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 FLO.L
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Stronger technical forecast for Flowtech Fluidpower plc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Flowtech Fluidpower plc stock price gained 2.40% on the last trading day (Wednesday, 27th Mar 2024), rising from £79.30 to £81.20. During the last trading day the stock fluctuated 5.60% from a day low at £78.60 to a day high of £83.00. The price has been going up and down for this period, and there has been a -1.1% loss for the last 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 211 thousand shares were bought and sold for approximately £17.12 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Flowtech Fluidpower plc stock with a 90% probability to be traded between £73.97 and £82.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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FLO.L Signals & Forecast

The Flowtech Fluidpower 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 £79.49 and £79.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 7.12%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, March 25, 2024 and based on theory for this formation the price should go up by 0.120% to £81.30 within 29 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Flowtech Fluidpower plc stock

Flowtech Fluidpower plc finds support from accumulated volume at £80.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £4.40 (5.60%) between high and low. For the last week, the stock has had daily average volatility of 4.78%.

Our recommended stop-loss: £78.37 (-3.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Flowtech Fluidpower plc to open at £80.93, and during the day (based on 14 day Average True Range), to move between £77.75 and £84.65, which gives a possible trading interval of +/-£3.45 (+/-4.24%) up or down from last closing price. If Flowtech Fluidpower plc takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £82.40 (1.48%) than the support at £80.00 (1.48%), 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 Flowtech Fluidpower plc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Flowtech Fluidpower plc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.951 Buy Candidate Upgraded

Predicted Opening Price for Flowtech Fluidpower plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£80.93 ( 0.328%) £81.20

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

Trading levels for FLO.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 85.33 5.09 %
R2 83.65 3.02 %
R1 82.61 1.74 %
Current price: 81.20
Support S1 79.25 -2.40 %
S2 78.21 -3.68 %
S3 76.53 -5.75 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 84.00 3.45 %
R2 82.50 1.60 %
R1 82.40 1.48 %
Current price 81.20
Support S1 80.00 -1.48%
S2 78.20 -3.69%
S3 78.00 -3.94%

FLO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 22, 2023 Jun 22, 2023 Jun 22, 2023 £2.10 2.00%
2 Mar 29, 2022 Jun 30, 2022 Jul 22, 2022 £2.00 1.70%
3 Sep 24, 2019 Oct 03, 2019 Oct 29, 2019 £2.13 1.85%
4 Apr 16, 2019 Jun 06, 2019 Jul 12, 2019 £4.04 3.00%
5 Sep 18, 2018 Sep 27, 2018 Oct 26, 2018 £2.03 1.84%

FAQ

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

Should I buy or sell Flowtech Fluidpower plc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Flowtech Fluidpower plc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Flowtech Fluidpower plc Stock?
Flowtech Fluidpower 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 Flowtech Fluidpower plc Stock.

What's the current price of Flowtech Fluidpower plc Stock?
As of the end of day on the 2024-03-27, the price of an Flowtech Fluidpower plc (FLO.L) share was £81.20.

What is the 52-week high and low for Flowtech Fluidpower plc Stock?
The 52-week high for Flowtech Fluidpower plc Stock is £117.00 and the 52-week low is £71.59.

What is the market capitalization of Flowtech Fluidpower plc Stock?
As of the 2024-03-27, the market capitalization of Flowtech Fluidpower plc is 49.255M.

When is the next earnings date for Flowtech Fluidpower plc?
The upcoming earnings date for Flowtech Fluidpower plc is Aug 28, 2024.
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About Flowtech Fluidpower plc

Flowtech Fluidpower plc Flowtech Fluidpower plc, together with its subsidiaries, distributes engineering components and assemblies in the areas of fluid power industry in the United Kingdom, rest of Europe, internationally. The company operates through Flowtech, Fluidpower Group Solutions, and Fluidpower Group Service segments. The Flowtech segment supplies hydraulic and pneumatic consumables to original equipment manufacturers. Its Fluidpower Group Solutions segment su... FLO.L Profile

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