Avingtrans plc Stock Forecast

Avingtrans plc stock price down 0% on Thursday
(Updated on Apr 25, 2024)

AVG.L Signals & Forecast

The Avingtrans plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £401.29 and £394.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 5.57%. 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. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Avingtrans plc stock

Avingtrans plc finds support from accumulated volume at £390.00 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 £7.50 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 2.12%.

Our recommended stop-loss: £386.42 (-4.59%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (AVG.L) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Avingtrans plc to open at £405.17, and during the day (based on 14 day Average True Range), to move between £393.43 and £416.57, which gives a possible trading interval of +/-£11.57 (+/-2.86%) up or down from last closing price. If Avingtrans plc takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £407.50 (0.62%) than the support at £390.00 (3.70%), 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 Avingtrans 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 Avingtrans plc stock to perform well in the short-term.

Current score: 3.321 Buy Candidate Unchanged

Predicted Opening Price for Avingtrans plc of Friday, April 26, 2024

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