Ferrexpo Plc Stock Forecast
Ferrexpo Plc stock price ended at £43.24 on Wednesday, after losing 1.10%.
(Updated on Mar 27, 2024)
The Ferrexpo Plc stock price fell by -1.10% on the last day (Wednesday, 27th Mar 2024) from £43.72 to £43.24. During the last trading day the stock fluctuated 4.28% from a day low at £42.90 to a day high of £44.74. The price has fallen in 8 of the last 10 days and is down by -18.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -593 thousand shares and in total, 1 million shares were bought and sold for approximately £52.02 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £40.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -34.81% during the next 3 months and, with a 90% probability hold a price between £26.18 and £45.20 at the end of this 3-month period.
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FXPO.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 0.325%. 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 Ferrexpo 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 £44.45 and £66.50. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ferrexpo Plc stock
Ferrexpo Plc finds support from accumulated volume at £43.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £1.84 between high and low, or 4.28%. For the last week, the stock has had daily average volatility of 6.14%.
Ferrexpo Plc is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FXPO.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Ferrexpo Plc to open at £43.63, and during the day (based on 14 day Average True Range), to move between £39.58 and £46.90, which gives a possible trading interval of +/-£3.66 (+/-8.47%) up or down from last closing price. If Ferrexpo Plc takes out the full calculated possible swing range there will be an estimated 16.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £43.22 (0.05%) than the resistance at £43.74 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ferrexpo Plc stock A Buy?
Ferrexpo Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.953 Sell Candidate Unchanged
Predicted Opening Price for Ferrexpo Plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£43.63 ( 0.89%) | £43.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXPO.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.46 | 5.13 % | |
R2 | 44.76 | 3.51 % | ||
R1 | 44.33 | 2.51 % | ||
Current price: | 43.24 | |||
Support | S1 | 42.92 | -0.731 % | |
S2 | 42.49 | -1.73 % | ||
S3 | 41.79 | -3.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.40 | 18.87 % | |
R2 | 46.60 | 7.77 % | ||
R1 | 43.74 | 1.16 % | ||
Current price | 43.24 | |||
Support | S1 | 43.22 | -0.0463% | |
S2 | 43.10 | -0.324% | ||
S3 | 0 | . |
FXPO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Jan 25, 2024 | Feb 23, 2024 | £2.60 | 3.51% |
2 | May 10, 2022 | Jun 16, 2022 | Jul 04, 2022 | £6.60 | 5.15% |
3 | May 31, 2022 | Jun 09, 2022 | Jun 28, 2022 | £13.20 | 9.27% |
4 | Dec 22, 2021 | Jan 06, 2022 | Jan 28, 2022 | £6.60 | 2.69% |
5 | Aug 04, 2021 | Aug 12, 2021 | Aug 26, 2021 | £39.60 | 10.59% |
FAQ
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