Aminex Plc Stock Forecast
High volatility in Aminex Plc stock price on Monday which ended trading at £1.20
(Updated on Apr 29, 2024)
The Aminex Plc stock price gained 4.35% on the last trading day (Monday, 29th Apr 2024), rising from £1.15 to £1.20. During the last trading day the stock fluctuated 15.22% from a day low at £1.15 to a day high of £1.33. The price has risen in 5 of the last 10 days and is up by 50% 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, 10 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately £20.10 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £1.21 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.87% during the next 3 months and, with a 90% probability hold a price between £1.05 and £1.52 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AEX.L Signals & Forecast
The Aminex Plc 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 £1.14 and £0.92. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Aminex Plc stock
Aminex Plc finds support from accumulated volume at £1.18 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.175 between high and low, or 15.22%. For the last week, the stock has had daily average volatility of 15.37%.
Our recommended stop-loss: £1.16 (-3.44%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (AEX.L) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Aminex Plc to open at £1.23, and during the day (based on 14 day Average True Range), to move between £1.07 and £1.33, which gives a possible trading interval of +/-£0.129 (+/-10.71%) up or down from last closing price. If Aminex Plc takes out the full calculated possible swing range there will be an estimated 21.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1.18, some £0.0250 (2.08%) from the current price of £1.20, our system finds the risk reward attractive.
Is Aminex Plc 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 Aminex Plc stock to perform well in the short-term.
Current score: 3.677 Buy Candidate Unchanged
Predicted Opening Price for Aminex Plc of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| £1.23 ( 2.08%) | £1.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEX.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.40 | 16.67 % | |
| R2 | 1.33 | 11.10 % | ||
| R1 | 1.29 | 7.65 % | ||
| Current price: | 1.20 | |||
| Support | S1 | 1.16 | -3.49 % | |
| S2 | 1.12 | -6.93 % | ||
| S3 | 1.05 | -12.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.20 | |||
| Support | S1 | 1.18 | -2.08% | |
| S2 | 1.13 | -6.25% | ||
| S3 | 0.95 | -21.25% |
FAQ
Click here for our free guide on how to buy Aminex Plc Stock.
