Apax Global Alpha Limited Forecast and Stock Analysis
Technical APAX.L stock analysis for Tuesday June 25, 2019.
Apax Global Alpha Limited gained 1.02% in the last trading day ( Tuesday, 25th Jun 2019 ), rising from £146.50 to £148.00 During day the stock fluctuated 2.07% from a day low at £145.00 to a day high of £148.00. The price has risen in 5 of the last 10 days and is up by 1.02% 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, 128 645 more shares were traded than the day before. In total, 198 890 shares bought and sold for approximately £29.44 million.
- 30 day high of the APAX.L stock price was £148.00 and low was £143.50.
- 90 day high was £153.00 and low was £1.42.
- 52 week high for the Apax Global Alpha Limited - £153.00 and low - £1.42.
Apax Global Alpha Limited 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 £147.26, a level that may pose a second chance to hit a runner. According to fan-theory £299.25 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Apax Global Alpha Limited 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 £146.64 and £122.00. 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 June 20, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Apax Global Alpha Limited finds support from accumulated volume at £147.00.
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 £3.00 (2.07%) between high and low. For the last week, the stock has had a daily average volatility of 1.79%.
Our recommended stoploss: £142.18 (-3.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)
1.79 %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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|Golden Star Signal|
Get competitive edge
The 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 a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us