Ascential Plc Stock Forecast
Red day on Wednesday for Ascential Plc
(Updated on Apr 24, 2024)
The Ascential Plc stock price fell by -0.318% on the last day (Wednesday, 24th Apr 2024) from £314.40 to £313.40. During the last trading day the stock fluctuated 1.48% from a day low at £310.20 to a day high of £314.80. The price has fallen in 5 of the last 10 days and is down by -0.95% for this period. Volume has increased on the last day by 407 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, 2 million shares were bought and sold for approximately £584.17 million.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.76% during the next 3 months and, with a 90% probability hold a price between £320.23 and £333.91 at the end of this 3-month period.
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ASCL.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -0.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Ascential 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 £312.71 and £307.65. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Ascential Plc stock
Ascential Plc finds support from accumulated volume at £303.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £4.60 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: £303.47 (-3.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (ASCL.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Ascential Plc to open at £312.80, and during the day (based on 14 day Average True Range), to move between £308.16 and £318.64, which gives a possible trading interval of +/-£5.24 (+/-1.67%) up or down from last closing price. If Ascential Plc takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £314.40 (0.32%) than the support at £303.60 (3.13%), 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 Ascential Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ascential Plc stock to perform well in the short-term.
Current score: 1.548 Buy Candidate Unchanged
Predicted Opening Price for Ascential Plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £312.80 ( 0.191%) | £313.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASCL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 317.40 | 1.28 % | |
| R2 | 315.64 | 0.716 % | ||
| R1 | 314.56 | 0.369 % | ||
| Current price: | 313.40 | |||
| Support | S1 | 311.04 | -0.752 % | |
| S2 | 309.96 | -1.10 % | ||
| S3 | 308.20 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 316.40 | 0.96 % | |
| R2 | 315.00 | 0.511 % | ||
| R1 | 314.40 | 0.319 % | ||
| Current price | 313.40 | |||
| Support | S1 | 303.60 | -3.13% | |
| S2 | 301.60 | -3.77% | ||
| S3 | 301.40 | -3.83% |
ASCL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 24, 2020 | May 14, 2020 | Jun 11, 2020 | £4.00 | 1.47% |
| 2 | Feb 24, 2020 | May 13, 2020 | Jun 11, 2020 | £4.00 | 1.47% |
| 3 | Jul 22, 2019 | Aug 29, 2019 | Sep 27, 2019 | £1.80 | 0.475% |
| 4 | Feb 25, 2019 | May 16, 2019 | Jun 14, 2019 | £3.90 | 1.06% |
| 5 | Jul 23, 2018 | Aug 30, 2018 | Sep 28, 2018 | £1.90 | 0.455% |
FAQ
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