BRISTOL WEST HOLDINGS INC Forecast and Stock Analysis
Technical BRW.L stock analysis for March 22, 2019.
BRISTOL WEST HOLDINGS INC fell by -3.28% in the last day from £329.60 to £318.80 and has now fallen 4 days in a row. The price has been going up and down for this period, and there has been a 3.64% gain for the last 2 weeks. Volume has increased in the last day by 109 328 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 398 475 shares bought and sold for approximately £127.03 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the BRW.L stock was £318.80. This is 3.28% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 5.36% from a day low at £317.40 to a day high of £334.40.
30 day high of the BRW.L stock price was £336.00 and low was £297.80.
90 day high was £346.20 and low was £288.80.
52 week high for the BRISTOL WEST HOLDINGS INC - £392.20 and low - £288.80.
Given the current horizontal trend you can expect BRISTOL WEST HOLDINGS INC with 90% probability to be traded between £288.05 and £325.81 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday March 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. BRISTOL WEST HOLDINGS INC 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 £327.60. On a fall, the stock will find some support from the long-term average at approximately £312.06. 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)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
BRISTOL WEST HOLDINGS INC finds support from accumulated volume at £318.60.
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 £17.00 (5.36%) between high and low. For the last week, the stock has had a daily average volatility of 3.04%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
BRISTOL WEST HOLDINGS INC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.