Aquis Exchange Plc Stock Forecast
Green day on Wednesday for Aquis Exchange Plc stock after gaining 0.649%
(Updated on May 01, 2024)
The Aquis Exchange Plc stock price gained 0.649% on the last trading day (Wednesday, 1st May 2024), rising from £462.00 to £465.00. During the last trading day the stock fluctuated 1.09% from a day low at £460.00 to a day high of £465.00. The price has risen in 5 of the last 10 days and is up by 11.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately £4.95 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.40% during the next 3 months and, with a 90% probability hold a price between £499.47 and £607.78 at the end of this 3-month period.
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AQX.L Signals & Forecast
The Aquis Exchange Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £467.29. On a fall, the stock will find some support from the long-term average at approximately £401.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -2.11%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Aquis Exchange Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £383.00 and £380.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aquis Exchange Plc finds support just below today's level at £383.00. If this is broken, then the next support from accumulated volume will be at £380.00 and £359.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £5.00 between high and low, or 1.09%. For the last week, the stock has had daily average volatility of 0.86%.
Our recommended stop-loss: £446.82 (-3.91%) (This stock has high daily movements and this gives high risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (AQX.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Aquis Exchange Plc to open at £463.33, and during the day (based on 14 day Average True Range), to move between £455.85 and £474.15, which gives a possible trading interval of +/-£9.15 (+/-1.97%) up or down from last closing price. If Aquis Exchange Plc takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £469.00 (0.86%) than the support at £383.00 (17.63%), 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 Aquis Exchange Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aquis Exchange Plc stock to perform well in the short-term.
Current score: 3.074 Buy Candidate Unchanged
Predicted Opening Price for Aquis Exchange Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £463.33 ( 0.358%) | £465.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AQX.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 468.33 | 0.717 % | |
| R2 | 466.42 | 0.306 % | ||
| R1 | 465.24 | 0.0523 % | ||
| Current price: | 465.00 | |||
| Support | S1 | 461.42 | -0.769 % | |
| S2 | 460.24 | -1.02 % | ||
| S3 | 458.33 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 475.00 | 2.15 % | |
| R2 | 470.00 | 1.08 % | ||
| R1 | 469.00 | 0.86 % | ||
| Current price | 465.00 | |||
| Support | S1 | 383.00 | -17.63% | |
| S2 | 380.00 | -18.28% | ||
| S3 | 359.00 | -22.80% |
FAQ
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