PowerHouse Energy Group Plc Stock Forecast

High volatility in PowerHouse Energy Group Plc stock price on Thursday which ended trading at £1.10
(Updated on Apr 18, 2024)

PHE.L Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -5.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The PowerHouse Energy Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.96 and £0.96. A breakdown below any of these levels will issue sell signals. 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 PowerHouse Energy Group Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.95 and £0.88. 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, PowerHouse Energy Group Plc finds support just below today's level at £0.95. If this is broken, then the next support from accumulated volume will be at £0.88 and £0.85.

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 £0.150 between high and low, or 15.79%. For the last week, the stock has had daily average volatility of 15.75%.

Our recommended stop-loss: £1.06 (-3.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (PHE.L) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect PowerHouse Energy Group Plc to open at £1.05, and during the day (based on 14 day Average True Range), to move between £0.98 and £1.22, which gives a possible trading interval of +/-£0.119 (+/-10.82%) up or down from last closing price. If PowerHouse Energy Group Plc takes out the full calculated possible swing range there will be an estimated 21.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1.11 (0.91%) than the support at £0.95 (13.64%), 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 PowerHouse Energy Group Plc stock A Buy?

PowerHouse Energy Group Plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.283 Strong Buy Candidate Upgraded

Predicted Opening Price for PowerHouse Energy Group Plc of Friday, April 19, 2024

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