Fair Oaks Income Limited 2017USD Stock Forecast

Fair Oaks Income Limited 2017USD stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)

FAIR.L Signals & Forecast

The Fair Oaks Income Limited 2017USD 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 £0.571. On a fall, the stock will find some support from the long-term average at approximately £0.561. 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. 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 Monday, April 22, 2024, and so far it has fallen -1.72%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Fair Oaks Income Limited 2017USD stock

Fair Oaks Income Limited 2017USD finds support from accumulated volume at £0.568 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 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 £0.0038 between high and low, or 0.658%. For the last week the stock has had daily average volatility of 2.82%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FAIR.L) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Fair Oaks Income Limited 2017USD to open at £0.571, and during the day (based on 14 day Average True Range), to move between £0.554 and £0.586, which gives a possible trading interval of +/-£0.0156 (+/-2.74%) up or down from last closing price. If Fair Oaks Income Limited 2017USD takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.568 (0.44%) than the resistance at £0.573 (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fair Oaks Income Limited 2017USD stock A Buy?

Fair Oaks Income Limited 2017USD holds several negative signals and is within a falling trend, so we believe 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 Buy to a Sell candidate.

Current score: -1.713 Sell Candidate Downgraded

Predicted Opening Price for Fair Oaks Income Limited 2017USD of Wednesday, May 1, 2024

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