AMPCAP INF/FD Stock Forecast

Green day on Thursday for AMPCAP INF/FD
(Updated on Jun 20, 2024)

GLIN.AX Signals & Forecast

AMPCAP INF/FD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AMPCAP INF/FD 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 A$24.63 and A$24.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -3.54%. 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).

Support, Risk & Stop-loss for AMPCAP INF/FD stock

AMPCAP INF/FD finds support from accumulated volume at A$24.54 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved A$0.150 between high and low, or 0.612%. For the last week the stock has had daily average volatility of 0.432%.

Our recommended stop-loss: A$23.54 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (GLIN.AX) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect AMPCAP INF/FD to open at A$24.57, and during the day (based on 14 day Average True Range), to move between A$24.35 and A$24.75, which gives a possible trading interval of +/-A$0.195 (+/-0.79%) up or down from last closing price. If AMPCAP INF/FD takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at A$24.56 (0.04%) than the support at A$24.54 (0.04%), 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 AMPCAP INF/FD stock A Buy?

AMPCAP INF/FD holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.917 Hold/Accumulate Unchanged

Predicted Opening Price for AMPCAP INF/FD of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.