Armadale Capital Plc Stock Forecast

Green day on Friday for Armadale Capital Plc
(Updated on Apr 26, 2024)

ACP.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.47%. 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 £0.727 and £0.772. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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

Armadale Capital Plc finds support from accumulated volume at £0.700 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.0020 between high and low, or 0.277%. For the last week the stock has had daily average volatility of 2.31%.

Armadale Capital Plc is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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 Monday 29th

For the upcoming trading day on Monday, 29th we expect Armadale Capital Plc to open at £0.724, and during the day (based on 14 day Average True Range), to move between £0.668 and £0.782, which gives a possible trading interval of +/-£0.0568 (+/-7.84%) up or down from last closing price. If Armadale Capital Plc takes out the full calculated possible swing range there will be an estimated 15.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.700 (3.45%) than the resistance at £0.775 (6.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -2.568 Sell Candidate Unchanged

Predicted Opening Price for Armadale Capital Plc of Monday, April 29, 2024

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