Anglo African Oil & Gas Plc Stock Forecast
Red day on Tuesday for Anglo African Oil & Gas Plc
(Updated on Sep 01, 2020)
The Anglo African Oil & Gas Plc stock price fell by -3.45% on the last day (Tuesday, 1st Sep 2020) from £0.0029 to £0.0028. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0% from a day low at £0.0028 to a day high of £0.0028. The price has fallen in 4 of the last 10 days but is still up by 27.27% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -329 thousand shares and in total, 2 million shares were bought and sold for approximately £6.65 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.53% during the next 3 months and, with a 90% probability hold a price between £0.0019 and £0.0025 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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AAOG.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Anglo African Oil & Gas Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £0.0052 and £0.0034. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock 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 Anglo African Oil & Gas Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (AAOG.L) For The Upcoming Trading Day Of Wednesday 2nd
With no support below and resistance from accumulated volume @ £0.0029, some £0.0001 (3.57%) from the current price of £0.0028, our system finds the risk reward not very attractive.
Is Anglo African Oil & Gas Plc stock A Buy?
Anglo African Oil & Gas Plc 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: 0.000 Hold/Accumulate Unchanged
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 Anglo African Oil & Gas Plc of Wednesday, September 2, 2020
| Fair opening price September 2, 2020 | Current price |
|---|---|
| £0.0028 ( 0%) | £0.0028 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAOG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0028 | . | |
| R2 | 0.0028 | . | ||
| R1 | 0.0028 | . | ||
| Current price: | 0.0028 | |||
| Support | S1 | 0.0028 | . | |
| S2 | 0.0028 | . | ||
| S3 | 0.0028 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0029 | 3.57 % | ||
| Current price | 0.0028 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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