PowerHouse Energy Group Plc Stock Forecast
PowerHouse Energy Group Plc stock downgraded to Strong Sell Candidate
(Updated on Apr 25, 2024)
The PowerHouse Energy Group Plc stock price fell by -2.50% on the last day (Thursday, 25th Apr 2024) from £1.00 to £0.98. During the last trading day the stock fluctuated 5.26% from a day low at £0.95 to a day high of £1.00. The price has fallen in 6 of the last 10 days but is still up by 8.33% over the past 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 -3 million shares and in total, 6 million shares were bought and sold for approximately £5.56 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £0.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 156.18% during the next 3 months and, with a 90% probability hold a price between £2.45 and £3.75 at the end of this 3-month period.
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PHE.L Signals & Forecast
There are few to no technical positive signals at the moment. The PowerHouse Energy Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £1.02 and £0.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -15.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for PowerHouse Energy Group Plc stock
PowerHouse Energy Group Plc finds support from accumulated volume at £0.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.0500 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 8.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHE.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect PowerHouse Energy Group Plc to open at £0.98, and during the day (based on 14 day Average True Range), to move between £0.87 and £1.08, which gives a possible trading interval of +/-£0.107 (+/-10.94%) up or down from last closing price. If PowerHouse Energy Group Plc takes out the full calculated possible swing range there will be an estimated 21.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.95 (2.56%) than the resistance at £1.10 (12.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PowerHouse Energy Group Plc stock A Buy?
The PowerHouse Energy Group Plc stock holds several negative signals and despite the positive trend, we believe PowerHouse Energy Group Plc will perform weakly in the next couple of days or weeks. Therefore, we 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 Strong Sell candidate.
Current score: -5.324 Strong Sell Candidate Downgraded
Predicted Opening Price for PowerHouse Energy Group Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £0.98 ( 0%) | £0.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 5.13 % | |
| R2 | 1.01 | 3.17 % | ||
| R1 | 0.99 | 1.96 % | ||
| Current price: | 0.98 | |||
| Support | S1 | 0.96 | -1.96 % | |
| S2 | 0.94 | -3.17 % | ||
| S3 | 0.93 | -5.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.12 | 14.87 % | |
| R2 | 1.11 | 13.85 % | ||
| R1 | 1.10 | 12.82 % | ||
| Current price | 0.98 | |||
| Support | S1 | 0.95 | -2.56% | |
| S2 | 0.88 | -9.74% | ||
| S3 | 0.85 | -12.82% |
FAQ
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