BBYB.L stock forecast Balfour Beatty PLC 10 3/4 % Cum.Conv.Red.Pref.Shs 1994-1.7.20

BBYB.L stock forecast

VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

BBYB.L Forecast and Technical Stock Analysis


Sell candidate since 2019-09-04 PDF

No changes to the price of Balfour Beatty PLC 10 3/4 % Cum.Conv.Red.Pref.Shs 1994-1.7.20 in the last trading day ( Thursday, 5th Sep 2019 ). During the day the stock fluctuated 0.00% from a day low at £1.05 to a day high of £1.05. The price has been going up and down for this period, and there has been a -0.94% loss for the last 2 weeks.

Quick summary:

  • 30 day high of the BBYB.L stock price was £1.06 and low was £1.04.
  • 90 day high was £1.07 and low was £1.04.
  • 52 week high for Balfour Beatty PLC 10 3/4 % Cum.Conv.Red.Pref.Shs 1994-1.7.20 - £108.00 and low - £1.04.
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Trend

Balfour Beatty PLC 10 3/4 % Cum.Conv.Red.Pref.Shs 1994-1.7.20 is at the lower part of a narrow and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at £1.05 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect Balfour Beatty PLC 10 3/4 % Cum.Conv.Red.Pref.Shs 1994-1.7.20 with a 90% probability to be traded between £1.05 and £1.06 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

A buy signal was issued from a pivot bottom point on Wednesday September 04, 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. Balfour Beatty PLC 10 3/4 % Cum.Conv.Red.Pref.Shs 1994-1.7.20 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 £1.06 and £1.06. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Wednesday September 04, 2019 and based on theory for this formation the price should go up by 0.01% to £1.06 within 2 trading days since signal was issued (Friday September 06, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 85 ]

RSI14 is 33 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 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.

Price: £1.05 Resistance: £1.06

Risk

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 0.00%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

0.00 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Balfour Beatty PLC 10 3/4 % Cum.Conv.Red.Pref.Shs 1994-1.7.20 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.

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