Blue Star Capital Forecast and Stock Analysis
Technical BLU.L stock analysis for Friday May 24, 2019.
No changes to the price of Blue Star Capital in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at £0.17 to a day high of £0.17. The price has been going up and down for this period, and there has been a 13.33% gain for the last 2 weeks.
- 30 day high of the BLU.L stock price was £0.19 and low was £0.15.
- 90 day high was £0.22 and low was £0.13.
- 52 week high for the Blue Star Capital - £0.28 and low - £0.13.
Blue Star Capital lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £0.15 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.74% during the next 3 months and, with 90% probability hold a price between £0.18 and £0.27 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Blue Star Capital holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £0.18. On a fall, the stock will find some support from the short-term average at £0.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday May 23, 2019, which indicates further falls until a new bottom pivot has been found. 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.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £0.16 and £0.14.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Blue Star Capital finds support just below today's level at £0.16. If this is broken, then the next support from accumulated volume will be at £0.14 and £0.14.
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 stoploss: £0.16 (-3.66%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)
0.00 %Average volatility
Very Low Low Medium High Very High
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.
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