Weaker Buy Today 0H58.L ranks #1445 as BUY CANDIDATE. Stronger Buy
Today 0H58.L ranks #1445 as BUY CANDIDATE.

0H58.L stock L`Oreal

0H58.L stock
L`Oreal

March 18, 2019
Change -0.70%
Chart period: 2018-12-19 - 2019-03-18
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will 0H58.L stock price go up or down on Wed, 20 Mar 2019?

L`Oreal Forecast and Stock Analysis

Technical 0H58.L stock analysis for March 18, 2019.

Buy candidate since 2019-02-20 Gain 4.98%

L`Oreal fell by -0.70% in the last day from 236.75€ to 235.10€ The price has risen in 6 of the last 10 days and is up by 5.31% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -35 091 shares and in total 54 611 shares bought and sold for approximately 12.84€ million.

Close price at the end of the last trading day (Monday, 18th Mar 2019) of the 0H58.L stock was 235.10€. This is 0.7% less than the trading day before Friday, 15th Mar 2019.

During day the stock fluctuated 3.01% from a day low at 232.90€ to a day high of 239.90€.

30 day high of the 0H58.L stock price was 239.90€ and low was 216.40€.
90 day high was 239.90€ and low was 193.38€.
52 week high for the L`Oreal - 239.90€ and low - 172.60€.

Trend

L`Oreal lies in the upper part of a strong rising trend in the short term, and this will 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 237.42€ will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 20.92% during the next 3 months and, with 90% probability hold a price between 272.70€ and 287.09€ at the end of this period.

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Signals

L`Oreal 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 231.25€ and 222.35€. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday March 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

L`Oreal finds support from accumulated volume at 232.90€.

Support: 232.90€ Price: 235.10€ Resistance: 236.75€

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved 7.00€ (3.01%) between high and low. For the last week, the stock has had a daily average volatility of 3.16%.

Our recommended stoploss: 225.28€ (-4.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Weaker Buy Today 0H58.L ranks #1445 as BUY CANDIDATE. Stronger Buy
Today 0H58.L ranks #1445 as BUY CANDIDATE.