REC Silicon ASA Forecast and Stock Analysis
Technical 0FS8.L stock analysis for March 15, 2019.
REC Silicon ASA gained 3.33% in the last trading day, rising from $0.65 to $0.67 The price has fallen in 6 of the last 10 days , but is still up by 2.58% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.94 million more shares were traded than the day before. In total, 2.25 million shares bought and sold for approximately $1.50 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the 0FS8.L stock was $0.67. This is 3.33% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 4.06% from a day low at $0.64 to a day high of $0.67.
30 day high of the 0FS8.L stock price was $0.78 and low was $0.55.
90 day high was $0.78 and low was $0.53.
52 week high for the REC Silicon ASA - $1.54 and low - $0.50.
REC Silicon ASA lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.19% during the next 3 months and, with 90% probability hold a price between $0.59 and $0.79 at the end of this period.
Only positive signals in the chart today. REC Silicon ASA 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 $0.65 and $0.62. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. REC Silicon ASA has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
REC Silicon ASA finds support from accumulated volume at $0.65.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.03 between high and low, or 4.06%. For the last week, the stock has had a daily average volatility of 4.04%.
Our recommended stoploss: $0.63 (-5.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term.