Frontier IP Group Plc Stock Forecast
Red day on Monday for Frontier IP Group Plc
(Updated on Apr 22, 2024)
The Frontier IP Group Plc stock price fell by -3.45% on the last day (Monday, 22nd Apr 2024) from £43.50 to £42.00. During the last trading day the stock fluctuated 4.76% from a day low at £42.00 to a day high of £44.00. The price has been going up and down for this period, and there has been a 1.23% gain for the last 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 -5 thousand shares and in total, 21 thousand shares were bought and sold for approximately £883.22 thousand.
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 -7.53% during the next 3 months and, with a 90% probability hold a price between £34.69 and £43.88 at the end of this 3-month period.
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FIPP.L Signals & Forecast
The Frontier IP 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 £43.16. On a fall, the stock will find some support from the long-term average at approximately £41.52. 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. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 9.95%. Further rise is indicated until a new top pivot has been found. 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. 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 Frontier IP Group Plc stock
Frontier IP Group Plc finds support from accumulated volume at £40.60 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 4.76%. For the last week the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: £40.34 (-3.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (FIPP.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Frontier IP Group Plc to open at £42.67, and during the day (based on 14 day Average True Range), to move between £40.06 and £43.94, which gives a possible trading interval of +/-£1.94 (+/-4.63%) up or down from last closing price. If Frontier IP Group Plc takes out the full calculated possible swing range there will be an estimated 9.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £42.40 (0.95%) than the support at £40.60 (3.33%), 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 Frontier IP Group Plc stock A Buy?
Frontier IP Group 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.
Current score: 0.169 Hold/Accumulate Unchanged
Predicted Opening Price for Frontier IP Group Plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £42.67 ( 1.59%) | £42.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIPP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.67 | 6.35 % | |
| R2 | 43.90 | 4.53 % | ||
| R1 | 43.43 | 3.41 % | ||
| Current price: | 42.00 | |||
| Support | S1 | 41.90 | -0.232 % | |
| S2 | 41.43 | -1.36 % | ||
| S3 | 40.67 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.00 | 21.43 % | |
| R2 | 45.50 | 8.33 % | ||
| R1 | 42.40 | 0.95 % | ||
| Current price | 42.00 | |||
| Support | S1 | 40.60 | -3.33% | |
| S2 | 40.50 | -3.57% | ||
| S3 | 40.00 | -4.76% |
FAQ
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