Andalas Energy and Power Plc Forecast and Stock Analysis
Technical ADL.L stock analysis for March 22, 2019.
No changes to the price of Andalas Energy and Power Plc in the last trading day. The price has fallen in 5 of the last 10 days and is down by -25.58% for this period.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ADL.L stock was $0.16.
During day the stock fluctuated 0.00% from a day low at $0.16 to a day high of $0.16.
30 day high of the ADL.L stock price was $0.73 and low was $0.15.
90 day high was $1.03 and low was $0.15.
52 week high for the Andalas Energy and Power Plc - $1.35 and low - $0.01.
Andalas Energy and Power Plc 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 -60.66% during the next 3 months and, with 90% probability hold a price between $0.03 and $0.18 at the end of this period.
There are mixed signals in the stock today. Andalas Energy and Power Plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.18 and $0.49. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 12 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 8.54%.
Andalas Energy and Power Plc is overbought on RSI14 (12). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Andalas Energy and Power Plc 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.