Us Solar Fund Plc Trust Forecast

Strong day for Us Solar Fund Plc trust price on Friday rising 5.26% to £38.00
(Updated on Jun 28, 2024)

USFP.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 5.56%. Further rise is indicated until a new top pivot has been found. Us Solar Fund Plc 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Us Solar Fund Plc trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at £38.67. On a fall, the trust will find some support from the short-term average at £37.10. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Us Solar Fund Plc finds support from accumulated volume at £37.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This trust has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the trust moved £0.210 between high and low, or 0.556%. For the last week, the trust has had daily average volatility of 4.43%.

Our recommended stop-loss: £35.77 (-5.87%) (This trust has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (USFP.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Us Solar Fund Plc to open at £37.93, and during the day (based on 14 day Average True Range), to move between £35.74 and £40.26, which gives a possible trading interval of +/-£2.26 (+/-5.95%) 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 11.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £38.50 (1.32%) than the support at £37.00 (2.63%), 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?

Us Solar Fund 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 trust since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Us Solar Fund Plc of Monday, July 1, 2024

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