Barclays Africa Group Ltd (ADR) Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Barclays Africa Group Ltd (ADR) stock price up 3.16% on Monday
(Updated on May 20, 2024)
The Barclays Africa Group Ltd (ADR) stock price gained 3.16% on the last trading day (Monday, 20th May 2024), rising from $16.92 to $17.45. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.14% from a day low at $17.09 to a day high of $17.45. The price has risen in 6 of the last 10 days and is up by 13.02% 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, 478 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $42.80 thousand.
Given the current short-term trend, the stock is expected to fall -8.79% during the next 3 months and, with a 90% probability hold a price between $12.91 and $15.92 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
Mostly positive signals in the chart today. The Barclays Africa Group Ltd (ADR) 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 $16.78 and $15.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 19.60%. 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). Barclays Africa Group Ltd (ADR) 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.
Support, Risk & Stop-loss for Barclays Africa Group Ltd (ADR) stock
Barclays Africa Group Ltd (ADR) finds support from accumulated volume at $16.95 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 $0.365 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 0.702%.
Our recommended stop-loss: $16.82 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (AGRPY) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Barclays Africa Group Ltd (ADR) to open at $17.33, and during the day (based on 14 day Average True Range), to move between $16.94 and $17.96, which gives a possible trading interval of +/-$0.508 (+/-2.91%) 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 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.55 (0.57%) than the support at $16.95 (2.87%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.112 Buy Candidate Unchanged
Predicted Opening Price for Barclays Africa Group Ltd (ADR) of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $17.33 ( 0.697%) | $17.45 |
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 | 17.69 | 1.39 % | |
| R2 | 17.55 | 0.595 % | ||
| R1 | 17.47 | 0.102 % | ||
| Current price: | 17.45 | |||
| Support | S1 | 17.19 | -1.50 % | |
| S2 | 17.10 | -1.99 % | ||
| S3 | 16.96 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.89 | 2.52 % | |
| R2 | 17.74 | 1.66 % | ||
| R1 | 17.55 | 0.573 % | ||
| Current price | 17.45 | |||
| Support | S1 | 16.95 | -2.87% | |
| S2 | 16.52 | -5.31% | ||
| S3 | 15.03 | -13.87% |
AGRPY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 02, 2024 | $0.571 | 3.66% |
| 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% |
FAQ
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