Aquila Energy Efficiency Trust Plc Trust Forecast
Red day on Friday for Aquila Energy Efficiency Trust Plc trust after losing 1.53%
(Updated on Jun 28, 2024)
The Aquila Energy Efficiency Trust Plc trust price fell by -1.53% on the last day (Friday, 28th Jun 2024) from £59.00 to £58.10. During the last trading day the trust fluctuated 4.91% from a day low at £58.10 to a day high of £60.95. The price has been going up and down for this period, and there has been a -1.11% loss for the last 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately £350.81 thousand.
The trust 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 Aquila Energy Efficiency Trust Plc trust with a 90% probability to be traded between £55.13 and £65.93 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AEET.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 4.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aquila Energy Efficiency Trust Plc trust 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 £58.24 and £59.78. A break-up above any of these levels will issue buy signals. Aquila Energy Efficiency Trust Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Aquila Energy Efficiency Trust Plc trust
Aquila Energy Efficiency Trust Plc finds support from accumulated volume at £58.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved £2.85 between high and low, or 4.91%. For the last week the trust has had daily average volatility of 1.29%.
Our recommended stop-loss: £55.63 (-4.25%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (AEET.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Aquila Energy Efficiency Trust Plc to open at £59.05, and during the day (based on 14 day Average True Range), to move between £56.20 and £60.00, which gives a possible trading interval of +/-£1.90 (+/-3.26%) up or down from last closing price. If Aquila Energy Efficiency Trust Plc takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £58.00 (0.17%) than the resistance at £64.00 (10.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aquila Energy Efficiency Trust Plc trust A Buy?
Aquila Energy Efficiency Trust Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Aquila Energy Efficiency Trust Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £59.05 ( 1.64%) | £58.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEET.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.90 | 6.54% |
| R2 | 60.81 | 4.67% |
| R1 | 60.14 | 3.51% |
| Price | 58.10 | |
| S1 | 57.96 | -0.239% |
| S2 | 57.29 | -1.40% |
| S3 | 56.20 | -3.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.50 | 12.74% |
| R2 | 65.00 | 11.88% |
| R1 | 64.00 | 10.15% |
| Price | 58.10 | |
| S1 | 58.00 | -0.172% |
| S2 | 57.00 | -1.89% |
| S3 | 56.50 | -2.75% |
FAQ
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