Us Solar Fund Plc Trust Forecast

Red day on Wednesday for Us Solar Fund Plc
(Updated on Jun 19, 2024)

USFP.L Signals & Forecast

The Us Solar Fund Plc trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £39.16 and £38.87. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 18, 2024, and so far it has fallen -1.76%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Us Solar Fund Plc trust

Us Solar Fund Plc finds support from accumulated volume at £38.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved £0 between high and low, or 0%. For the last week the trust has had daily average volatility of 4.29%

Our recommended stop-loss: £37.49 (-4.48%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (USFP.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Us Solar Fund Plc to open at £39.25, and during the day (based on 14 day Average True Range), to move between £37.15 and £41.35, which gives a possible trading interval of +/-£2.10 (+/-5.34%) up or down from last closing price. If Us Solar Fund Plc takes out the full calculated possible swing range there will be an estimated 10.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £39.50 (0.64%) than the support at £38.50 (1.91%), 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 Us Solar Fund Plc trust 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 Us Solar Fund Plc trust to perform well in the short-term.

Current score: 1.191 Buy Candidate Unchanged

Predicted Opening Price for Us Solar Fund Plc of Thursday, June 20, 2024

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