L`Oreal Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of L`Oreal in the last trading day. The price has been going up and down for this period, and there has been a -0.39% loss for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the 0H58.L stock was 198.60€.
During day the stock fluctuated 0.00% from a day low at 198.60€ to a day high of 198.60€.
30 day high of the 0H58.L stock price was 204.55€ and low was 193.38€.
90 day high was 216.35€ and low was 179.60€.
52 week high for the L`Oreal - 217.70€ and low - 169.15€.
Given the current horizontal trend you can expect L`Oreal with 90% probability to be traded between 185.13€ and 211.62€ at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Some negative signals were issued as well, and these may have some influence on the near short-term development. L`Oreal holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at 201.41€. On a fall, the stock will find some support from the short-term average at 197.30€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
L`Oreal finds support from accumulated volume at 196.68€.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.00€ between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 2.60%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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L`Oreal holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.