Epwin Group Plc Stock Forecast

Red day on Wednesday for Epwin Group Plc stock after losing 0.217%
(Updated on May 08, 2024)

EPWN.L Signals & Forecast

The Epwin Group 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 £91.64 and £83.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.546%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Epwin Group Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £86.00 and £77.00. 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, Epwin Group Plc finds support just below today's level at £86.00. If this is broken, then the next support from accumulated volume will be at £77.00 and £76.00.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the 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 1.85%

Our recommended stop-loss: £87.11 (-5.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (EPWN.L) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Epwin Group Plc to open at £92.00, and during the day (based on 14 day Average True Range), to move between £89.65 and £94.35, which gives a possible trading interval of +/-£2.35 (+/-2.55%) up or down from last closing price. If Epwin Group Plc takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £92.20 (0.22%) than the support at £86.00 (6.52%), 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 Epwin Group 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 Epwin Group Plc stock to perform well in the short-term.

Current score: 4.790 Buy Candidate Unchanged

Predicted Opening Price for Epwin Group Plc of Thursday, May 9, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.