Aberdeen Standard European Logistics Income Plc Forecast and Stock Analysis
Technical ASLI.L stock analysis for Wednesday June 19, 2019.
Aberdeen Standard European Logistics Income Plc gained 0.20% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £99.00 to £99.20 During day the stock fluctuated 1.52% from a day low at £99.00 to a day high of £100.50. The price has risen in 5 of the last 10 days and is up by 2.06% 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, 117 842 more shares were traded than the day before. In total, 326 968 shares bought and sold for approximately £32.44 million.
- 30 day high of the ASLI.L stock price was £104.00 and low was £96.00.
- 90 day high was £104.00 and low was £92.40.
- 52 week high for the Aberdeen Standard European Logistics Income Plc - £113.50 and low - £1.00.
Aberdeen Standard European Logistics Income Plc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.89% during the next 3 months and, with 90% probability hold a price between £98.63 and £106.88 at the end of this period.
Only positive signals in the chart today. Aberdeen Standard European Logistics Income Plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £100.69. On a fall, the stock will find some support from the long-term average at approximately £97.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday June 18, 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.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Aberdeen Standard European Logistics Income Plc finds support from accumulated volume at £97.80.
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 £1.50 (1.52%) between high and low. For the last week, the stock has had a daily average volatility of 2.45%.
Our recommended stoploss: £93.19 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
2.45 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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