Accesso Technology Group Plc Stock Forecast
Accesso Technology Group Plc stock price ended at £628.00 on Thursday, after gaining 0.319%.
(Updated on Apr 25, 2024)
The Accesso Technology Group Plc stock price gained 0.319% on the last trading day (Thursday, 25th Apr 2024), rising from £626.00 to £628.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.97% from a day low at £604.00 to a day high of £628.00. The price has risen in 7 of the last 10 days and is up by 12.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 thousand more shares were traded than the day before. In total, 76 thousand shares were bought and sold for approximately £47.51 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £615.95, a level that may pose a second chance to hit a runner. According to fan-theory £698.54 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ACSO.L Signals & Forecast
Mostly positive signals in the chart today. The Accesso Technology Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £617.71 and £547.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 23.87%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Accesso Technology Group Plc stock
Accesso Technology Group Plc finds support from accumulated volume at £616.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £24.00 between high and low, or 3.97%. For the last week, the stock has had daily average volatility of 2.94%.
The Accesso Technology Group Plc stock is extremely overbought on RSI14 (85). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: £607.28 (-3.30%) (This stock has high daily movements and this gives high risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (ACSO.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Accesso Technology Group Plc to open at £620.00, and during the day (based on 14 day Average True Range), to move between £610.19 and £645.81, which gives a possible trading interval of +/-£17.81 (+/-2.84%) up or down from last closing price. If Accesso Technology Group Plc takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £616.00, some £12.00 (1.91%) from the current price of £628.00, our system finds the risk reward attractive.
Is Accesso Technology Group Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Accesso Technology Group Plc stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 4.327 Buy Candidate Unchanged
Predicted Opening Price for Accesso Technology Group Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £620.00 ( 1.27%) | £628.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACSO.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 644.00 | 2.55 % | |
| R2 | 634.83 | 1.09 % | ||
| R1 | 629.17 | 0.186 % | ||
| Current price: | 628.00 | |||
| Support | S1 | 610.83 | -2.73 % | |
| S2 | 605.17 | -3.64 % | ||
| S3 | 596.00 | -5.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 628.00 | |||
| Support | S1 | 616.00 | -1.91% | |
| S2 | 533.00 | -15.13% | ||
| S3 | 532.00 | -15.29% |
FAQ
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