BATS.L Forecast and Technical Stock AnalysisBuy candidate since 2019-07-18
gained 6.12% in the last trading day ( Thursday, 18th Jul 2019 ), rising from £29.25 to £31.04 During day the stock fluctuated 1 714.48% from a day low at £29.28 to a day high of £531.28. The price has risen in 6 of the last 10 days and is up by 4.62% 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, 1.76 million more shares were traded than the day before. In total, 4.28 million shares bought and sold for approximately £132.85 million.
- 30 day high of the BATS.L stock price was £531.28 and low was £27.33.
- 90 day high was £531.28 and low was £27.01.
- 52 week high for the - £3 736.00 and low - £23.37.
has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £30.50 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £33.66 sometime during the next 3 months.
Only positive signals in the chart today. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £29.51 and £28.94. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday July 11, 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)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 76 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £28.45 and £28.00.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, finds support just below today's level at £28.45. If this is broken, then the next support from accumulated volume will be at £28.00 and £27.97.
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 £502.00 (1 714.48%) between high and low. For the last week, the stock has had a daily average volatility of 344.35%.
Our recommended stoploss: £29.85 (-3.83%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
344.35 %Average volatility
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Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rising rate. 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 period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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