Woodford Patient Capital Trust Plc Stock Forecast

Woodford Patient Capital Trust Plc stock price ended at £0.336 on Monday, after losing 0%.
(Updated on Jan 06, 2020)

WPCT.L Signals & Forecast

The Woodford Patient Capital Trust 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 £0.336 and £0.315. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, December 13, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Woodford Patient Capital Trust Plc stock

Woodford Patient Capital Trust Plc finds support from accumulated volume at £0.327 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the 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: £0.316 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (WPCT.L) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Woodford Patient Capital Trust Plc to open at £0.336, and during the day (based on 14 day Average True Range), to move between £0.328 and £0.344, which gives a possible trading interval of +/-£0.0076 (+/-2.26%) up or down from last closing price. If Woodford Patient Capital Trust Plc takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.344 (2.38%) than the support at £0.327 (2.83%), 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 Woodford Patient Capital Trust Plc stock A Buy?

Woodford Patient Capital Trust Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.131 Hold/Accumulate Unchanged

Predicted Opening Price for Woodford Patient Capital Trust Plc of Tuesday, January 7, 2020

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