N4 Pharma Plc Stock Forecast
Volatile ride for N4 Pharma Plc stock price on Wednesday moving between £0.80 and £0.90
(Updated on Apr 24, 2024)
The N4 Pharma Plc stock price fell by -4.36% on the last day (Wednesday, 24th Apr 2024) from £0.86 to £0.83. During the last trading day the stock fluctuated 12.50% from a day low at £0.80 to a day high of £0.90. The price has been going up and down for this period, and there has been a 13.79% gain for the last 2 weeks. 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 -4 million shares and in total, 826 thousand shares were bought and sold for approximately £681.73 thousand.
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 -3.79% during the next 3 months and, with a 90% probability hold a price between £0.616 and £0.88 at the end of this 3-month period.
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N4P.L Signals & Forecast
The N4 Pharma 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 £0.85. On a fall, the stock will find some support from the long-term average at approximately £0.757. 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. 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -10.33%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for N4 Pharma Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.775 and £0.725. 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, N4 Pharma Plc finds support just below today's level at £0.775. If this is broken, then the next support from accumulated volume will be at £0.725 and £0.700.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.1000 between high and low, or 12.50%. For the last week the stock has had daily average volatility of 13.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (N4P.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect N4 Pharma Plc to open at £0.84, and during the day (based on 14 day Average True Range), to move between £0.739 and £0.91, which gives a possible trading interval of +/-£0.0861 (+/-10.44%) up or down from last closing price. If N4 Pharma Plc takes out the full calculated possible swing range there will be an estimated 20.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.85 (3.03%) than the support at £0.775 (6.06%), 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 N4 Pharma Plc stock A Buy?
N4 Pharma Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.004 Sell Candidate Downgraded
Predicted Opening Price for N4 Pharma Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £0.84 ( 2.02%) | £0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for N4P.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.94 | 14.14 % | |
| R2 | 0.90 | 9.51 % | ||
| R1 | 0.88 | 6.65 % | ||
| Current price: | 0.83 | |||
| Support | S1 | 0.80 | -2.61 % | |
| S2 | 0.780 | -5.47 % | ||
| S3 | 0.742 | -10.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | 6.06 % | |
| R2 | 0.86 | 4.56 % | ||
| R1 | 0.85 | 3.03 % | ||
| Current price | 0.83 | |||
| Support | S1 | 0.775 | -6.06% | |
| S2 | 0.725 | -12.12% | ||
| S3 | 0.700 | -15.15% |
N4P Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 1997 | May 19, 1997 | Jul 01, 1997 | £18.00 | 2.90% |
| 2 | Aug 15, 1996 | Nov 04, 1996 | Dec 02, 1996 | £17.20 | 1.44% |
| 3 | Mar 07, 1996 | Jun 03, 1996 | Jul 01, 1996 | £18.00 | 0.698% |
| 4 | Aug 14, 1995 | Nov 06, 1995 | Dec 01, 1995 | £16.00 | 0.762% |
| 5 | Mar 07, 1995 | May 22, 1995 | Jul 01, 1995 | £16.00 | 1.08% |
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