Ansell Limited Stock Forecast

Red day on Tuesday for Ansell Limited
(Updated on May 28, 2024)

ANN.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 2.04%. 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 Ansell Limited 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 $25.28 and $25.32. A break-up above any of these levels will issue buy signals. 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 Ansell Limited stock

Ansell Limited finds support from accumulated volume at $24.95 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.470 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 1.76%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ANN.AX) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect Ansell Limited to open at $25.06, and during the day (based on 14 day Average True Range), to move between $24.48 and $25.52, which gives a possible trading interval of +/-$0.522 (+/-2.09%) up or down from last closing price. If Ansell Limited takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.95 (0.20%) than the resistance at $25.07 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ansell Limited stock A Buy?

The Ansell Limited stock holds several negative signals and despite the positive trend, we believe Ansell Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.846 Sell Candidate Unchanged

Predicted Opening Price for Ansell Limited of Wednesday, May 29, 2024

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