3I Infrastructure Plc Stock Analysis
Technical stock analysis for 23 January 2019
3I Infrastructure Plc gained 0.09% in the last trading day, rising from £266.45 to £266.70 The price has risen in 5 of the last 10 days and is up by 2.97% 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, 346 125 more shares were traded than the day before. In total, 346 125 shares bought and sold for approximately £92.31 million.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the 3IN.L stock was £266.70. This is 0.09% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.06% from a day low at £265.15 to a day high of £267.95.
30 day high of the 3IN.L stock price was £268.85 and low was £257.00.
90 day high was £268.85 and low was £240.95.
52 week high for the 3I Infrastructure Plc - £268.85 and low - £195.60.
3I Infrastructure Plc lies in the middle of a narrow 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 9.47% during the next 3 months and, with 90% probability hold a price between £285.23 and £298.22 at the end of this period.
3I Infrastructure Plc 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 £265.72 and £259.31. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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 Thursday January 10, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
3I Infrastructure Plc finds support from accumulated volume at £259.70.
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 £2.80 (1.06%) between high and low. For the last week, the stock has had a daily average volatility of 1.08%.
Our recommended stoploss: £256.90 (-3.67%) (This stock has low daily movements and this gives low risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from pivot top found 9 days ago.)
Very Low Low Medium High Very High
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.