N4 Pharma Plc Stock Forecast
Green day on Wednesday for N4 Pharma Plc stock after gaining 2.66%
(Updated on Apr 17, 2024)
The N4 Pharma Plc stock price gained 2.66% on the last trading day (Wednesday, 17th Apr 2024), rising from £0.80 to £0.83. During the last trading day the stock fluctuated 6.25% from a day low at £0.80 to a day high of £0.85. The price has fallen in 5 of the last 10 days but is still up by 13.79% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 264 thousand shares were bought and sold for approximately £217.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling 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 £0.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.47% during the next 3 months and, with a 90% probability hold a price between £0.516 and £0.706 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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N4P.L Signals & Forecast
The N4 Pharma 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 £0.769 and £0.735. 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 -2.94%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for N4 Pharma Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.775 and £0.725. 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, N4 Pharma Plc finds support just below today's level at £0.775. If this is broken, then the next support from accumulated volume will be at £0.725 and £0.700.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.0500 between high and low, or 6.25%. For the last week the stock has had daily average volatility of 10.48%.
Our recommended stop-loss: £0.790 (-4.22%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (N4P.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect N4 Pharma Plc to open at £0.83, and during the day (based on 14 day Average True Range), to move between £0.748 and £0.90, which gives a possible trading interval of +/-£0.0767 (+/-9.30%) up or down from last closing price. If N4 Pharma Plc takes out the full calculated possible swing range there will be an estimated 18.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.85 (3.03%) than the support at £0.775 (6.06%), 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 N4 Pharma Plc stock A Buy?
N4 Pharma 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: 0.192 Hold/Accumulate Unchanged
Predicted Opening Price for N4 Pharma Plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £0.83 ( 0.00000000%) | £0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for N4P.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | 6.06 % | |
| R2 | 0.86 | 3.75 % | ||
| R1 | 0.84 | 2.32 % | ||
| Current price: | 0.83 | |||
| Support | S1 | 0.81 | -2.32 % | |
| S2 | 0.794 | -3.75 % | ||
| S3 | 0.775 | -6.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.97 | 17.58 % | |
| R2 | 0.93 | 12.12 % | ||
| R1 | 0.85 | 3.03 % | ||
| Current price | 0.83 | |||
| Support | S1 | 0.775 | -6.06% | |
| S2 | 0.725 | -12.12% | ||
| S3 | 0.700 | -15.15% |
N4P Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 1997 | May 19, 1997 | Jul 01, 1997 | £18.00 | 2.90% |
| 2 | Aug 15, 1996 | Nov 04, 1996 | Dec 02, 1996 | £17.20 | 1.44% |
| 3 | Mar 07, 1996 | Jun 03, 1996 | Jul 01, 1996 | £18.00 | 0.698% |
| 4 | Aug 14, 1995 | Nov 06, 1995 | Dec 01, 1995 | £16.00 | 0.762% |
| 5 | Mar 07, 1995 | May 22, 1995 | Jul 01, 1995 | £16.00 | 1.08% |
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