Anglo-Eastern Plantations Plc Stock Forecast

Anglo-Eastern Plantations Plc stock price down 0% on Thursday
(Updated on Apr 18, 2024)

AEP.L Signals & Forecast

The Anglo-Eastern Plantations 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 £728.71 and £702.54. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -1.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Tuesday, October 17, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Anglo-Eastern Plantations Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £694.00 and £692.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Anglo-Eastern Plantations Plc finds support just below today's level at £694.00. If this is broken, then the next support from accumulated volume will be at £692.00 and £682.00.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £7.50 (1.02%) between high and low. For the last week, the stock has had daily average volatility of 2.20%.

Our recommended stop-loss: £706.67 (-3.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (AEP.L) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Anglo-Eastern Plantations Plc to open at £736.10, and during the day (based on 14 day Average True Range), to move between £722.19 and £749.81, which gives a possible trading interval of +/-£13.81 (+/-1.88%) up or down from last closing price. If Anglo-Eastern Plantations Plc takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £744.00 (1.09%) than the support at £694.00 (5.71%), 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 Anglo-Eastern Plantations Plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Anglo-Eastern Plantations Plc stock to perform well in the short-term.

Current score: 1.380 Buy Candidate Unchanged

Predicted Opening Price for Anglo-Eastern Plantations Plc of Friday, April 19, 2024

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