RSI low/high Values: [ 20 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FRES.L
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Fresnillo PLC stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Fresnillo PLC stock price gained 2.51% on the last trading day (Wednesday, 27th Mar 2024), rising from £445.80 to £457.00. During the last trading day the stock fluctuated 3.87% from a day low at £440.00 to a day high of £457.05. The price has been going up and down for this period, and there has been a -1.02% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately £1.31 billion.

The stock lies in the middle of a 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 -17.18% during the next 3 months and, with a 90% probability hold a price between £357.90 and £408.78 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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FRES.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 3.79%. Further rise is indicated until a new top pivot has been found. 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. The Fresnillo PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £467.58. On a fall, the stock will find some support from the short-term average at £448.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Fresnillo PLC stock

Fresnillo PLC finds support from accumulated volume at £455.40 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 £17.05 between high and low, or 3.87%. For the last week, the stock has had daily average volatility of 3.25%.

Our recommended stop-loss: £433.68 (-5.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (FRES.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Fresnillo PLC to open at £451.35, and during the day (based on 14 day Average True Range), to move between £440.99 and £473.01, which gives a possible trading interval of +/-£16.01 (+/-3.50%) up or down from last closing price. If Fresnillo PLC takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £455.40 (0.35%) than the resistance at £463.60 (1.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fresnillo PLC stock A Buy?

Fresnillo 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: -0.558 Hold/Accumulate Upgraded

Predicted Opening Price for Fresnillo PLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£451.35 ( 1.24%) £457.00

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

Trading levels for FRES.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 468.39 2.49 %
R2 461.88 1.07 %
R1 457.86 0.188 %
Current price: 457.00
Support S1 444.84 -2.66 %
S2 440.81 -3.54 %
S3 434.30 -4.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 480.90 5.23 %
R2 477.00 4.38 %
R1 463.60 1.44 %
Current price 457.00
Support S1 455.40 -0.350%
S2 450.00 -1.53%
S3 441.40 -3.41%

FRES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 18, 2024 Apr 18, 2024 May 29, 2024 £3.30 0.722%
2 Mar 07, 2023 Apr 27, 2023 May 26, 2023 £10.68 1.63%
3 Aug 02, 2022 Aug 11, 2022 Sep 14, 2022 £2.81 0.383%
4 Mar 08, 2022 Apr 28, 2022 May 27, 2022 £19.18 2.39%
5 Aug 03, 2021 Aug 12, 2021 Sep 15, 2021 £7.14 0.84%

FAQ

What is the symbol for Fresnillo PLC Stock and on which exchange is it traded?
The symbol for Fresnillo PLC is FRES.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Fresnillo PLC Stock?
Fresnillo 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.

How to buy Fresnillo PLC Stock?
Fresnillo PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fresnillo PLC Stock.

What's the current price of Fresnillo PLC Stock?
As of the end of day on the 2024-03-27, the price of an Fresnillo PLC (FRES.L) share was £457.00.

What is the 52-week high and low for Fresnillo PLC Stock?
The 52-week high for Fresnillo PLC Stock is £816.00 and the 52-week low is £435.20.

What is the market capitalization of Fresnillo PLC Stock?
As of the 2024-03-27, the market capitalization of Fresnillo PLC is 3.368B.

When is the next earnings date for Fresnillo PLC?
The upcoming earnings date for Fresnillo PLC is Jul 30, 2024.
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About Fresnillo PLC

Fresnillo PLC Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Other. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Duran... FRES.L Profile

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