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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SAE.L
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SIMEC Atlantis Energy Ltd. stock price down 0% on Friday
(Updated on Mar 15, 2024)

Sell candidate since Mar 11, 2024 Loss -2.44% PDF

No changes to the price of SIMEC Atlantis Energy Ltd. stock on the last trading day (Friday, 15th Mar 2024). During the last trading day the stock fluctuated 8.28% from a day low at £0.755 to a day high of £0.82. The price has risen in 4 of the last 10 days but is still down by -8.57% for this period.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -41.26% during the next 3 months and, with a 90% probability hold a price between £0.436 and £0.589 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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SAE.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The SIMEC Atlantis Energy Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £0.83 and £1.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SIMEC Atlantis Energy Ltd. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £0.0625 between high and low, or 8.28%. For the last week, the stock has had daily average volatility of 12.16%.

SIMEC Atlantis Energy Ltd. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (SAE.L) For The Upcoming Trading Day Of Monday 18th

For the upcoming trading day on Monday, 18th we expect SIMEC Atlantis Energy Ltd. to open at £0.791, and during the day (based on 14 day Average True Range), to move between £0.675 and £0.92, which gives a possible trading interval of +/-£0.125 (+/-15.57%) up or down from last closing price. If SIMEC Atlantis Energy Ltd. takes out the full calculated possible swing range there will be an estimated 31.13% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £0.85, some £0.0500 (6.25%) from the current price of £0.80, our system finds the risk reward not very attractive.

Is SIMEC Atlantis Energy Ltd. stock A Buy?

SIMEC Atlantis Energy Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.518 Sell Candidate Unchanged

Predicted Opening Price for SIMEC Atlantis Energy Ltd. of Monday, March 18, 2024

Fair opening price March 18, 2024 Current price
£0.791 ( 1.15%) £0.80

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

Trading levels for SAE.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.85 6.67 %
R2 0.83 3.68 %
R1 0.81 1.84 %
Current price: 0.80
Support S1 0.767 -4.13 %
S2 0.752 -5.97 %
S3 0.728 -8.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.90 12.50 %
R2 0.88 9.38 %
R1 0.85 6.25 %
Current price 0.80
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for SIMEC Atlantis Energy Ltd. Stock and on which exchange is it traded?
The symbol for SIMEC Atlantis Energy Ltd. is SAE.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell SIMEC Atlantis Energy Ltd. Stock?
SIMEC Atlantis Energy Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy SIMEC Atlantis Energy Ltd. Stock?
SIMEC Atlantis Energy Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SIMEC Atlantis Energy Ltd. Stock.

What's the current price of SIMEC Atlantis Energy Ltd. Stock?
As of the end of day on the 2024-03-15, the price of an SIMEC Atlantis Energy Ltd. (SAE.L) share was £0.80.

What is the 52-week high and low for SIMEC Atlantis Energy Ltd. Stock?
The 52-week high for SIMEC Atlantis Energy Ltd. Stock is £1.80 and the 52-week low is £0.700.

What is the market capitalization of SIMEC Atlantis Energy Ltd. Stock?
As of the 2024-03-15, the market capitalization of SIMEC Atlantis Energy Ltd. is 5.782M.

When is the next earnings date for SIMEC Atlantis Energy Ltd.?
The upcoming earnings date for SIMEC Atlantis Energy Ltd. is Jun 25, 2024.
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About SIMEC Atlantis Energy Ltd.

SIMEC Atlantis Energy Ltd. SIMEC Atlantis Energy Limited engages in the design, construction, installation, testing, operation, and maintenance of power projects in the United Kingdom and Japan. The company operates through three segments: Power Generation, Turbine and Engineering Service, and Project Development. It is involved in the tidal power generation; designs, supply, and maintenance of tidal turbines and subsea connection equipment; hydro development; and provisio... SAE.L Profile

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