N4 Pharma Plc Stock Forecast

Volatile ride for N4 Pharma Plc stock price on Friday moving between £0.750 and £0.85
(Updated on Apr 26, 2024)

N4P.L Signals & Forecast

The N4 Pharma 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 £0.84. On a fall, the stock will find some support from the long-term average at approximately £0.758. 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. 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -15.76%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for N4 Pharma Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.725 and £0.700. 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, N4 Pharma Plc finds support just below today's level at £0.725. If this is broken, then the next support from accumulated volume will be at £0.700 and £0.675.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.1000 between high and low, or 13.33%. For the last week the stock has had daily average volatility of 13.17%.

Our recommended stop-loss: £0.730 (-5.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (N4P.L) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect N4 Pharma Plc to open at £0.792, and during the day (based on 14 day Average True Range), to move between £0.687 and £0.86, which gives a possible trading interval of +/-£0.0878 (+/-11.33%) up or down from last closing price. If N4 Pharma Plc takes out the full calculated possible swing range there will be an estimated 22.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.83 (6.45%) than the support at £0.725 (6.45%), 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 N4 Pharma Plc stock A Buy?

N4 Pharma 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.873 Hold/Accumulate Upgraded

Predicted Opening Price for N4 Pharma Plc of Monday, April 29, 2024

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