Blue Star Capital Forecast and Stock Analysis
Technical BLU.L stock analysis for March 22, 2019.
Blue Star Capital fell by -3.03% in the last day from £0.17 to £0.16 and has now fallen 3 days in a row. The price has risen in 4 of the last 10 days and is up by 14.29% over the past 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 -18.96 million shares and in total 3.18 million shares bought and sold for approximately £509 059.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the BLU.L stock was £0.16. This is 3.03% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 3.13% from a day low at £0.16 to a day high of £0.17.
30 day high of the BLU.L stock price was £0.18 and low was £0.13.
90 day high was £0.26 and low was £0.13.
52 week high for the Blue Star Capital - £0.29 and low - £0.13.
Blue Star Capital lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £0.17 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -43.93% during the next 3 months and, with 90% probability hold a price between £0.03 and £0.10 at the end of this period.
Blue Star Capital 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 £0.16 and £0.15. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday March 20, 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.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
Blue Star Capital finds support from accumulated volume at £0.16.
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 £0.01 between high and low, or 3.13%. For the last week the stock has had a daily average volatility of 4.42%.
Our recommended stoploss: £0.15 (-6.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
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Blue Star Capital 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.