A2A Spa Stock Forecast
Red day on Thursday for A2A Spa
(Updated on Aug 08, 2019)
No changes to the price of A2A Spa stock on the last trading day (Thursday, 8th Aug 2019). During the last trading day the stock fluctuated 0% from a day low at £1.54 to a day high of £1.54. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.44% during the next 3 months and, with a 90% probability hold a price between £1.59 and £1.71 at the end of this 3-month period.
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0HT1.L Signals & Forecast
There are few to no technical positive signals at the moment. The A2A Spa 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 £1.54 and £1.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, August 07, 2019, and so far it has fallen 0%. 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 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for A2A Spa stock
A2A Spa finds support from accumulated volume at £1.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: £1.48 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (0HT1.L) For The Upcoming Trading Day Of Friday 9th
For the upcoming trading day on Friday, 9th we expect A2A Spa to open at £1.54, and during the day (based on 14 day Average True Range), to move between £1.53 and £1.55, which gives a possible trading interval of +/-£0.0113 (+/-0.73%) up or down from last closing price. If A2A Spa takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1.54 (0.08%) than the support at £1.53 (0.78%), 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 A2A Spa stock A Buy?
A2A Spa holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.760 Hold/Accumulate Unchanged
Predicted Opening Price for A2A Spa of Friday, August 9, 2019
Fair opening price August 9, 2019 | Current price |
---|---|
£1.54 ( 0%) | £1.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0HT1.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.54 | . | |
R2 | 1.54 | . | ||
R1 | 1.54 | . | ||
Current price: | 1.54 | |||
Support | S1 | 1.54 | . | |
S2 | 1.54 | . | ||
S3 | 1.54 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.56 | 1.59 % | |
R2 | 1.55 | 0.357 % | ||
R1 | 1.54 | 0.0812 % | ||
Current price | 1.54 | |||
Support | S1 | 1.53 | -0.779% | |
S2 | 1.50 | -2.40% | ||
S3 | 1.49 | -3.56% |
FAQ
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