Polypeptide Group Ag Stock Forecast
On Wednesday, Polypeptide Group Ag stock price gained an impressive 11.07%
(Updated on Jun 19, 2024)
The Polypeptide Group Ag stock price gained 11.07% on the last trading day (Wednesday, 19th Jun 2024), rising from £29.35 to £32.60. During the last trading day the stock fluctuated 0% from a day low at £32.60 to a day high of £32.60. The price has been going up and down for this period, and there has been a 1.72% gain for the last 2 weeks. Volume fell on the last day by -736 shares and in total, 0 shares were bought and sold for approximately £0 . 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 lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.49% during the next 3 months and, with a 90% probability hold a price between £35.19 and £42.80 at the end of this 3-month period.
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0AAJ.L Signals & Forecast
The Polypeptide Group Ag 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 £32.33 and £32.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 11.07%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Polypeptide Group Ag stock
On the downside, the stock finds support just below today's level from accumulated volume at £30.95 and £29.20. 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, Polypeptide Group Ag finds support just below today's level at £30.95. If this is broken, then the next support from accumulated volume will be at £29.20 and £28.75.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.07%
Our recommended stop-loss: £31.21 (-4.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (0AAJ.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Polypeptide Group Ag to open at £32.60, and during the day (based on 14 day Average True Range), to move between £31.31 and £33.89, which gives a possible trading interval of +/-£1.29 (+/-3.94%) up or down from last closing price. If Polypeptide Group Ag takes out the full calculated possible swing range there will be an estimated 7.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £33.15 (1.69%) than the support at £30.95 (5.06%), 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 Polypeptide Group Ag stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Polypeptide Group Ag stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.120 Buy Candidate Upgraded
Predicted Opening Price for Polypeptide Group Ag of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £32.60 ( 0%) | £32.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0AAJ.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.60 | - |
| R2 | 32.60 | - |
| R1 | 32.60 | - |
| Price | 32.60 | |
| S1 | 32.60 | - |
| S2 | 32.60 | - |
| S3 | 32.60 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.60 | 3.07% |
| R2 | 33.18 | 1.76% |
| R1 | 33.15 | 1.69% |
| Price | 32.60 | |
| S1 | 30.95 | -5.06% |
| S2 | 29.20 | -10.43% |
| S3 | 28.75 | -11.81% |
0AAJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2022 | Apr 28, 2022 | May 02, 2022 | £0.300 | 0% |
FAQ
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