ASLI.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-14 Loss -1.48%
Aberdeen Standard European Logistics Income Plc fell by -0.11% in the last day ( Friday, 16th Aug 2019 ) from £0.93 to £0.93 and has now fallen 11 days in a row. During the day the stock fluctuated 1.73% from a day low at £0.92 to a day high of £0.94. The price has fallen in 10 of the last 10 days and is down by -5.68% for this period. Volume has increased in the last day by 166 132 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 407 178 shares bought and sold for approximately £378 676.00.
- 30 day high of the ASLI.L stock price was £1.00 and low was £0.92.
- 90 day high was £1.04 and low was £0.92.
- 52 week high for Aberdeen Standard European Logistics Income Plc - £112.00 and low - £0.92.
Aberdeen Standard European Logistics Income Plc has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately £0.97 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. 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 £0.95 and £0.98. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 03, 2019, which indicates further falls until a new bottom pivot has been found. Aberdeen Standard European Logistics Income Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 3 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.02 (1.73%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Aberdeen Standard European Logistics Income Plc is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.62 %Average volatility
Very Low Low Medium High Very High
Aberdeen Standard European Logistics Income Plc holds several negative signals and is within a narrow and 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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!