88E.L Forecast and Technical Stock Analysis
Buy candidate since 2020-01-17 PDF
88 Energy Limited gained 2.31% in the last trading day ( Friday, 17th Jan 2020 ), rising from £0.01 to £0.01 During the day the stock fluctuated 5.47% from a day low at £0.01 to a day high of £0.01. The price has fallen in 5 of the last 10 days and is down by -2.21% for this period. Volume fell in the last day by -22.02 million shares and in total, 13.99 million shares bought and sold for approximately £186 050.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the 88E.L stock price was £0.01 and low was £0.01.
- 90 day high was £0.01 and low was £0.01.
- 52 week high for 88 Energy Limited - £1.15 and low - £0.01.
88 Energy Limited lies in the middle of a very wide and strong 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 76.44% during the next 3 months and, with 90% probability hold a price between £0.02 and £0.03 at the end of this period.
88 Energy Limited 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 £0.01. On a fall, the stock will find some support from the long-term average at approximately £0.01. 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. A buy signal was issued from a pivot bottom point on Thursday January 16, 2020, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 67 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £0.01 and £0.01.
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, 88 Energy Limited finds support just below today's level at £0.01. If this is broken, then the next support from accumulated volume will be at £0.01 and £0.01.
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 5.47%. For the last week the stock has had a daily average volatility of 6.40%.
Our recommended stop-loss: £0.01 (-5.75%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
6.40 %Average volatility
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. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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