Antofagasta plc Stock Forecast
Red day on Thursday for Antofagasta plc
(Updated on Apr 18, 2024)
The Antofagasta plc stock price fell by -0.220% on the last day (Thursday, 18th Apr 2024) from £2,269.00 to £2,264.00. During the last trading day the stock fluctuated 1.69% from a day low at £2,249.00 to a day high of £2,287.00. The price has been going up and down for this period, and there has been a 3% gain for the last 2 weeks. Volume has increased on the last day by 861 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £4.13 billion.
The stock lies in the upper part of a 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 £2,306.13 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 38.70% during the next 3 months and, with a 90% probability hold a price between £2,818.41 and £3,198.52 at the end of this 3-month period.
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ANTO.L Signals & Forecast
The Antofagasta 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 £2,249.00 and £2,005.79. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 15, 2024, and so far it has fallen -0.484%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Antofagasta plc stock
Antofagasta plc finds support from accumulated volume at £2,198.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £38.00 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 2.93%.
Our recommended stop-loss: £2,204.13 (-2.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ANTO.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Antofagasta plc to open at £2,266.67, and during the day (based on 14 day Average True Range), to move between £2,198.06 and £2,329.94, which gives a possible trading interval of +/-£65.94 (+/-2.91%) up or down from last closing price. If Antofagasta plc takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2,266.00 (0.09%) than the support at £2,198.00 (2.92%), 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 Antofagasta 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 Antofagasta plc stock to perform well in the short-term.
Current score: 2.079 Buy Candidate Unchanged
Predicted Opening Price for Antofagasta plc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
£2,266.67 ( 0.118%) | £2,264.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANTO.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,304.67 | 1.80 % | |
R2 | 2,290.15 | 1.16 % | ||
R1 | 2,281.18 | 0.759 % | ||
Current price: | 2,264.00 | |||
Support | S1 | 2,252.15 | -0.523 % | |
S2 | 2,243.18 | -0.92 % | ||
S3 | 2,228.67 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,275.00 | 0.486 % | |
R2 | 2,269.00 | 0.221 % | ||
R1 | 2,266.00 | 0.0883 % | ||
Current price | 2,264.00 | |||
Support | S1 | 2,198.00 | -2.92% | |
S2 | 2,007.00 | -11.35% | ||
S3 | 1,817.50 | -19.72% |
ANTO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 10, 2024 | £19.16 | 0.85% |
2 | Feb 21, 2023 | Apr 20, 2023 | May 12, 2023 | £40.42 | 2.89% |
3 | Aug 11, 2022 | Sep 01, 2022 | Sep 30, 2022 | £7.95 | 0.712% |
4 | Feb 22, 2022 | Apr 21, 2022 | May 13, 2022 | £94.81 | 7.03% |
5 | Aug 19, 2021 | Sep 02, 2021 | Oct 01, 2021 | £17.05 | 1.26% |
FAQ
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