VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will 0I40.L stock price go up or down on Thu, 20 Jun 2019?

Predict

H. Lundbeck AS Forecast and Stock Analysis

Technical 0I40.L stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-14 Gain 1.21%


H. Lundbeck AS fell by -0.50% in the last day ( Wednesday, 19th Jun 2019 ) from 259.70 kr to 258.40 kr During day the stock fluctuated 2.29% from a day low at 253.40 kr to a day high of 259.20 kr. The price has fallen in 5 of the last 10 days and is down by -1.97% for this period. Volume has increased in the last day by 13 956 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 39 214 shares bought and sold for approximately 10.13 kr million.

Quick summary:

  • 30 day high of the 0I40.L stock price was 274.95 kr and low was 248.70 kr.
  • 90 day high was 307.55 kr and low was 248.70 kr.
  • 52 week high for the H. Lundbeck AS - 475.70 kr and low - 248.70 kr.

Trend

H. Lundbeck AS lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.21% during the next 3 months and, with 90% probability hold a price between 210.09 kr and 230.54 kr at the end of this period.

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Signals

There are few to none technical positive signals at the moment. H. Lundbeck AS 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 268.61 kr. On a fall, the stock will find some support from the short-term average at 257.99 kr. 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 Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSI14 is 33 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

H. Lundbeck AS finds support from accumulated volume at 257.25 kr.

Support: 257.25 kr Price: 258.40 kr Resistance: 266.75 kr

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 5.80 kr (2.29%) between high and low. For the last week, the stock has had a daily average volatility of 2.85%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.85 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

H. Lundbeck AS holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.

Strong Sell Candidate Downgraded
Stronger Sell Today 0I40.L ranks #5822 as SELL CANDIDATE #5822 Weaker Sell

Will 0I40.L stock price go up or down on Thu, 20 Jun 2019?

Predict

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