Angus Energy Plc Stock Forecast

Volatile ride for Angus Energy Plc stock price on Monday moving between £0.400 and £0.500
(Updated on Apr 22, 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 £0.453. On a fall, the stock will find some support from the long-term average at approximately £0.380. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.76%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Sell

Special Signal Notification

Double Top Formation

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

On the downside, the stock finds support just below today's level from accumulated volume at £0.425 and £0.400. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Angus Energy Plc finds support just below today's level at £0.425. If this is broken, then the next support from accumulated volume will be at £0.400 and £0.375.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.1000 between high and low, or 25.00%. For the last week the stock has had daily average volatility of 24.86%.

Our recommended stop-loss: £0.435 (-3.34%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (ANGS.L) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Angus Energy Plc to open at £0.450, and during the day (based on 14 day Average True Range), to move between £0.368 and £0.532, which gives a possible trading interval of +/-£0.0820 (+/-18.23%) up or down from last closing price. If Angus Energy Plc takes out the full calculated possible swing range there will be an estimated 36.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.475 (5.56%) than the support at £0.425 (5.56%), 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 Angus Energy Plc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.683 Buy Candidate Upgraded

Predicted Opening Price for Angus Energy Plc of Tuesday, April 23, 2024

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