Aptitude Software Group plc Stock Forecast
Weaker technical forecast for Aptitude Software Group plc as stock downgraded to Sell Candidate.
(Updated on May 08, 2024)
The Aptitude Software Group plc stock price fell by -2.65% on the last day (Wednesday, 8th May 2024) from £302.00 to £294.00. During the last trading day the stock fluctuated 5.10% from a day low at £294.00 to a day high of £309.00. The price has fallen in 6 of the last 10 days and is down by -3.29% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -525 thousand shares and in total, 72 thousand shares were bought and sold for approximately £21.20 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £284.73 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.90% during the next 3 months and, with a 90% probability hold a price between £276.48 and £343.14 at the end of this 3-month period.
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APTD.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 1.38%. 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. The Aptitude Software 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 £298.43 and £306.97. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Aptitude Software Group plc stock
Aptitude Software Group plc finds support from accumulated volume at £292.00 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 £15.00 between high and low, or 5.10%. For the last week the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APTD.L) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Aptitude Software Group plc to open at £299.00, and during the day (based on 14 day Average True Range), to move between £282.75 and £305.25, which gives a possible trading interval of +/-£11.25 (+/-3.83%) up or down from last closing price. If Aptitude Software Group plc takes out the full calculated possible swing range there will be an estimated 7.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £292.00 (0.68%) than the resistance at £300.00 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aptitude Software Group plc stock A Buy?
Aptitude Software Group plc holds several negative signals and is within a 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 Hold/Accumulate to a Sell candidate.
Current score: -2.204 Sell Candidate Downgraded
Predicted Opening Price for Aptitude Software Group plc of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
£299.00 ( 1.70%) | £294.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APTD.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 314.00 | 6.80 % | |
R2 | 308.27 | 4.85 % | ||
R1 | 304.73 | 3.65 % | ||
Current price: | 294.00 | |||
Support | S1 | 293.27 | -0.248 % | |
S2 | 289.73 | -1.45 % | ||
S3 | 284.00 | -3.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 335.00 | 13.95 % | |
R2 | 305.00 | 3.74 % | ||
R1 | 300.00 | 2.04 % | ||
Current price | 294.00 | |||
Support | S1 | 292.00 | -0.680% | |
S2 | 290.00 | -1.36% | ||
S3 | 0 | . |
APTD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2024 | May 23, 2024 | Jun 14, 2024 | £3.60 | 1.19% |
2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £1.80 | 0.625% |
3 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £3.60 | 1.16% |
4 | Jul 28, 2022 | Aug 04, 2022 | Aug 26, 2022 | £1.80 | 0.442% |
5 | Mar 15, 2022 | May 12, 2022 | Jun 03, 2022 | £3.60 | 1.04% |
FAQ
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