ADMIRAL GROUP PLC Stock Forecast
ADMIRAL GROUP PLC stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The ADMIRAL GROUP PLC stock price fell by -2.86% on the last day (Thursday, 25th Apr 2024) from $34.57 to $33.58. During the last trading day the stock fluctuated 1.23% from a day low at $33.39 to a day high of $33.80. The price has risen in 6 of the last 10 days and is up by 0.27% over the past 2 weeks. Volume has increased on the last day by 201 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 $70.99 thousand.
Given the current short-term trend, the stock is expected to rise 9.09% during the next 3 months and, with a 90% probability hold a price between $36.63 and $40.51 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.
AMIGY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ADMIRAL GROUP PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $34.06 and $34.52. 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 01, 2024, and so far it has fallen -7.34%. Further fall is indicated until a new bottom pivot has been found. ADMIRAL GROUP PLC 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.
Support, Risk & Stop-loss for ADMIRAL GROUP PLC stock
ADMIRAL GROUP PLC finds support from accumulated volume at $32.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.410 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMIGY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ADMIRAL GROUP PLC to open at $33.59, and during the day (based on 14 day Average True Range), to move between $32.79 and $34.37, which gives a possible trading interval of +/-$0.795 (+/-2.37%) up or down from last closing price. If ADMIRAL GROUP PLC takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.69 (0.33%) than the support at $32.78 (2.38%), 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 ADMIRAL GROUP PLC stock A Buy?
The ADMIRAL GROUP PLC stock holds several negative signals and despite the positive trend, we believe ADMIRAL GROUP PLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.713 Sell Candidate Downgraded
Predicted Opening Price for ADMIRAL GROUP PLC of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $33.59 ( 0.0199%) | $33.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMIGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.00 | 1.24 % | |
| R2 | 33.84 | 0.774 % | ||
| R1 | 33.74 | 0.486 % | ||
| Current price: | 33.58 | |||
| Support | S1 | 33.43 | -0.447 % | |
| S2 | 33.33 | -0.735 % | ||
| S3 | 33.18 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.11 | 4.56 % | |
| R2 | 34.62 | 3.10 % | ||
| R1 | 33.69 | 0.328 % | ||
| Current price | 33.58 | |||
| Support | S1 | 32.78 | -2.38% | |
| S2 | 32.51 | -3.19% | ||
| S3 | 31.74 | -5.48% |
AMIGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 24, 2024 | $0.610 | 1.82% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Oct 23, 2023 | $0.166 | 0.558% |
| 3 | Aug 03, 2023 | May 04, 2023 | Jun 20, 2023 | $0.650 | 2.37% |
| 4 | Aug 31, 2022 | Sep 01, 2022 | Oct 17, 2022 | $1.27 | 5.79% |
| 5 | Apr 29, 2022 | May 05, 2022 | Jun 21, 2022 | $1.54 | 5.93% |
FAQ
Click here for our free guide on how to buy ADMIRAL GROUP PLC Stock.
