Arcontech Group PLC Stock Forecast
Arcontech Group PLC stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
No changes to the price of Arcontech Group PLC stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £106.50 to a day high of £106.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £102.79 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.12% during the next 3 months and, with a 90% probability hold a price between £124.50 and £147.85 at the end of this 3-month period.
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ARC.L Signals & Forecast
There are few to no technical positive signals at the moment. The Arcontech 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 £106.76 and £107.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -1.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Arcontech Group PLC stock
Arcontech Group PLC finds support from accumulated volume at £105.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.516%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARC.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Arcontech Group PLC to open at £106.50, and during the day (based on 14 day Average True Range), to move between £105.00 and £108.00, which gives a possible trading interval of +/-£1.50 (+/-1.41%) up or down from last closing price. If Arcontech Group PLC takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £107.00 (0.47%) than the support at £105.00 (1.41%), 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 Arcontech Group PLC stock A Buy?
The Arcontech Group PLC stock holds several negative signals and despite the positive trend, we believe Arcontech Group PLC will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.225 Sell Candidate Downgraded
Predicted Opening Price for Arcontech Group PLC of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £106.50 ( 0%) | £106.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.50 | . | |
| R2 | 106.50 | . | ||
| R1 | 106.50 | . | ||
| Current price: | 106.50 | |||
| Support | S1 | 106.50 | . | |
| S2 | 106.50 | . | ||
| S3 | 106.50 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.50 | 1.88 % | |
| R2 | 108.00 | 1.41 % | ||
| R1 | 107.00 | 0.469 % | ||
| Current price | 106.50 | |||
| Support | S1 | 105.00 | -1.41% | |
| S2 | 94.00 | -11.74% | ||
| S3 | 91.50 | -14.08% |
ARC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 12, 2022 | Sep 29, 2022 | Oct 24, 2022 | £3.25 | 4.25% |
| 2 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | £2.75 | 1.94% |
| 3 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | £2.50 | 1.43% |
| 4 | Aug 22, 2019 | Sep 05, 2019 | Oct 04, 2019 | £2.00 | 1.03% |
| 5 | Aug 23, 2018 | Sep 06, 2018 | Oct 04, 2018 | £1.30 | 1.00% |
FAQ
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