Amigo Holdings Plc 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
Amigo Holdings Plc stock upgraded to Buy Candidate.
(Updated on May 07, 2024)
No changes to the price of Amigo Holdings Plc stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 0% from a day low at £0.252 to a day high of £0.252. The price has been going up and down for this period, and there has been a -4.91% loss for the last 2 weeks.
The stock lies in the middle of a very wide and strong 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 28.09% during the next 3 months and, with a 90% probability hold a price between £0.231 and £0.456 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.
AMGO.L Signals & Forecast
The Amigo Holdings 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 £0.251 and £0.238. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amigo Holdings Plc stock
Amigo Holdings Plc finds support from accumulated volume at £0.250 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 7.42%
Our recommended stop-loss: £0.237 (-6.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (AMGO.L) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Amigo Holdings Plc to open at £0.252, and during the day (based on 14 day Average True Range), to move between £0.220 and £0.284, which gives a possible trading interval of +/-£0.0317 (+/-12.58%) up or down from last closing price. If Amigo Holdings Plc takes out the full calculated possible swing range there will be an estimated 25.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.250 (0.79%) than the resistance at £0.265 (5.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amigo Holdings 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 Amigo Holdings Plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.833 Buy Candidate Upgraded
Predicted Opening Price for Amigo Holdings Plc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| £0.252 ( 0%) | £0.252 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMGO.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.252 | . | |
| R2 | 0.252 | . | ||
| R1 | 0.252 | . | ||
| Current price: | 0.252 | |||
| Support | S1 | 0.252 | . | |
| S2 | 0.252 | . | ||
| S3 | 0.252 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.280 | 10.91 % | |
| R2 | 0.275 | 9.13 % | ||
| R1 | 0.265 | 5.16 % | ||
| Current price | 0.252 | |||
| Support | S1 | 0.250 | -0.794% | |
| S2 | 0.240 | -4.76% | ||
| S3 | 0.225 | -10.71% |
AMGO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 2019 | Jan 09, 2020 | Jan 29, 2020 | £3.10 | 5.64% |
| 2 | May 28, 2019 | Jul 18, 2019 | Jul 31, 2019 | £7.45 | 4.52% |
| 3 | Nov 27, 2018 | Jan 10, 2019 | Jan 29, 2019 | £1.87 | 0.746% |
FAQ
Click here for our free guide on how to buy Amigo Holdings Plc Stock.
