Mirriad Advertising plc Stock Forecast

High volatility in Mirriad Advertising plc stock price on Friday which ended trading at £1.97
(Updated on Apr 26, 2024)

MIRI.L Signals & Forecast

The Mirriad Advertising plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £1.84 and £1.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 11.93%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Mirriad Advertising plc stock

Mirriad Advertising plc finds support from accumulated volume at £1.90 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.240 between high and low, or 13.71%. For the last week, the stock has had daily average volatility of 7.83%.

Our recommended stop-loss: £1.89 (-4.22%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (MIRI.L) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Mirriad Advertising plc to open at £1.90, and during the day (based on 14 day Average True Range), to move between £1.79 and £2.15, which gives a possible trading interval of +/-£0.182 (+/-9.22%) up or down from last closing price. If Mirriad Advertising plc takes out the full calculated possible swing range there will be an estimated 18.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £1.90 (3.55%) than the resistance at £2.24 (13.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mirriad Advertising plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mirriad Advertising plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.109 Buy Candidate Upgraded

Predicted Opening Price for Mirriad Advertising plc of Monday, April 29, 2024

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