Animalcare Group Plc Stock Forecast
Evaluation of Animalcare Group Plc stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Animalcare Group Plc stock price fell by -0.88% on the last day (Thursday, 25th Apr 2024) from £217.00 to £215.10. During the last trading day the stock fluctuated 1.74% from a day low at £215.05 to a day high of £218.80. The price has been going up and down for this period, and there has been a 0.51% gain for the last 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 -5 thousand shares and in total, 10 thousand shares were bought and sold for approximately £2.19 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £210.76 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.95% during the next 3 months and, with a 90% probability hold a price between £246.47 and £286.94 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ANCR.L Signals & Forecast
The Animalcare Group Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £216.33. On a fall, the stock will find some support from the long-term average at approximately £212.88. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, February 28, 2024, and so far it has fallen -3.54%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Animalcare Group Plc stock
Animalcare Group Plc finds support from accumulated volume at £210.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £3.75 (1.74%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: £204.29 (-5.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (ANCR.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Animalcare Group Plc to open at £216.32, and during the day (based on 14 day Average True Range), to move between £208.54 and £221.66, which gives a possible trading interval of +/-£6.56 (+/-3.05%) up or down from last closing price. If Animalcare Group Plc takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £217.00 (0.88%) than the support at £210.00 (2.37%), 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 Animalcare Group Plc stock A Buy?
Animalcare Group Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.937 Hold/Accumulate Downgraded
Predicted Opening Price for Animalcare Group Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £216.32 ( 0.566%) | £215.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANCR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 220.07 | 2.31 % | |
| R2 | 218.63 | 1.64 % | ||
| R1 | 217.75 | 1.23 % | ||
| Current price: | 215.10 | |||
| Support | S1 | 214.88 | -0.100 % | |
| S2 | 214.00 | -0.512 % | ||
| S3 | 212.57 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 223.00 | 3.67 % | |
| R2 | 220.00 | 2.28 % | ||
| R1 | 217.00 | 0.88 % | ||
| Current price | 215.10 | |||
| Support | S1 | 210.00 | -2.37% | |
| S2 | 194.00 | -9.81% | ||
| S3 | 177.50 | -17.48% |
ANCR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £2.40 | 1.32% |
| 2 | Sep 27, 2022 | Oct 20, 2022 | Nov 18, 2022 | £2.00 | 0.85% |
| 3 | Mar 29, 2022 | Jun 09, 2022 | Jul 08, 2022 | £2.40 | 0.90% |
| 4 | Sep 28, 2021 | Oct 21, 2021 | Nov 19, 2021 | £2.00 | 0.556% |
| 5 | Mar 30, 2021 | Jun 03, 2021 | Jul 02, 2021 | £2.00 | 0.568% |
FAQ
Click here for our free guide on how to buy Animalcare Group Plc Stock.
