £1.43 and £2.96 at the end of this 3-month period.

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EQT.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.33%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The EQTEC plc 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 £2.32 and £2.38. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for EQTEC plc stock

EQTEC plc finds support from accumulated volume at £2.30 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 £0.0800 between high and low, or 3.48%. For the last week, the stock has had daily average volatility of 5.20%.

Our recommended stop-loss: £2.23 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect EQTEC plc to open at £2.33, and during the day (based on 14 day Average True Range), to move between £2.11 and £2.50, which gives a possible trading interval of +/-£0.193 (+/-8.35%) up or down from last closing price. If EQTEC plc takes out the full calculated possible swing range there will be an estimated 16.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £2.30 (0.33%) than the resistance at £2.40 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is EQTEC plc stock A Buy?

EQTEC plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.514 Hold/Accumulate Unchanged

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

Fair opening price March 28, 2024 Current price
£2.33 ( 0.94%) £2.31

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

Trading levels for EQT.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.41 4.41 %
R2 2.38 3.08 %
R1 2.36 2.26 %
Current price: 2.31
Support S1 2.30 -0.385 %
S2 2.28 -1.20 %
S3 2.25 -2.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.65 14.84 %
R2 2.55 10.51 %
R1 2.40 4.01 %
Current price 2.31
Support S1 2.30 -0.325%
S2 2.25 -2.49%
S3 2.15 -6.83%

FAQ

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

Should I buy or sell EQTEC plc Stock?
EQTEC plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy EQTEC plc Stock?
EQTEC 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 EQTEC plc Stock.

What's the current price of EQTEC plc Stock?
As of the end of day on the 2024-03-27, the price of an EQTEC plc (EQT.L) share was £2.31.

What is the 52-week high and low for EQTEC plc Stock?
The 52-week high for EQTEC plc Stock is £4.80 and the 52-week low is £0.0200.

What is the market capitalization of EQTEC plc Stock?
As of the 2024-03-27, the market capitalization of EQTEC plc is 4.047M.

When is the next earnings date for EQTEC plc?
The upcoming earnings date for EQTEC plc is May 03, 2024.
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About EQTEC plc

EQTEC plc EQTEC plc licenses and sells its proprietary gasification technology that generates green energy from waste, biomass, and plastics primarily in Ireland, Spain, and the United Kingdom. The company's gasification technology produces energy from various feedstock, such as municipal, agricultural, and industrial waste. It also provides engineering, design, and other related services, as well as maintenance services for operating plants; and is involv... EQT.L Profile

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