Angus Energy Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Angus Energy Plc stock price on Thursday moving between £0.313 and £0.450
(Updated on Apr 25, 2024)
The Angus Energy Plc stock price fell by -11.76% on the last day (Thursday, 25th Apr 2024) from £0.425 to £0.375. During the last trading day the stock fluctuated 44.00% from a day low at £0.313 to a day high of £0.450. The price has fallen in 5 of the last 10 days but is still up by 7.14% over the past 2 weeks. Volume has increased on the last day by 21 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 24 million shares were bought and sold for approximately £9.09 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Angus Energy Plc stock with a 90% probability to be traded between £0.312 and £0.563 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ANGS.L Signals & Forecast
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. The Angus 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 £0.426 and £0.387. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -33.04%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Angus Energy Plc stock
Angus Energy Plc finds support from accumulated volume at £0.362 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 £0.138 between high and low, or 44.00%. For the last week, the stock has had daily average volatility of 23.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANGS.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Angus Energy Plc to open at £0.379, and during the day (based on 14 day Average True Range), to move between £0.290 and £0.460, which gives a possible trading interval of +/-£0.0851 (+/-22.69%) up or down from last closing price. If Angus Energy Plc takes out the full calculated possible swing range there will be an estimated 45.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.362 (3.47%) than the resistance at £0.400 (6.67%), 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 negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -3.005 Sell Candidate Downgraded
Predicted Opening Price for Angus Energy Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £0.379 ( 1.11%) | £0.375 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANGS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.517 | 37.78 % | |
| R2 | 0.464 | 23.77 % | ||
| R1 | 0.432 | 15.12 % | ||
| Current price: | 0.375 | |||
| Support | S1 | 0.327 | -12.90 % | |
| S2 | 0.294 | -21.55 % | ||
| S3 | 0.242 | -35.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.425 | 13.33 % | |
| R2 | 0.410 | 9.33 % | ||
| R1 | 0.400 | 6.67 % | ||
| Current price | 0.375 | |||
| Support | S1 | 0.362 | -3.47% | |
| S2 | 0.350 | -6.67% | ||
| S3 | 0.325 | -13.33% |
FAQ
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