AFC Energy plc Stock Forecast
AFC Energy plc stock price up 0.442% on Thursday
(Updated on Apr 25, 2024)
The AFC Energy plc stock price gained 0.442% on the last trading day (Thursday, 25th Apr 2024), rising from £18.10 to £18.18. During the last trading day the stock fluctuated 8.33% from a day low at £18.00 to a day high of £19.50. The price has fallen in 7 of the last 10 days and is down by -7.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 461 thousand more shares were traded than the day before. In total, 899 thousand shares were bought and sold for approximately £16.35 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.42% during the next 3 months and, with a 90% probability hold a price between £17.38 and £24.41 at the end of this 3-month period.
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AFC.L Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AFC Energy 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 £18.59 and £18.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -15.44%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AFC Energy plc stock
AFC Energy plc finds support from accumulated volume at £17.40 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 £1.50 between high and low, or 8.33%. For the last week, the stock has had daily average volatility of 8.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AFC.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect AFC Energy plc to open at £18.56, and during the day (based on 14 day Average True Range), to move between £16.49 and £19.87, which gives a possible trading interval of +/-£1.69 (+/-9.27%) up or down from last closing price. If AFC Energy plc takes out the full calculated possible swing range there will be an estimated 18.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £17.40 (4.29%) than the resistance at £19.00 (4.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AFC Energy plc stock A Buy?
The AFC Energy plc stock holds several negative signals and despite the positive trend, we believe AFC Energy plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.522 Sell Candidate Unchanged
Predicted Opening Price for AFC Energy plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £18.56 ( 2.09%) | £18.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.06 | 10.34 % | |
| R2 | 19.49 | 7.19 % | ||
| R1 | 19.13 | 5.24 % | ||
| Current price: | 18.18 | |||
| Support | S1 | 17.99 | -1.06 % | |
| S2 | 17.63 | -3.01 % | ||
| S3 | 17.06 | -6.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.50 | 18.26 % | |
| R2 | 20.00 | 10.01 % | ||
| R1 | 19.00 | 4.51 % | ||
| Current price | 18.18 | |||
| Support | S1 | 17.40 | -4.29% | |
| S2 | 16.36 | -10.01% | ||
| S3 | 15.20 | -16.39% |
FAQ
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