Diaceutics Plc Stock Forecast
Red day on Thursday for Diaceutics Plc stock after losing 0%
(Updated on May 09, 2024)
No changes to the price of Diaceutics Plc stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £97.50 to a day high of £97.50. The price has been going up and down for this period, and there has been a -5.34% loss for the last 2 weeks.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £96.89 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 4.23% during the next 3 months and, with a 90% probability hold a price between £101.00 and £113.53 at the end of this 3-month period.
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DXRX.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 £98.36 and £102.78. A break-up above any of these levels will issue buy signals. 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 Diaceutics Plc stock
Diaceutics Plc finds support from accumulated volume at £96.00 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 2.13%
Diaceutics Plc is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect Diaceutics Plc to open at £97.50, and during the day (based on 14 day Average True Range), to move between £95.57 and £99.43, which gives a possible trading interval of +/-£1.93 (+/-1.98%) up or down from last closing price. If Diaceutics Plc takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £96.00 (1.54%) than the resistance at £101.50 (4.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -1.887 Sell Candidate Unchanged
Predicted Opening Price for Diaceutics Plc of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
£97.50 ( 0%) | £97.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DXRX.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 97.50 | . | |
R2 | 97.50 | . | ||
R1 | 97.50 | . | ||
Current price: | 97.50 | |||
Support | S1 | 97.50 | . | |
S2 | 97.50 | . | ||
S3 | 97.50 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 104.00 | 6.67 % | |
R2 | 103.00 | 5.64 % | ||
R1 | 101.50 | 4.10 % | ||
Current price | 97.50 | |||
Support | S1 | 96.00 | -1.54% | |
S2 | 95.50 | -2.05% | ||
S3 | 93.50 | -4.10% |
FAQ
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