EKF Diagnostics Holdings plc Stock Forecast
EKF Diagnostics Holdings plc stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Apr 22, 2024)
The EKF Diagnostics Holdings plc stock price gained 0.365% on the last trading day (Monday, 22nd Apr 2024), rising from £27.40 to £27.50. During the last trading day the stock fluctuated 5.04% from a day low at £27.00 to a day high of £28.36. The price has risen in 6 of the last 10 days but is still down by -0.36% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 273 thousand shares were bought and sold for approximately £7.52 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 -10.51% during the next 3 months and, with a 90% probability hold a price between £20.09 and £25.90 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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EKF.L Signals & Forecast
The EKF Diagnostics Holdings 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 £27.71. On a fall, the stock will find some support from the long-term average at approximately £27.19. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, April 04, 2024, and so far it has fallen -7.09%. 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).
Support, Risk & Stop-loss for EKF Diagnostics Holdings plc stock
EKF Diagnostics Holdings plc finds support from accumulated volume at £26.50 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £1.36 between high and low, or 5.04%. For the last week, the stock has had daily average volatility of 5.26%.
Our recommended stop-loss: £26.08 (-5.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (EKF.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect EKF Diagnostics Holdings plc to open at £27.62, and during the day (based on 14 day Average True Range), to move between £25.96 and £29.04, which gives a possible trading interval of +/-£1.54 (+/-5.59%) up or down from last closing price. If EKF Diagnostics Holdings plc takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £27.80 (1.09%) than the support at £26.50 (3.64%), 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 EKF Diagnostics Holdings plc stock A Buy?
EKF Diagnostics Holdings 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.070 Hold/Accumulate Upgraded
Predicted Opening Price for EKF Diagnostics Holdings plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £27.62 ( 0.436%) | £27.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKF.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.98 | 5.38 % | |
| R2 | 28.46 | 3.49 % | ||
| R1 | 28.14 | 2.33 % | ||
| Current price: | 27.50 | |||
| Support | S1 | 27.10 | -1.45 % | |
| S2 | 26.78 | -2.62 % | ||
| S3 | 26.26 | -4.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.60 | 7.64 % | |
| R2 | 29.35 | 6.73 % | ||
| R1 | 27.80 | 1.09 % | ||
| Current price | 27.50 | |||
| Support | S1 | 26.50 | -3.64% | |
| S2 | 25.80 | -6.18% | ||
| S3 | 23.60 | -14.18% |
EKF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2022 | Nov 02, 2022 | Dec 01, 2022 | £1.20 | 2.78% |
| 2 | Mar 30, 2021 | Nov 03, 2021 | Dec 01, 2021 | £1.10 | 1.47% |
| 3 | Apr 07, 2020 | Nov 04, 2020 | Dec 01, 2020 | £1.00 | 1.53% |
FAQ
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