Barclays Africa Group Ltd (ADR) Stock Forecast
Red day on Tuesday for Barclays Africa Group Ltd (ADR) stock after losing 0.513%
(Updated on Apr 30, 2024)
The Barclays Africa Group Ltd (ADR) stock price fell by -0.513% on the last day (Tuesday, 30th Apr 2024) from $15.60 to $15.52. During the last trading day the stock fluctuated 7.16% from a day low at $14.48 to a day high of $15.52. The price has fallen in 6 of the last 10 days and is down by -0.19% for this period. Volume has increased on the last day by 39 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, 2 thousand shares were bought and sold for approximately $23.45 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.79% during the next 3 months and, with a 90% probability hold a price between $12.20 and $13.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AGRPY Signals & Forecast
There are mixed signals in the stock today. The Barclays Africa Group Ltd (ADR) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $15.68. On a fall, the stock will find some support from the short-term average at $15.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Barclays Africa Group Ltd (ADR) 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". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 6.37%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Barclays Africa Group Ltd (ADR) stock
Barclays Africa Group Ltd (ADR) finds support from accumulated volume at $15.03 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 $1.04 between high and low, or 7.16%. For the last week, the stock has had daily average volatility of 4.34%.
Our recommended stop-loss: $15.04 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (AGRPY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Barclays Africa Group Ltd (ADR) to open at $15.17, and during the day (based on 14 day Average True Range), to move between $14.94 and $16.10, which gives a possible trading interval of +/-$0.584 (+/-3.76%) up or down from last closing price. If Barclays Africa Group Ltd (ADR) takes out the full calculated possible swing range there will be an estimated 7.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.98 (2.96%) than the support at $15.03 (3.16%), 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 Barclays Africa Group Ltd (ADR) stock A Buy?
Barclays Africa Group Ltd (ADR) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.814 Hold/Accumulate Unchanged
Predicted Opening Price for Barclays Africa Group Ltd (ADR) of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $15.17 ( 2.23%) | $15.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGRPY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.21 | 4.46 % | |
| R2 | 15.82 | 1.90 % | ||
| R1 | 15.57 | 0.325 % | ||
| Current price: | 15.52 | |||
| Support | S1 | 14.78 | -4.78 % | |
| S2 | 14.53 | -6.36 % | ||
| S3 | 14.14 | -8.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.95 | 9.21 % | |
| R2 | 16.52 | 6.47 % | ||
| R1 | 15.98 | 2.96 % | ||
| Current price | 15.52 | |||
| Support | S1 | 15.03 | -3.16% | |
| S2 | 14.90 | -3.99% | ||
| S3 | 14.59 | -5.99% |
AGRPY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 02, 2024 | $0.571 | 3.68% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Sep 28, 2023 | $0.552 | 2.90% |
| 3 | Jul 19, 2023 | Apr 20, 2023 | May 04, 2023 | $0.702 | 3.98% |
| 4 | Sep 15, 2022 | Sep 15, 2022 | Sep 29, 2022 | $0.790 | 4.01% |
| 5 | Apr 14, 2022 | Apr 21, 2022 | May 05, 2022 | $0.634 | 2.91% |
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