Angus Energy Plc Stock Forecast

Volatile ride for Angus Energy Plc stock price on Tuesday moving between £0.350 and £0.400
(Updated on Apr 30, 2024)

ANGS.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Angus Energy Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £0.400 and £0.387. A break-up above any of these levels will issue buy signals. 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".

Support, Risk & Stop-loss for Angus Energy Plc stock

Angus Energy Plc finds support from accumulated volume at £0.362 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.0500 between high and low, or 14.29%. For the last week the stock has had daily average volatility of 19.87%.

Our recommended stop-loss: £0.353 (-5.94%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (ANGS.L) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Angus Energy Plc to open at £0.375, and during the day (based on 14 day Average True Range), to move between £0.297 and £0.453, which gives a possible trading interval of +/-£0.0782 (+/-20.85%) up or down from last closing price. If Angus Energy Plc takes out the full calculated possible swing range there will be an estimated 41.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.362 (3.47%) than the resistance at £0.400 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Angus Energy Plc stock A Buy?

Angus Energy Plc 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: -0.460 Hold/Accumulate Unchanged

Predicted Opening Price for Angus Energy Plc of Wednesday, May 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.