Blancco Technology Group Plc Forecast and Stock Analysis
Technical BLTG.L stock analysis for March 22, 2019.
No changes to the price of Blancco Technology Group Plc in the last trading day. The price has been going up and down for this period, and there has been a -2.33% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the BLTG.L stock was £105.00.
During day the stock fluctuated 1.94% from a day low at £103.00 to a day high of £105.00.
30 day high of the BLTG.L stock price was £112.50 and low was £102.00.
90 day high was £112.50 and low was £87.50.
52 week high for the Blancco Technology Group Plc - £112.50 and low - £65.00.
Blancco Technology Group Plc lies in the middle of a very wide and weak 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 2.99% during the next 3 months and, with 90% probability hold a price between £91.43 and £116.68 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 March 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days. Blancco Technology Group 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 £105.07. On a fall, the stock will find some support from the long-term average at approximately £102.42. 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)
The stock currently holds a RSI14 at 24 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Blancco Technology Group Plc finds support from accumulated volume at £104.50.
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 £2.00 (1.94%) between high and low. For the last week, the stock has had a daily average volatility of 1.27%.
Blancco Technology Group Plc is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: £99.69 (-5.06%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from pivot top found 4 days ago.)
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Blancco Technology Group Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.