Foresight Solar Fund Limited Stock Forecast
Evaluation of Foresight Solar Fund Limited stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
No changes to the price of Foresight Solar Fund Limited stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 2.87% from a day low at £87.00 to a day high of £89.50. The price has risen in 6 of the last 10 days and is up by 7.72% over the past 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £88.44 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.35% during the next 3 months and, with a 90% probability hold a price between £73.14 and £81.94 at the end of this 3-month period. 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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FSFL.L Signals & Forecast
The Foresight Solar Fund Limited 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 £86.76 and £85.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 7.72%. 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 price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Foresight Solar Fund Limited stock
Foresight Solar Fund Limited finds support from accumulated volume at £86.80 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 (2.87%) between high and low. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: £84.03 (-4.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (FSFL.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Foresight Solar Fund Limited to open at £88.13, and during the day (based on 14 day Average True Range), to move between £85.90 and £89.90, which gives a possible trading interval of +/-£2.00 (+/-2.27%) up or down from last closing price. If Foresight Solar Fund Limited takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £88.10 (0.23%) than the support at £86.80 (1.25%), 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 Foresight Solar Fund Limited stock A Buy?
Foresight Solar Fund Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.485 Hold/Accumulate Downgraded
Predicted Opening Price for Foresight Solar Fund Limited of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £88.13 ( 0.265%) | £87.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSFL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 90.63 | 3.11 % | |
| R2 | 89.68 | 2.02 % | ||
| R1 | 89.09 | 1.35 % | ||
| Current price: | 87.90 | |||
| Support | S1 | 87.18 | -0.82 % | |
| S2 | 86.59 | -1.49 % | ||
| S3 | 85.63 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.90 | 2.28 % | |
| R2 | 89.20 | 1.48 % | ||
| R1 | 88.10 | 0.228 % | ||
| Current price | 87.90 | |||
| Support | S1 | 86.80 | -1.25% | |
| S2 | 86.00 | -2.16% | ||
| S3 | 82.70 | -5.92% |
FSFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 24, 2024 | £1.90 | 2.16% |
| 2 | Jan 25, 2024 | Jan 25, 2024 | Feb 23, 2024 | £0.0188 | 0.0211% |
| 3 | Oct 19, 2023 | Oct 19, 2023 | Oct 19, 2023 | £0.0190 | 0.0218% |
| 4 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £0.0188 | 0.0188% |
| 5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £1.78 | 1.63% |
FAQ
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