Anglo-Eastern Plantations Plc Stock Forecast
Anglo-Eastern Plantations Plc stock price down 0.563% on Wednesday
(Updated on May 01, 2024)
The Anglo-Eastern Plantations Plc stock price fell by -0.563% on the last day (Wednesday, 1st May 2024) from £710.00 to £706.00. During the last trading day the stock fluctuated 1.18% from a day low at £703.76 to a day high of £712.04. The price has risen in 5 of the last 10 days but is still down by -4.08% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 thousand shares and in total, 11 thousand shares were bought and sold for approximately £7.93 million.
Given the current short-term trend, the stock is expected to rise 7.61% during the next 3 months and, with a 90% probability hold a price between £759.72 and £826.20 at the end of this 3-month period.
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AEP.L Signals & Forecast
There are few to no technical positive signals at the moment. The Anglo-Eastern Plantations Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £741.71 and £715.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -7.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Anglo-Eastern Plantations Plc stock
Anglo-Eastern Plantations Plc finds support from accumulated volume at £694.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £8.28 between high and low, or 1.18%. For the last week, the stock has had daily average volatility of 3.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEP.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Anglo-Eastern Plantations Plc to open at £707.27, and during the day (based on 14 day Average True Range), to move between £687.88 and £724.12, which gives a possible trading interval of +/-£18.12 (+/-2.57%) up or down from last closing price. If Anglo-Eastern Plantations Plc takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £710.00 (0.57%) than the support at £694.00 (1.70%), 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 Anglo-Eastern Plantations Plc stock A Buy?
The Anglo-Eastern Plantations Plc stock holds several negative signals and despite the positive trend, we believe Anglo-Eastern Plantations Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.496 Sell Candidate Unchanged
Predicted Opening Price for Anglo-Eastern Plantations Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £707.27 ( 0.179%) | £706.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 715.55 | 1.35 % | |
| R2 | 712.38 | 0.90 % | ||
| R1 | 710.43 | 0.627 % | ||
| Current price: | 706.00 | |||
| Support | S1 | 704.10 | -0.269 % | |
| S2 | 702.15 | -0.545 % | ||
| S3 | 698.99 | -0.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 744.00 | 5.38 % | |
| R2 | 740.00 | 4.82 % | ||
| R1 | 710.00 | 0.567 % | ||
| Current price | 706.00 | |||
| Support | S1 | 694.00 | -1.70% | |
| S2 | 692.00 | -1.98% | ||
| S3 | 682.00 | -3.40% |
AEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £20.02 | 2.49% |
| 2 | Apr 29, 2022 | Jun 09, 2022 | Jul 15, 2022 | £4.05 | 0.486% |
| 3 | May 12, 2021 | Jun 10, 2021 | Jul 16, 2021 | £0.710 | 0.118% |
| 4 | May 19, 2020 | Jun 11, 2020 | Jul 17, 2020 | £0.399 | 0.0798% |
| 5 | Apr 24, 2019 | Jun 06, 2019 | Jul 12, 2019 | £2.30 | 0.490% |
FAQ
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