Diaceutics Plc Stock Forecast

Red day on Friday for Diaceutics Plc
(Updated on Apr 26, 2024)

DXRX.L Signals & Forecast

The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Diaceutics 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 £103.14 and £103.20. 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 02, 2024, and so far it has fallen -3.74%. 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).

Support, Risk & Stop-loss for Diaceutics Plc stock

Diaceutics Plc finds support from accumulated volume at £101.50 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 £2.00 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.40%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DXRX.L) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Diaceutics Plc to open at £103.00, and during the day (based on 14 day Average True Range), to move between £101.29 and £104.71, which gives a possible trading interval of +/-£1.71 (+/-1.66%) up or down from last closing price. If Diaceutics Plc takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £104.00 (0.97%) than the support at £101.50 (1.46%), 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 Diaceutics Plc stock A Buy?

The Diaceutics Plc stock holds several negative signals and despite the positive trend, we believe Diaceutics Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.408 Sell Candidate Unchanged

Predicted Opening Price for Diaceutics Plc of Monday, April 29, 2024

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