Malvern International Plc Stock Forecast
On Tuesday, Malvern International Plc stock price gained an impressive 14.29%
(Updated on Sep 01, 2020)
The Malvern International Plc stock price gained 14.29% on the last trading day (Tuesday, 1st Sep 2020), rising from £0.0014 to £0.0016. During the last trading day the stock fluctuated 0% from a day low at £0.0016 to a day high of £0.0016. The price has fallen in 5 of the last 10 days and is down by -62.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately £28.74 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.82% during the next 3 months and, with a 90% probability hold a price between £0.0015 and £0.0018 at the end of this 3-month period.
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MLVN.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Malvern International Plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Malvern International Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £0.0039 and £0.0039. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Malvern International Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.0015 and £0.0014. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.0014 may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this 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 0%.
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (MLVN.L) For The Upcoming Trading Day Of Wednesday 2nd
Since the stock is closer to the resistance from accumulated volume at £0.0017 (6.25%) than the support at £0.0015 (6.25%), 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 Malvern International Plc stock A Buy?
Malvern International Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Malvern International Plc of Wednesday, September 2, 2020
| Fair opening price September 2, 2020 | Current price |
|---|---|
| £0.0016 ( 0%) | £0.0016 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLVN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0016 | . | |
| R2 | 0.0016 | . | ||
| R1 | 0.0016 | . | ||
| Current price: | 0.0016 | |||
| Support | S1 | 0.0016 | . | |
| S2 | 0.0016 | . | ||
| S3 | 0.0016 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0017 | 6.25 % | ||
| Current price | 0.0016 | |||
| Support | S1 | 0.0015 | -6.25% | |
| S2 | 0.0014 | -12.50% | ||
| S3 | 0 | . |
FAQ
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