N4 Pharma Plc Stock Forecast

High volatility in N4 Pharma Plc stock price on Thursday which ended trading at £0.83
(Updated on Apr 25, 2024)

N4P.L Signals & Forecast

The N4 Pharma 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 £0.85. On a fall, the stock will find some support from the long-term average at approximately £0.757. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 -10.33%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for N4 Pharma Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.775 and £0.725. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, N4 Pharma Plc finds support just below today's level at £0.775. If this is broken, then the next support from accumulated volume will be at £0.725 and £0.700.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.1000 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 13.00%.

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

Trading Expectations (N4P.L) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect N4 Pharma Plc to open at £0.84, and during the day (based on 14 day Average True Range), to move between £0.738 and £0.91, which gives a possible trading interval of +/-£0.0870 (+/-10.54%) up or down from last closing price. If N4 Pharma Plc takes out the full calculated possible swing range there will be an estimated 21.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.85 (3.03%) than the support at £0.775 (6.06%), 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 N4 Pharma Plc stock A Buy?

N4 Pharma Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.137 Sell Candidate Unchanged

Predicted Opening Price for N4 Pharma Plc of Friday, April 26, 2024

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