Angus Energy Plc Forecast and Stock Analysis
Technical ANGS.L stock analysis for April 24, 2019.
No changes to the price of Angus Energy Plc in the last trading day. The price has fallen in 5 of the last 10 days and is down by -5% for this period.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ANGS.L stock was £5.70.
During day the stock fluctuated 4.39% from a day low at £5.70 to a day high of £5.95.
30 day high of the ANGS.L stock price was £6.45 and low was £5.25.
90 day high was £9.40 and low was £3.30.
52 week high for the Angus Energy Plc - £16.15 and low - £3.30.
Trend
Angus Energy Plc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.64% during the next 3 months and, with 90% probability hold a price between £3.29 and £7.12 at the end of this period.
Signals
Angus Energy Plc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately £5.78. On a fall, the stock will find some support from the long-term average at approximately £5.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
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Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Angus Energy Plc finds support from accumulated volume at £5.50.
Risk
This stock may move much during a 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 £0.25 between high and low, or 4.39%. For the last week, the stock has had a daily average volatility of 5.29%.
Our recommended stoploss: £5.34 (-6.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Hold/Accumulate
Angus Energy Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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