Aminex Plc Stock Forecast
Big movements in Aminex Plc stock price on Thursday moving 19.05% between high and low
(Updated on Apr 25, 2024)
The Aminex Plc stock price gained 6.67% on the last trading day (Thursday, 25th Apr 2024), rising from £1.13 to £1.20. During the last trading day the stock fluctuated 19.05% from a day low at £1.05 to a day high of £1.25. The price has risen in 5 of the last 10 days and is up by 50% 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, 6 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately £13.02 million.
The stock has broken the very wide and strong 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 £1.19, a level that may pose a second chance to hit a runner. According to fan-theory £1.57 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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AEX.L Signals & Forecast
Mostly positive signals in the chart today. The Aminex 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 £1.13 and £0.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.63%. 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 Aminex Plc stock
Aminex Plc finds support from accumulated volume at £1.18 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.200 between high and low, or 19.05%. For the last week, the stock has had daily average volatility of 15.01%.
The Aminex Plc stock is extremely overbought on RSI14 (84). 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: £1.16 (-3.32%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AEX.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Aminex Plc to open at £1.17, and during the day (based on 14 day Average True Range), to move between £1.08 and £1.32, which gives a possible trading interval of +/-£0.123 (+/-10.25%) up or down from last closing price. If Aminex Plc takes out the full calculated possible swing range there will be an estimated 20.51% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1.18, some £0.0250 (2.08%) from the current price of £1.20, our system finds the risk reward attractive.
Earnings coming up
Aminex Plc will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for Aminex Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.15% in the first trading day after earnings release.
Is Aminex Plc stock A Buy?
Aminex Plc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.563 Strong Buy Candidate Upgraded
Predicted Opening Price for Aminex Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £1.17 ( 2.78%) | £1.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEX.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.37 | 13.89 % | |
| R2 | 1.29 | 7.52 % | ||
| R1 | 1.24 | 3.59 % | ||
| Current price: | 1.20 | |||
| Support | S1 | 1.09 | -9.14 % | |
| S2 | 1.04 | -13.08 % | ||
| S3 | 0.97 | -19.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.20 | |||
| Support | S1 | 1.18 | -2.08% | |
| S2 | 1.13 | -6.25% | ||
| S3 | 0.95 | -21.25% |
FAQ
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