London Stock Exchange

Tickers analyzed: 2 146 | Updated: 2019-07-19 | Next Update: 2019-07-22

495 Buy Candidates
737 Hold Candidates
914 Sell Candidates

Today's Case: Public Joint Stock Company Mining & Metallurgical Company Norilsk Nickel Sponsored ADR (MNOD)

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will MNOD.L stock price go up or down on Tue, 23 Jul 2019?

Predict

MNOD.L Forecast and Technical Stock Analysis

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Buy candidate since 2019-07-18 Gain 1.28%

Public Joint Stock Company Mining & Metallurgical Company Norilsk Nickel Sponsored ADR gained 1.28% in the last trading day ( Friday, 19th Jul 2019 ), rising from $23.39 to $23.69 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.67% from a day low at $23.56 to a day high of $24.19. The price has risen in 6 of the last 10 days and is up by 4.68% over the past 2 weeks. Volume fell in the last day by -0.10 million shares and in total, 1.36 million shares bought and sold for approximately $32.26 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the MNOD.L stock price was $24.19 and low was $22.06.
  • 90 day high was $24.19 and low was $20.63.
  • 52 week high for Public Joint Stock Company Mining & Metallurgical Company Norilsk Nickel Sponsored ADR - $24.19 and low - $15.62.
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Trend

Public Joint Stock Company Mining & Metallurgical Company Norilsk Nickel Sponsored ADR has broken the weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $23.52, a level that may pose a second chance to hit a runner. According to fan-theory $25.40 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. Public Joint Stock Company Mining & Metallurgical Company Norilsk Nickel Sponsored ADR holds buy signals from both short- and long-term moving averages. In addition, 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 $22.99 and $22.41. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 09, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

A buy signal from a double bottom formation was found on Tuesday July 09, 2019 with a target of $22.82. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 71 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $22.50 and $22.16.

There is 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, Public Joint Stock Company Mining & Metallurgical Company Norilsk Nickel Sponsored ADR finds support just below today's level at $22.50. If this is broken, then the next support from accumulated volume will be at $22.16 and $21.26.

Support: $22.50 Price: $23.69

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.63 (2.67%) between high and low. For the last week, the stock has had daily average volatility of 2.19%.

Our recommended stop-loss: $22.78 (-3.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)

2.19 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

Public Joint Stock Company Mining & Metallurgical Company Norilsk Nickel Sponsored ADR holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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