Bezant Resources Plc Stock Forecast
High volatility in Bezant Resources Plc stock price on Wednesday which ended trading at £0.0200
(Updated on May 01, 2024)
The Bezant Resources Plc stock price fell by -4.76% on the last day (Wednesday, 1st May 2024) from £0.0210 to £0.0200. During the last trading day the stock fluctuated 11.11% from a day low at £0.0180 to a day high of £0.0200. The price has risen in 4 of the last 10 days but is still down by -2.44% 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 -11 million shares and in total, 32 million shares were bought and sold for approximately £632.15 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.35% during the next 3 months and, with a 90% probability hold a price between £0.0139 and £0.0189 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BZT.L Signals & Forecast
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. The Bezant Resources 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 £0.0205 and £0.0216. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -4.76%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Bezant Resources Plc stock
Bezant Resources Plc finds support from accumulated volume at £0.0195 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0.0020 between high and low, or 11.11%. For the last week the stock has had daily average volatility of 13.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BZT.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Bezant Resources Plc to open at £0.0193, and during the day (based on 14 day Average True Range), to move between £0.0169 and £0.0231, which gives a possible trading interval of +/-£0.0031 (+/-15.59%) up or down from last closing price. If Bezant Resources Plc takes out the full calculated possible swing range there will be an estimated 31.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.0205 (2.50%) than the support at £0.0195 (2.50%), 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 Bezant Resources Plc stock A Buy?
Bezant Resources Plc holds several negative signals and is within a very 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 Strong Sell candidate.
Current score: -5.160 Strong Sell Candidate Downgraded
Predicted Opening Price for Bezant Resources Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £0.0193 ( 3.33%) | £0.0200 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BZT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0213 | 6.67 % | |
| R2 | 0.0206 | 2.85 % | ||
| R1 | 0.0201 | 0.487 % | ||
| Current price: | 0.0200 | |||
| Support | S1 | 0.0186 | -7.15 % | |
| S2 | 0.0181 | -9.51 % | ||
| S3 | 0.0173 | -13.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0240 | 20.00 % | |
| R2 | 0.0210 | 5.00 % | ||
| R1 | 0.0205 | 2.50 % | ||
| Current price | 0.0200 | |||
| Support | S1 | 0.0195 | -2.50% | |
| S2 | 0.0190 | -5.00% | ||
| S3 | 0.0180 | -10.00% |
BZT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2013 | May 23, 2013 | May 30, 2013 | £0.0889 | 0.418% |
FAQ
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