Clontarf Energy Plc Stock Forecast
Is Clontarf Energy Plc stock still a buy after falling -55.00% on Tuesday?
(Updated on Sep 01, 2020)
The Clontarf Energy Plc stock price fell by -55.00% on the last day (Tuesday, 1st Sep 2020) from £0.0100 to £0.0045. During the last trading day the stock fluctuated 0% from a day low at £0.0045 to a day high of £0.0045. The price has been going up and down for this period, and there has been a -55% loss for the last 2 weeks. Volume has increased on the last day by 2 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, 3 million shares were bought and sold for approximately £14.64 thousand.
Given the current short-term trend, the stock is expected to fall -33.08% during the next 3 months and, with a 90% probability hold a price between £0.0030 and £0.0060 at the end of this 3-month period.
CLON.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 Clontarf 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 £0.0092 and £0.0092. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Clontarf Energy Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Clontarf Energy Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (CLON.L) For The Upcoming Trading Day Of Wednesday 2nd
Is Clontarf Energy Plc stock A Buy?
Clontarf Energy Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Clontarf Energy Plc of Wednesday, September 2, 2020
| Fair opening price September 2, 2020 | Current price |
|---|---|
| £0.0045 ( 0%) | £0.0045 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLON.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0045 | . | |
| R2 | 0.0045 | . | ||
| R1 | 0.0045 | . | ||
| Current price: | 0.0045 | |||
| Support | S1 | 0.0045 | . | |
| S2 | 0.0045 | . | ||
| S3 | 0.0045 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0045 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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