Anpario plc Stock Forecast
Anpario plc stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The Anpario plc stock price fell by -0.176% on the last day (Thursday, 25th Apr 2024) from £255.00 to £254.55. During the last trading day the stock fluctuated 2.15% from a day low at £253.55 to a day high of £259.00. The price has been going up and down for this period, and there has been a 3.9% gain for the last 2 weeks. Volume has increased on the last day by 2 thousand 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, 21 thousand shares were bought and sold for approximately £5.35 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £254.83 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.92% during the next 3 months and, with a 90% probability hold a price between £213.50 and £244.83 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ANP.L Signals & Forecast
The Anpario plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £251.92 and £237.99. A breakdown below any of these levels will issue sell signals. 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, April 24, 2024, and so far it has fallen -0.176%. 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 Anpario plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £235.00 and £232.50. 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, Anpario plc finds support just below today's level at £235.00. If this is broken, then the next support from accumulated volume will be at £232.50 and £230.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £5.45 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: £247.76 (-2.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ANP.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Anpario plc to open at £255.70, and during the day (based on 14 day Average True Range), to move between £246.68 and £262.42, which gives a possible trading interval of +/-£7.87 (+/-3.09%) up or down from last closing price. If Anpario plc takes out the full calculated possible swing range there will be an estimated 6.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £255.00 (0.18%) than the support at £235.00 (7.68%), 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 Anpario plc stock A Buy?
Anpario 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: -0.970 Hold/Accumulate Downgraded
Predicted Opening Price for Anpario plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £255.70 ( 0.452%) | £254.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 261.15 | 2.59 % | |
| R2 | 259.07 | 1.77 % | ||
| R1 | 257.78 | 1.27 % | ||
| Current price: | 254.55 | |||
| Support | S1 | 253.62 | -0.366 % | |
| S2 | 252.33 | -0.87 % | ||
| S3 | 250.25 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 262.50 | 3.12 % | |
| R2 | 260.00 | 2.14 % | ||
| R1 | 255.00 | 0.177 % | ||
| Current price | 254.55 | |||
| Support | S1 | 235.00 | -7.68% | |
| S2 | 232.50 | -8.66% | ||
| S3 | 230.00 | -9.64% |
ANP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2024 | Jul 11, 2024 | Jul 26, 2024 | £7.50 | 2.95% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £7.35 | 3.38% |
| 3 | Sep 14, 2022 | Nov 10, 2022 | Nov 25, 2022 | £3.15 | 0.677% |
| 4 | Mar 16, 2022 | Jul 14, 2022 | Jul 29, 2022 | £7.00 | 1.23% |
| 5 | Sep 15, 2021 | Nov 11, 2021 | Nov 26, 2021 | £3.00 | 0.500% |
FAQ
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