Frenkel Topping Group plc Stock Forecast
Green day on Friday for Frenkel Topping Group plc
(Updated on May 17, 2024)
The Frenkel Topping Group plc stock price gained 3.00% on the last trading day (Friday, 17th May 2024), rising from £50.00 to £51.50. During the last trading day the stock fluctuated 5.00% from a day low at £50.00 to a day high of £52.50. The price has fallen in 5 of the last 10 days and is down by -1.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 179 thousand more shares were traded than the day before. In total, 188 thousand shares were bought and sold for approximately £9.71 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.93% during the next 3 months and, with a 90% probability hold a price between £55.56 and £60.62 at the end of this 3-month period.
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FEN.L Signals & Forecast
There are mixed signals in the stock today. The Frenkel Topping Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £51.72. On a fall, the stock will find some support from the short-term average at £51.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 29, 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Frenkel Topping Group plc stock
Frenkel Topping Group plc finds support from accumulated volume at £51.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £2.50 (5.00%) between high and low. For the last week, the stock has had daily average volatility of 4.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FEN.L) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Frenkel Topping Group plc to open at £51.33, and during the day (based on 14 day Average True Range), to move between £49.81 and £53.19, which gives a possible trading interval of +/-£1.69 (+/-3.28%) up or down from last closing price. If Frenkel Topping Group plc takes out the full calculated possible swing range there will be an estimated 6.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £51.00 (0.97%) than the resistance at £52.50 (1.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Frenkel Topping Group plc stock A Buy?
Frenkel Topping Group plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.936 Sell Candidate Unchanged
Predicted Opening Price for Frenkel Topping Group plc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| £51.33 ( 0.324%) | £51.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.83 | 4.53 % | |
| R2 | 52.88 | 2.68 % | ||
| R1 | 52.29 | 1.53 % | ||
| Current price: | 51.50 | |||
| Support | S1 | 50.38 | -2.18 % | |
| S2 | 49.79 | -3.32 % | ||
| S3 | 48.83 | -5.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.50 | 3.88 % | |
| R2 | 53.00 | 2.91 % | ||
| R1 | 52.50 | 1.94 % | ||
| Current price | 51.50 | |||
| Support | S1 | 51.00 | -0.97% | |
| S2 | 50.50 | -1.94% | ||
| S3 | 48.00 | -6.80% |
FEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 03, 2024 | Oct 03, 2024 | Oct 18, 2024 | £1.38 | 2.67% |
| 2 | Nov 10, 2022 | Nov 17, 2022 | Dec 02, 2022 | £0.340 | 0.458% |
| 3 | May 16, 2022 | Oct 06, 2022 | Oct 21, 2022 | £1.02 | 1.61% |
| 4 | Sep 20, 2021 | Sep 30, 2021 | Oct 15, 2021 | £0.340 | 0.466% |
| 5 | May 05, 2021 | Jun 10, 2021 | Jun 25, 2021 | £1.04 | 1.94% |
FAQ
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