Fair Oaks Income Limited 2017USD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Fair Oaks Income Limited 2017USD stock after gaining 1.29%
(Updated on May 03, 2024)
The Fair Oaks Income Limited 2017USD stock price gained 1.29% on the last trading day (Friday, 3rd May 2024), rising from £0.583 to £0.590. During the last trading day the stock fluctuated 0% from a day low at £0.590 to a day high of £0.590. The price has risen in 6 of the last 10 days and is up by 5.83% over the past 2 weeks. Volume fell on the last day by -422 thousand shares and in total, 7 thousand shares were bought and sold for approximately £4.34 thousand. 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.
Given the current horizontal trend, you can expect Fair Oaks Income Limited 2017USD stock with a 90% probability to be traded between £0.525 and £0.582 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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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 £0.574 and £0.562. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 10.28%. Further rise is indicated until a new top pivot has been found. 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. 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 £0.580 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 1.55%
Our recommended stop-loss: £0.569 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (FAIR.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Fair Oaks Income Limited 2017USD to open at £0.590, and during the day (based on 14 day Average True Range), to move between £0.575 and £0.605, which gives a possible trading interval of +/-£0.0147 (+/-2.49%) 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 4.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £0.580, some £0.0100 (1.69%) from the current price of £0.590, our system finds the risk reward attractive.
Is Fair Oaks Income Limited 2017USD stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fair Oaks Income Limited 2017USD stock to perform well in the short-term period.
Current score: 1.513 Buy Candidate Unchanged
Predicted Opening Price for Fair Oaks Income Limited 2017USD of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £0.590 ( 0%) | £0.590 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAIR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.590 | . | |
| R2 | 0.590 | . | ||
| R1 | 0.590 | . | ||
| Current price: | 0.590 | |||
| Support | S1 | 0.590 | . | |
| S2 | 0.590 | . | ||
| S3 | 0.590 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.590 | |||
| Support | S1 | 0.580 | -1.69% | |
| S2 | 0.570 | -3.39% | ||
| S3 | 0.550 | -6.78% |
FAIR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Apr 02, 2024 | £0.0200 | 3.64% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0200 | 3.85% |
| 3 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | £0.0200 | 3.77% |
| 4 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £0.0159 | 3.29% |
| 5 | Feb 23, 2023 | Mar 02, 2023 | Mar 31, 2023 | £0.0169 | 3.52% |
FAQ
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