Apax Global Alpha Limited Forecast and Stock Analysis
Technical APAX.L stock analysis for March 15, 2019.
Apax Global Alpha Limited fell by -1.04% in the last day from £144.00 to £142.50 and has now fallen 4 days in a row. The price has been going up and down for this period, and there has been a -1.72% loss for the last 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 -240 430 shares and in total 147 695 shares bought and sold for approximately £21.05 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the APAX.L stock was £142.50. This is 1.04% less than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 3.20% from a day low at £140.50 to a day high of £145.00.
30 day high of the APAX.L stock price was £149.00 and low was £139.00.
90 day high was £149.50 and low was £133.00.
52 week high for the Apax Global Alpha Limited - £149.50 and low - £127.00.
Given the current horizontal trend you can expect Apax Global Alpha Limited with 90% probability to be traded between £137.52 and £151.47 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. Apax Global Alpha Limited holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £144.43 and £143.49. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday February 22, 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.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Apax Global Alpha Limited finds support from accumulated volume at £142.00.
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 £4.50 (3.20%) between high and low. For the last week, the stock has had a daily average volatility of 2.12%.
Our recommended stoploss: £135.77 (-4.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 15 days ago.)
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Apax Global Alpha Limited holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate 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.