Armadale Capital Plc Stock Forecast

Volatile ride for Armadale Capital Plc stock price on Tuesday moving between £0.350 and £0.445
(Updated on Jul 02, 2024)

ACP.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has fallen 0%. 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. The Armadale Capital 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 £0.514 and £0.681. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Armadale Capital Plc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.0950 between high and low, or 27.14%. For the last week the stock has had daily average volatility of 33.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ACP.L) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Armadale Capital Plc to open at £0.398, and during the day (based on 14 day Average True Range), to move between £0.321 and £0.479, which gives a possible trading interval of +/-£0.0788 (+/-19.69%) up or down from last closing price. If Armadale Capital Plc takes out the full calculated possible swing range there will be an estimated 39.39% move between the lowest and the highest trading price during the day.

Is Armadale Capital Plc stock A Buy?

Armadale Capital Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.997 Strong Sell Candidate Unchanged

Predicted Opening Price for Armadale Capital Plc of Wednesday, July 3, 2024

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