Angus Energy Plc Stock Forecast
Big movements in Angus Energy Plc stock price on Tuesday moving 22.96% between high and low
(Updated on Jul 02, 2024)
The Angus Energy Plc stock price fell by -18.75% on the last day (Tuesday, 2nd Jul 2024) from £0.400 to £0.325. During the last trading day the stock fluctuated 22.96% from a day low at £0.300 to a day high of £0.369. The price has risen in 4 of the last 10 days but is still down by -13.33% for this period. Volume has increased on the last day by 18 million 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, 21 million shares were bought and sold for approximately £6.94 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £0.288 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.98% during the next 3 months and, with a 90% probability hold a price between £0.277 and £0.519 at the end of this 3-month period.
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ANGS.L 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 Angus Energy 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 £0.369 and £0.387. 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 15, 2024, and so far it has fallen -41.96%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Angus Energy Plc stock
Angus Energy Plc finds support from accumulated volume at £0.310 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 £0.0689 between high and low, or 22.96%. For the last week, the stock has had daily average volatility of 16.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANGS.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Angus Energy Plc to open at £0.331, and during the day (based on 14 day Average True Range), to move between £0.269 and £0.381, which gives a possible trading interval of +/-£0.0564 (+/-17.36%) up or down from last closing price. If Angus Energy Plc takes out the full calculated possible swing range there will be an estimated 34.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.310 (4.62%) than the resistance at £0.350 (7.69%), 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 negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -3.610 Sell Candidate Downgraded
Predicted Opening Price for Angus Energy Plc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
£0.331 ( 1.94%) | £0.325 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANGS.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.400 | 23.13% |
R2 | 0.374 | 15.03% |
R1 | 0.358 | 10.03% |
Price | 0.325 | |
S1 | 0.305 | -6.16% |
S2 | 0.289 | -11.16% |
S3 | 0.262 | -19.26% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.400 | 23.08% |
R2 | 0.375 | 15.38% |
R1 | 0.350 | 7.69% |
Price | 0.325 | |
S1 | 0.310 | -4.62% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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