Angus Energy Plc Stock Forecast

Big movements in Angus Energy Plc stock price on Friday moving 12.38% between high and low
(Updated on Apr 19, 2024)

ANGS.L Signals & Forecast

The Angus Energy 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 £0.439. On a fall, the stock will find some support from the long-term average at approximately £0.377. 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 Monday, April 15, 2024, and so far it has fallen -26.79%. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, March 12, 2024 and based on theory for this formation the price should fall by -26.36% to £0.302 within 13 trading days since signal was issued (Monday, April 22, 2024).

Support, Risk & Stop-loss for Angus Energy Plc stock

Angus Energy Plc finds support from accumulated volume at £0.400 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 £0.0495 between high and low, or 12.38%. For the last week, the stock has had daily average volatility of 36.43%.

Our recommended stop-loss: £0.386 (-5.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (ANGS.L) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Angus Energy Plc to open at £0.420, and during the day (based on 14 day Average True Range), to move between £0.329 and £0.491, which gives a possible trading interval of +/-£0.0807 (+/-19.69%) up or down from last closing price. If Angus Energy Plc takes out the full calculated possible swing range there will be an estimated 39.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.400 (2.44%) than the resistance at £0.425 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Angus Energy Plc stock A Buy?

Angus Energy 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: -0.544 Hold/Accumulate Downgraded

Predicted Opening Price for Angus Energy Plc of Monday, April 22, 2024

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