Fair Oaks Income Limited 2017USD Stock Forecast

Fair Oaks Income Limited 2017USD stock price ended at £0.575 on Wednesday, after gaining 0.88%.
(Updated on Apr 24, 2024)

FAIR.L Signals & Forecast

The Fair Oaks Income Limited 2017USD 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 £0.565 and £0.562. 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 Monday, April 22, 2024, and so far it has fallen -0.86%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Fair Oaks Income Limited 2017USD stock

Fair Oaks Income Limited 2017USD finds support from accumulated volume at £0.573 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 £0.0200 between high and low, or 3.57%. For the last week the stock has had daily average volatility of 3.30%

Our recommended stop-loss: £0.554 (-3.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (FAIR.L) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Fair Oaks Income Limited 2017USD to open at £0.572, and during the day (based on 14 day Average True Range), to move between £0.559 and £0.591, which gives a possible trading interval of +/-£0.0159 (+/-2.77%) up or down from last closing price. If Fair Oaks Income Limited 2017USD takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.573 (0.43%) than the resistance at £0.578 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fair Oaks Income Limited 2017USD stock A Buy?

Fair Oaks Income Limited 2017USD 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.

Current score: -0.295 Hold/Accumulate Unchanged

Predicted Opening Price for Fair Oaks Income Limited 2017USD of Thursday, April 25, 2024

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