Breedon Group Plc Forecast and Stock Analysis
Technical BREE.L stock analysis for March 22, 2019.
No changes to the price of Breedon Group Plc in the last trading day. The price has been going up and down for this period, and there has been a -1.88% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the BREE.L stock was £68.00.
During day the stock fluctuated 0.89% from a day low at £67.40 to a day high of £68.00.
30 day high of the BREE.L stock price was £71.20 and low was £64.10.
90 day high was £71.20 and low was £57.70.
52 week high for the Breedon Group Plc - £85.80 and low - £55.30.
Breedon Group Plc lies in the lower part of a 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 £67.02 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 12.32% during the next 3 months and, with 90% probability hold a price between £75.28 and £83.40 at the end of this period.
Breedon 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 £69.36. On a fall, the stock will find some support from the long-term average at approximately £67.41. 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. A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Breedon Group Plc finds support from accumulated volume at £67.40.
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 £0.60 (0.89%) between high and low. For the last week, the stock has had a daily average volatility of 1.20%.
Our recommended stoploss: £63.88 (-6.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
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.