Ferrexpo Plc Stock Forecast
Green day on Thursday for Ferrexpo Plc
(Updated on Apr 25, 2024)
The Ferrexpo Plc stock price gained 1.76% on the last trading day (Thursday, 25th Apr 2024), rising from £51.00 to £51.90. During the last trading day the stock fluctuated 4.37% from a day low at £50.40 to a day high of £52.60. The price has risen in 8 of the last 10 days and is up by 15.72% over the past 2 weeks. Volume fell on the last day by -541 thousand shares and in total, 1 million shares were bought and sold for approximately £53.01 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -50.96% during the next 3 months and, with a 90% probability hold a price between £10.90 and £25.45 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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FXPO.L Signals & Forecast
Mostly positive signals in the chart today. The Ferrexpo Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £49.06 and £49.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 20.42%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Ferrexpo Plc stock
Ferrexpo Plc finds support from accumulated volume at £51.40 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 £2.20 between high and low, or 4.37%. For the last week, the stock has had daily average volatility of 6.03%.
Our recommended stop-loss: £50.10 (-3.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (FXPO.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ferrexpo Plc to open at £51.63, and during the day (based on 14 day Average True Range), to move between £48.89 and £54.91, which gives a possible trading interval of +/-£3.01 (+/-5.80%) up or down from last closing price. If Ferrexpo Plc takes out the full calculated possible swing range there will be an estimated 11.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £52.20 (0.58%) than the support at £51.40 (0.96%), 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 Ferrexpo Plc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.257 Buy Candidate Unchanged
Predicted Opening Price for Ferrexpo Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £51.63 ( 0.514%) | £51.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXPO.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.83 | 3.73 % | |
| R2 | 52.99 | 2.11 % | ||
| R1 | 52.47 | 1.11 % | ||
| Current price: | 51.90 | |||
| Support | S1 | 50.79 | -2.13 % | |
| S2 | 50.27 | -3.13 % | ||
| S3 | 49.43 | -4.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.00 | 5.97 % | |
| R2 | 52.75 | 1.64 % | ||
| R1 | 52.20 | 0.578 % | ||
| Current price | 51.90 | |||
| Support | S1 | 51.40 | -0.96% | |
| S2 | 46.60 | -10.21% | ||
| S3 | 43.10 | -16.96% |
FXPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Jan 25, 2024 | Feb 23, 2024 | £2.60 | 3.51% |
| 2 | May 10, 2022 | Jun 16, 2022 | Jul 04, 2022 | £6.60 | 5.15% |
| 3 | May 31, 2022 | Jun 09, 2022 | Jun 28, 2022 | £13.20 | 9.27% |
| 4 | Dec 22, 2021 | Jan 06, 2022 | Jan 28, 2022 | £6.60 | 2.69% |
| 5 | Aug 04, 2021 | Aug 12, 2021 | Aug 26, 2021 | £39.60 | 10.59% |
FAQ
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