Amedeo Air Four Plus Ltd Stock Forecast
Red day on Wednesday for Amedeo Air Four Plus Ltd stock after losing 0%
(Updated on Apr 24, 2024)
No changes to the price of Amedeo Air Four Plus Ltd stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 1.32% from a day low at £38.00 to a day high of £38.50. The price has fallen in 6 of the last 10 days and is down by -7.73% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £37.71 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.77% during the next 3 months and, with a 90% probability hold a price between £35.16 and £38.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AA4.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.526%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amedeo Air Four Plus Ltd 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 £38.28 and £39.98. 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).
Support, Risk & Stop-loss for Amedeo Air Four Plus Ltd stock
Amedeo Air Four Plus Ltd finds support from accumulated volume at £38.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.500 between high and low, or 1.32%. For the last week, the stock has had daily average volatility of 1.36%.
Amedeo Air Four Plus Ltd is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AA4.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Amedeo Air Four Plus Ltd to open at £38.23, and during the day (based on 14 day Average True Range), to move between £37.49 and £38.91, which gives a possible trading interval of +/-£0.710 (+/-1.86%) up or down from last closing price. If Amedeo Air Four Plus Ltd takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £38.00 (0.52%) than the resistance at £40.00 (4.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amedeo Air Four Plus Ltd stock A Buy?
Amedeo Air Four Plus Ltd holds several negative signals and is within a 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.
Current score: -2.592 Sell Candidate Unchanged
Predicted Opening Price for Amedeo Air Four Plus Ltd of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £38.23 ( 0.0873%) | £38.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AA4.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.73 | 1.40 % | |
| R2 | 38.54 | 0.90 % | ||
| R1 | 38.42 | 0.587 % | ||
| Current price: | 38.20 | |||
| Support | S1 | 38.04 | -0.413 % | |
| S2 | 37.92 | -0.722 % | ||
| S3 | 37.73 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.25 | 7.98 % | |
| R2 | 40.50 | 6.02 % | ||
| R1 | 40.00 | 4.71 % | ||
| Current price | 38.20 | |||
| Support | S1 | 38.00 | -0.524% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AA4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 30, 2024 | £2.00 | 5.24% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Jan 31, 2024 | £0.0200 | 0.0477% |
| 3 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £1.75 | 3.80% |
| 4 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | £1.75 | 4.12% |
| 5 | Jan 05, 2023 | Jan 12, 2023 | Jan 31, 2023 | £1.50 | 3.75% |
FAQ
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