Wildcat Petroleum Plc Stock Forecast

Volatile ride for Wildcat Petroleum Plc stock price on Thursday moving between £0.150 and £0.180
(Updated on May 02, 2024)

WCAT.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 7.14%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wildcat Petroleum Plc 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 £0.151 and £0.195. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Wildcat Petroleum Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.142 and £0.140. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.140 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.0300 between high and low, or 20.00%. For the last week the stock has had daily average volatility of 22.29%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WCAT.L) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Wildcat Petroleum Plc to open at £0.160, and during the day (based on 14 day Average True Range), to move between £0.123 and £0.177, which gives a possible trading interval of +/-£0.0269 (+/-17.94%) up or down from last closing price. If Wildcat Petroleum Plc takes out the full calculated possible swing range there will be an estimated 35.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.155 (3.33%) than the support at £0.142 (5.33%), 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 Wildcat Petroleum Plc stock A Buy?

Wildcat Petroleum Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.186 Sell Candidate Upgraded

Predicted Opening Price for Wildcat Petroleum Plc of Friday, May 3, 2024

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