Eco Animal Health Group Plc Stock Forecast
Eco Animal Health Group Plc stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Eco Animal Health Group Plc stock price fell by -1.06% on the last day (Thursday, 18th Apr 2024) from £94.00 to £93.00. During the last trading day the stock fluctuated 2.15% from a day low at £93.00 to a day high of £95.00. The price has risen in 4 of the last 10 days and is up by 9.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -25 thousand shares and in total, 13 thousand shares were bought and sold for approximately £1.23 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.19% during the next 3 months and, with a 90% probability hold a price between £61.97 and £77.58 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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EAH.L Signals & Forecast
The Eco Animal Health Group 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 £95.00. On a fall, the stock will find some support from the long-term average at approximately £89.84. 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. 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 Tuesday, April 16, 2024, and so far it has fallen -5.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Eco Animal Health Group Plc stock
Eco Animal Health Group Plc finds support from accumulated volume at £92.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £2.00 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EAH.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Eco Animal Health Group Plc to open at £93.67, and during the day (based on 14 day Average True Range), to move between £89.67 and £96.33, which gives a possible trading interval of +/-£3.33 (+/-3.58%) up or down from last closing price. If Eco Animal Health Group Plc takes out the full calculated possible swing range there will be an estimated 7.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £92.50 (0.54%) than the resistance at £108.00 (16.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eco Animal Health Group Plc stock A Buy?
Eco Animal Health Group Plc holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -1.026 Sell Candidate Downgraded
Predicted Opening Price for Eco Animal Health Group Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £93.67 ( 0.717%) | £93.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EAH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.67 | 2.87 % | |
| R2 | 94.90 | 2.05 % | ||
| R1 | 94.43 | 1.54 % | ||
| Current price: | 93.00 | |||
| Support | S1 | 92.90 | -0.105 % | |
| S2 | 92.43 | -0.612 % | ||
| S3 | 91.67 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 110.00 | 18.28 % | |
| R2 | 108.50 | 16.67 % | ||
| R1 | 108.00 | 16.13 % | ||
| Current price | 93.00 | |||
| Support | S1 | 92.50 | -0.538% | |
| S2 | 88.00 | -5.38% | ||
| S3 | 85.00 | -8.60% |
EAH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 26, 2021 | Sep 23, 2021 | Oct 22, 2021 | £1.00 | 0.351% |
| 2 | Jun 19, 2019 | Sep 26, 2019 | Oct 16, 2019 | £11.04 | 3.23% |
| 3 | Dec 10, 2018 | Feb 28, 2019 | Apr 12, 2019 | £4.00 | 0.96% |
| 4 | Dec 10, 2018 | Dec 20, 2018 | Jan 09, 2019 | £3.50 | 0.86% |
| 5 | Jul 02, 2018 | Sep 27, 2018 | Oct 17, 2018 | £6.00 | 1.50% |
FAQ
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