Antelope Enterprise Holdings Ltd Stock Forecast
Strong day for Antelope Enterprise Holdings Ltd stock price on Thursday rising 5.88% to $1.98
(Updated on Apr 25, 2024)
The Antelope Enterprise Holdings Ltd stock price gained 5.88% on the last trading day (Thursday, 25th Apr 2024), rising from $1.87 to $1.98. During the last trading day the stock fluctuated 6.84% from a day low at $1.90 to a day high of $2.03. The price has risen in 5 of the last 10 days and is up by 20% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $62.92 thousand.
The stock lies in the middle of a very wide and weak 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 3.48% during the next 3 months and, with a 90% probability hold a price between $1.54 and $2.45 at the end of this 3-month period.
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AEHL Signals & Forecast
The Antelope Enterprise Holdings Ltd 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 $1.92 and $1.66. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Antelope Enterprise Holdings Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -4.35%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Antelope Enterprise Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.60 and $1.54. 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, Antelope Enterprise Holdings Ltd finds support just below today's level at $1.60. If this is broken, then the next support from accumulated volume will be at $1.54 and $1.52.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.130 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 12.62%.
Our recommended stop-loss: $1.88 (-4.93%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AEHL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Antelope Enterprise Holdings Ltd to open at $1.97, and during the day (based on 14 day Average True Range), to move between $1.77 and $2.19, which gives a possible trading interval of +/-$0.214 (+/-10.80%) up or down from last closing price. If Antelope Enterprise Holdings Ltd takes out the full calculated possible swing range there will be an estimated 21.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.99 (0.51%) than the support at $1.60 (19.19%), 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 Antelope Enterprise Holdings Ltd 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 Antelope Enterprise Holdings Ltd stock to perform well in the short-term.
Current score: 2.345 Buy Candidate Unchanged
Predicted Opening Price for Antelope Enterprise Holdings Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.97 ( 0.505%) | $1.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEHL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.10 | 6.06 % | |
| R2 | 2.05 | 3.55 % | ||
| R1 | 2.02 | 2.00 % | ||
| Current price: | 1.98 | |||
| Support | S1 | 1.92 | -3.01 % | |
| S2 | 1.89 | -4.56 % | ||
| S3 | 1.84 | -7.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.30 | 16.16 % | |
| R2 | 2.07 | 4.55 % | ||
| R1 | 1.99 | 0.505 % | ||
| Current price | 1.98 | |||
| Support | S1 | 1.60 | -19.19% | |
| S2 | 1.54 | -22.22% | ||
| S3 | 1.52 | -23.23% |
AEHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 10, 2014 | Dec 10, 2014 | Sep 03, 2020 | $0.312 | 1.65% |
| 2 | Jun 11, 2014 | Jun 11, 2014 | Jun 11, 2014 | $0.312 | 0.0963% |
| 3 | Dec 11, 2013 | Dec 11, 2013 | Dec 11, 2013 | $2.40 | 0.415% |
| 4 | Jun 11, 2013 | Jun 11, 2013 | Jul 13, 2013 | $2.40 | 0.498% |
FAQ
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