Ferrexpo Plc Stock Forecast
Ferrexpo Plc stock price ended at £50.30 on Friday, after gaining 1.41%.
(Updated on May 03, 2024)
The Ferrexpo Plc stock price gained 1.41% on the last trading day (Friday, 3rd May 2024), rising from £49.60 to £50.30. During the last trading day the stock fluctuated 4.18% from a day low at £49.05 to a day high of £51.10. The price has been going up and down for this period, and there has been a 6.34% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 215 thousand more shares were traded than the day before. In total, 695 thousand shares were bought and sold for approximately £34.97 million.
Given the current short-term trend, the stock is expected to fall -47.95% during the next 3 months and, with a 90% probability hold a price between £10.76 and £26.18 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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FXPO.L Signals & Forecast
The Ferrexpo Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £50.84. On a fall, the stock will find some support from the long-term average at approximately £47.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 16.71%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ferrexpo Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £47.30 and £46.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ferrexpo Plc finds support just below today's level at £47.30. If this is broken, then the next support from accumulated volume will be at £46.60 and £43.10.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £2.05 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 6.07%.
Our recommended stop-loss: £48.38 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (FXPO.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Ferrexpo Plc to open at £50.15, and during the day (based on 14 day Average True Range), to move between £47.30 and £53.30, which gives a possible trading interval of +/-£3.00 (+/-5.96%) up or down from last closing price. If Ferrexpo Plc takes out the full calculated possible swing range there will be an estimated 11.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £51.40 (2.19%) than the support at £47.30 (5.96%), 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 Ferrexpo Plc stock A Buy?
Ferrexpo Plc 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: -0.594 Hold/Accumulate Unchanged
Predicted Opening Price for Ferrexpo Plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £50.15 ( 0.298%) | £50.30 |
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 | 52.20 | 3.78 % | |
| R2 | 51.42 | 2.22 % | ||
| R1 | 50.93 | 1.26 % | ||
| Current price: | 50.30 | |||
| Support | S1 | 49.37 | -1.86 % | |
| S2 | 48.88 | -2.82 % | ||
| S3 | 48.10 | -4.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.00 | 9.34 % | |
| R2 | 52.20 | 3.78 % | ||
| R1 | 51.40 | 2.19 % | ||
| Current price | 50.30 | |||
| Support | S1 | 47.30 | -5.96% | |
| S2 | 46.60 | -7.36% | ||
| S3 | 43.10 | -14.31% |
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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