H. Lundbeck AS Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of H. Lundbeck AS in the last trading day. The price has risen in 5 of the last 10 days , but is still down by -2.28% for this period.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the 0I40.L stock was 291.35 kr.
During day the stock fluctuated 0.00% from a day low at 291.35 kr to a day high of 291.35 kr.
30 day high of the 0I40.L stock price was 298.15 kr and low was 273.40 kr.
90 day high was 414.90 kr and low was 253.40 kr.
52 week high for the H. Lundbeck AS - 476.00 kr and low - 253.40 kr.
H. Lundbeck AS lies in the middle of a very wide and 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 -5.32% during the next 3 months and, with 90% probability hold a price between 227.95 kr and 366.01 kr at the end of this period.
H. Lundbeck AS holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately 291.51 kr. On a fall, the stock will find some support from the long-term average at approximately 284.65 kr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Monday January 21, 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 58 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at 269.90 kr and 268.95 kr.
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, H. Lundbeck AS finds support just below today's level at 269.90 kr. If this is broken, then the next support from accumulated volume will be at 268.95 kr and 254.55 kr.
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 kr between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 2.73%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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H. Lundbeck AS 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.