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Previous Hold Today 3IN.L ranks #2076 as HOLD CANDIDATE #2076 Next Hold

3I Infrastructure Plc stock forecast

3IN.L stock forecast

Wednesday June 19, 2019 Change -0.17% Price £288.50
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will 3IN.L stock price go up or down on Fri, 21 Jun 2019?

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3I Infrastructure Plc Forecast and Stock Analysis

Technical 3IN.L stock analysis for Wednesday June 19, 2019.

Hold candidate since 2019-06-19


3I Infrastructure Plc fell by -0.17% in the last day ( Wednesday, 19th Jun 2019 ) from £289.00 to £288.50 During day the stock fluctuated 0.87% from a day low at £288.00 to a day high of £290.50. The price has risen in 5 of the last 10 days and is up by 2.3% 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 -61 794 shares and in total 501 717 shares bought and sold for approximately £144.75 million.

Quick summary:

  • 30 day high of the 3IN.L stock price was £295.00 and low was £2.78.
  • 90 day high was £295.00 and low was £2.77.
  • 52 week high for the 3I Infrastructure Plc - £295.00 and low - £2.77.

Trend

3I Infrastructure Plc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is £288.44, a level that may pose a second chance to hit a runner. According to fan-theory £588.33 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

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 £287.50 and £236.34. 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 Tuesday June 11, 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 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

3I Infrastructure Plc finds support from accumulated volume at £283.50.

Support: £283.50 Price: £288.50 Resistance: £289.00

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £2.50 between high and low, or 0.87%. For the last week, the stock has had a daily average volatility of 1.45%.

Our recommended stoploss: £276.05 (-4.32%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 6 days ago.)

1.45 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

3I Infrastructure Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today 3IN.L ranks #2076 as HOLD CANDIDATE #2076 Next Hold

Will 3IN.L stock price go up or down on Fri, 21 Jun 2019?

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