UK AIM stock - FDEV - possible bullish countYou never know. For me, EW is not about certainties as there are no certainties in the markets (except perhaps the downward direction of the Pound!) but is this a possibility going forward? Might be.
Next report date
Report period
H2 2023
EPS estimate
—
Revenue estimate
—
−1.5GBP
−20.91 MGBP
104.58 MGBP
21.48 M
About FRONTIER DEVELOPMENTS PLC
Sector
Industry
CEO
Jonathan Francis Watts
Website
Headquarters
Cambridge
Employees (FY)
915
Founded
1994
ISIN
GB00BBT32N39
FIGI
BBG00MNDB9J5
Frontier Developments Plc engages in the development of video games. Its games portfolio includes Warhammer Age of Sigmar: Realms of Ruin, Jurassic World Evolution, Warhammer 40,000, Chaos Gate – Daemonhunters Planet Zoo, Planet Coaster, and Elite Dangerous. The company was founded by David John Braben on January 28, 1994 and is headquartered in Cambridge, the United Kingdom.
1400-1500 target Bullish - above 50ma weekly & all MA'sVery bullish pattern here
re-tested trend line & RSI support level
30-40% profit here if we hold 50ma weekly.
Price above all MA's on daily chart
Inverse H&S Great setup.
Gap fill.
Classic hard selling & buying into the LHS declining ever since.
Directors been buying shares & record profits if you are into fundamentals.
Falling wedge, signs of exhausted selling. Price has held £7.30 area for around 6 weeks during the very intense selling from world equities. This area represented a gap to be filled dating back to 2017.
There is a further gap lower for those hoping for an even better entry. It's possible the price could hit this area but increasingly unlike
Inverse H&S backtesting onto 200DMA - 30% rise possibleThis now looks great. Price is robustly backtesting the 200DMA which it's broken as part of an inverse H&S set-up. The measured move would take us to new highs around 2000. This would be your entry price - invalidated with daily close below 200DMA
FDEV Trend Lines Trend Lines indicate that Fdev has reached a turning point in it's share price today.
New upper resistance levels looking to form around £18.50.
This is assuming no price sensitive news is released in the meanwhile.
Old resistance levels in dark red at £10.50 and £14.00.
Dark Blue is long term
Growth rate comparison FDEV, PDX, TTWOJust a basic comparison of growth rates between gaming developers Frontier Developments (green and red line), Paradox Interactive (light orange), and Take Two (darker orange). Frontier has by far out performed both other companies since 2013 in terms of growth. Interesting to notice the similarities
A possible new surport level at 1780!As always my opinions are my own and should not be considered as trading advice
What with all the positive news etc surrounding this gaming company it's not surprising to see that recent break out from that wedge formation. The latest short term pattern/trend suggests that the SP wants to (or be
Triangular Consolidation nearing completionThis triangle will break one way or another very soon. A break lower should provide a great opportunity to buy or add close to the 50DMA or lower green channel bottom. A break higher I think should be th next major impulse move higher and well worth riding up.
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Frequently Asked Questions
Depending on the exchange, the stock ticker may vary. For instance, on TURQUOISE exchange FRONTIER DEVELOPMENTS PLC stocks are traded under the ticker FDEVL.
FRONTIER DEVELOPMENTS PLC is going to release the next earnings report on Sep 4, 2024. Keep track of upcoming events with our Earnings Calendar.
FRONTIER DEVELOPMENTS PLC revenue for the last quarter amounts to 36.90 M GBX despite the estimated figure of 37.00 M GBX. In the next quarter revenue is expected to reach 55.10 M GBX.
Yes, you can track FRONTIER DEVELOPMENTS PLC financials in yearly and quarterly reports right on TradingView.
FDEVL net income for the last quarter is −33.10 M GBP, while the quarter before that showed −27.62 M GBP of net income which accounts for −19.82% change. Track more FRONTIER DEVELOPMENTS PLC financial stats to get the full picture.
No, FDEVL doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, FDEVL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade FRONTIER DEVELOPMENTS PLC stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 30, 2024, the company has 915.00 employees. See our rating of the largest employees — is FRONTIER DEVELOPMENTS PLC on this list?
We've gathered analysts' opinions on FRONTIER DEVELOPMENTS PLC future price: according to them, FDEVL price has a max estimate of 190.00 GBX and a min estimate of 140.00 GBX. Read a more detailed FRONTIER DEVELOPMENTS PLC forecast: see what analysts think of FRONTIER DEVELOPMENTS PLC and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. FRONTIER DEVELOPMENTS PLC EBITDA is 7.00 M GBP, and current EBITDA margin is 30.36%. See more stats in FRONTIER DEVELOPMENTS PLC financial statements.