ALT.L Forecast and Technical Stock Analysis
Buy candidate since 2019-08-21 Gain 2.83%
iShares Diversified Alternatives Trust ETF gained 2.83% in the last trading day ( Thursday, 22nd Aug 2019 ), rising from £1.06 to £1.09 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 5.71% from a day low at £1.05 to a day high of £1.11. The price has been going up and down for this period, and there has been a 11.22% gain for the last 2 weeks. Volume fell in the last day by -356 726 shares and in total, 54 197 shares bought and sold for approximately £59 074.70. 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 ALT.L stock price was £1.12 and low was £0.97.
- 90 day high was £1.18 and low was £0.95.
- 52 week high for iShares Diversified Alternatives Trust ETF - £96.00 and low - £0.66.
iShares Diversified Alternatives Trust ETF has broken the 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 £1.06, a level that may pose a second chance to hit a runner. According to fan-theory £1.21 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
iShares Diversified Alternatives Trust ETF 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 £1.02 and £1.02. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday August 13, 2019, 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 62 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
iShares Diversified Alternatives Trust ETF finds support from accumulated volume at £1.08.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: £1.05 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 7 days ago.)
4.22 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
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!