RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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PowerHouse Energy Group Plc stock price down 1.79% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 152.87% PDF

The PowerHouse Energy Group Plc stock price fell by -1.79% on the last day (Wednesday, 27th Mar 2024) from £1.12 to £1.10. During the last trading day the stock fluctuated 7.66% from a day low at £1.07 to a day high of £1.15. The price has risen in 7 of the last 10 days and is up by 33.33% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 million shares and in total, 12 million shares were bought and sold for approximately £13.01 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £1.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 228.93% during the next 3 months and, with a 90% probability hold a price between £2.14 and £3.90 at the end of this 3-month period.

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PHE.L Signals & Forecast

The PowerHouse Energy Group 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 £1.11. On a fall, the stock will find some support from the long-term average at approximately £0.731. 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. 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, 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.0820 between high and low, or 7.66%. For the last week, the stock has had daily average volatility of 10.86%.

Our recommended stop-loss: £1.04 (-5.50%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect PowerHouse Energy Group Plc to open at £1.11, and during the day (based on 14 day Average True Range), to move between £0.97 and £1.23, which gives a possible trading interval of +/-£0.133 (+/-12.10%) 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 24.21% 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PowerHouse Energy Group Plc stock to perform well in the short-term.

Current score: 2.676 Buy Candidate Unchanged

Predicted Opening Price for PowerHouse Energy Group Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1.11 ( 0.667%) £1.10

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

Trading levels for PHE.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.19 8.12 %
R2 1.16 5.27 %
R1 1.14 3.51 %
Current price: 1.10
Support S1 1.08 -2.18 %
S2 1.06 -3.94 %
S3 1.03 -6.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.16 5.45 %
R2 1.12 1.82 %
R1 1.11 0.91 %
Current price 1.10
Support S1 0.95 -13.64%
S2 0.88 -20.00%
S3 0.85 -22.73%

FAQ

What is the symbol for PowerHouse Energy Group Plc Stock and on which exchange is it traded?
The symbol for PowerHouse Energy Group Plc is PHE.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell PowerHouse Energy Group Plc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PowerHouse Energy Group Plc stock to perform well in the short-term.

How to buy PowerHouse Energy Group Plc Stock?
PowerHouse Energy Group 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 PowerHouse Energy Group Plc Stock.

What's the current price of PowerHouse Energy Group Plc Stock?
As of the end of day on the 2024-03-27, the price of an PowerHouse Energy Group Plc (PHE.L) share was £1.10.

What is the 52-week high and low for PowerHouse Energy Group Plc Stock?
The 52-week high for PowerHouse Energy Group Plc Stock is £1.35 and the 52-week low is £0.230.

What is the market capitalization of PowerHouse Energy Group Plc Stock?
As of the 2024-03-27, the market capitalization of PowerHouse Energy Group Plc is 49.2M.

When is the next earnings date for PowerHouse Energy Group Plc?
The upcoming earnings date for PowerHouse Energy Group Plc is Jun 28, 2024.
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About PowerHouse Energy Group Plc

PowerHouse Energy Group Plc PowerHouse Energy Group Plc designs, integrates, delivers, and licenses plastic regeneration processes to generate hydrogen and electrical energy systems in the United Kingdom and internationally. It offers Distributed Modular Generation (DMG), a proprietary advanced thermal conversion technology that converts calorific waste streams into synthetic gas. The company also provides testing, laboratory, and customer field trial service. Powerhouse En... PHE.L Profile

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