BAG.L Forecast and Technical Stock AnalysisSell candidate since 2019-07-03 Loss -33.37%
Barr(A.G.) plc fell by -0.96% in the last day ( Wednesday, 17th Jul 2019 ) from £6.23 to £6.17 and has now fallen 4 days in a row. During day the stock fluctuated 6.89% from a day low at £6.10 to a day high of £6.52. The price has fallen in 8 of the last 10 days and is down by -33.37% for this period. 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 -921 807 shares and in total 702 917 shares bought and sold for approximately £4.34 million.
- 30 day high of the BAG.L stock price was £9.35 and low was £6.01.
- 90 day high was £9.80 and low was £6.01.
- 52 week high for the Barr(A.G.) plc - £813.00 and low - £6.01.
Barr(A.G.) plc has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £8.44. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Barr(A.G.) 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 £7.98 and £9.02. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday June 28, 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)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 10 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 behavior.
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 may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.42 between high and low, or 6.89%. For the last week, the stock has had a daily average volatility of 4.86%.
Barr(A.G.) plc is oversold on RSI14 (10). 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 stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.86 %Average volatility
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