Afritin Mining Limited Forecast and Stock Analysis
Technical ATM.L stock analysis for February 15, 2019.
Afritin Mining Limited gained 1.47% in the last trading day, rising from £3.40 to £3.45 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -8% for this period. Volume fell in the last day by -1 311 989 shares, and in total, 257 608 shares bought and sold for approximately £888 748.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ATM.L stock was £3.45. This is 1.47% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.00% from a day low at £3.50 to a day high of £3.50.
30 day high of the ATM.L stock price was £4.45 and low was £3.25.
90 day high was £4.45 and low was £3.00.
52 week high for the Afritin Mining Limited - £4.45 and low - £1.95.
Afritin Mining Limited lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £3.33 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.09% during the next 3 months and, with 90% probability hold a price between £3.94 and £5.31 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday February 12, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Afritin Mining Limited 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 £3.46 and £3.73. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
Afritin Mining Limited finds support from accumulated volume at £3.40.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 2.43%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Afritin Mining Limited stock holds several negative signals and despite the positive trend we believe Afritin Mining Limited will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.