BLTG.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-15 Loss -1.55%
Blancco Technology Group Plc fell by -1.55% in the last day ( Friday, 16th Aug 2019 ) from £1.29 to £1.27 and has now fallen 3 days in a row. During the day the stock fluctuated 3.17% from a day low at £1.26 to a day high of £1.30. The price has been going up and down for this period, and there has been a -5.22% loss for the last 2 weeks. 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 -247 079 shares and in total 8 121 shares bought and sold for approximately £10 313.70.
- 30 day high of the BLTG.L stock price was £1.37 and low was £1.25.
- 90 day high was £1.57 and low was £1.20.
- 52 week high for Blancco Technology Group Plc - £109.00 and low - £0.82.
Blancco Technology Group Plc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.75% during the next 3 months and, with 90% probability hold a price between £0.97 and £1.20 at the end of this period.
There are few to none technical positive signals at the moment. Blancco Technology Group 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 £1.31 and £1.31. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday August 02, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 22 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
On the downside, the stock finds support just below today's level from accumulated volume at £1.20.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.00 may give a huge drop in the stock price.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.59 %Average volatility
Very Low Low Medium High Very High
Blancco Technology Group Plc holds several negative signals and is within a wide 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.
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!