BKG.L Forecast and Technical Stock Analysis
Buy candidate since 2019-11-21 PDF
Berkeley Group Holdings plc fell by -1.41% in the last day ( Thursday, 21st Nov 2019 ) from £45.29 to £44.65 During the day the stock fluctuated 1.71% from a day low at £44.49 to a day high of £45.25. The price has fallen in 6 of the last 10 days and is down by -0.71% for this period. Volume has increased in the last day by 28 517 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 355 011 shares bought and sold for approximately £15.85 million.
- 30 day high of the BKG.L stock price was £46.46 and low was £43.46.
- 90 day high was £46.46 and low was £37.75.
- 52 week high for Berkeley Group Holdings plc - £3 854.00 and low - £31.70.
Berkeley Group Holdings plc lies in the middle of a wide and strong 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 18.74% during the next 3 months and, with 90% probability hold a price between £50.94 and £56.96 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday November 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Berkeley Group Holdings 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 £45.43. On a fall, the stock will find some support from the long-term average at approximately £44.12. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 49 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
Berkeley Group Holdings plc finds support from accumulated volume at £44.54.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.76 (1.71%) between high and low. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: £42.94 (-3.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 8 day(s) ago.)
2.43 %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 Hold/Accumulate to a Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!