Aberdeen Standard European Logistics Income Plc Forecast and Stock Analysis
Technical ASLI.L stock analysis for March 22, 2019.
Aberdeen Standard European Logistics Income Plc gained 1.88% in the last trading day, rising from £95.80 to £97.60 The price has been going up and down for this period, and there has been a -0.41% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 38 818 more shares were traded than the day before. In total, 246 474 shares bought and sold for approximately £24.06 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ASLI.L stock was £97.60. This is 1.88% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.46% from a day low at £96.20 to a day high of £97.60.
30 day high of the ASLI.L stock price was £101.00 and low was £95.80.
90 day high was £104.00 and low was £95.80.
52 week high for the Aberdeen Standard European Logistics Income Plc - £113.50 and low - £95.80.
Aberdeen Standard European Logistics Income Plc lies in the middle of a 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 -3.90% during the next 3 months and, with 90% probability hold a price between £91.75 and £97.71 at the end of this period.
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. 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. Aberdeen Standard European Logistics Income 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 £97.66 and £99.74. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Aberdeen Standard European Logistics Income Plc finds support from accumulated volume at £97.20.
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 £1.40 (1.46%) between high and low. For the last week, the stock has had a daily average volatility of 1.32%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Aberdeen Standard European Logistics Income Plc holds several negative signals and is within a falling trend, so we believe 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.