Anglesey Mining plc Stock Forecast
Big movements in Anglesey Mining plc stock price on Friday moving 12.68% between high and low
(Updated on May 17, 2024)
The Anglesey Mining plc stock price gained 9.49% on the last trading day (Friday, 17th May 2024), rising from £1.37 to £1.50. During the last trading day the stock fluctuated 12.68% from a day low at £1.42 to a day high of £1.60. The price has been going up and down for this period, and there has been a 7.14% gain for the last 2 weeks. Volume fell on the last day by -154 thousand shares and in total, 706 thousand shares were bought and sold for approximately £1.06 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £1.47, a level that may pose a second chance to hit a runner. According to fan-theory £1.69 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AYM.L Signals & Forecast
The Anglesey Mining 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 £1.43 and £1.41. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Anglesey Mining plc stock
Anglesey Mining plc finds support from accumulated volume at £1.48 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 controlled movements and therefore the general risk is considered 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 £0.180 between high and low, or 12.68%. For the last week the stock has had daily average volatility of 15.71%.
Our recommended stop-loss: £1.45 (-3.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (AYM.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Anglesey Mining plc to open at £1.51, and during the day (based on 14 day Average True Range), to move between £1.31 and £1.69, which gives a possible trading interval of +/-£0.190 (+/-12.68%) up or down from last closing price. If Anglesey Mining plc takes out the full calculated possible swing range there will be an estimated 25.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1.48 (1.33%) than the resistance at £1.55 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Anglesey Mining plc stock A Buy?
Anglesey Mining plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.947 Hold/Accumulate Upgraded
Predicted Opening Price for Anglesey Mining plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| £1.51 ( 0.444%) | £1.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.69 | 12.44 % | |
| R2 | 1.62 | 7.86 % | ||
| R1 | 1.58 | 5.03 % | ||
| Current price: | 1.50 | |||
| Support | S1 | 1.44 | -4.14 % | |
| S2 | 1.40 | -6.97 % | ||
| S3 | 1.33 | -11.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1.60 | 6.67 % | ||
| R1 | 1.55 | 3.33 % | ||
| Current price | 1.50 | |||
| Support | S1 | 1.48 | -1.33% | |
| S2 | 1.40 | -6.67% | ||
| S3 | 1.35 | -10.00% |
FAQ
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