Burcon NutraScience Corp - Ordinary Shares Forecast and Stock Analysis
Technical BUR.L stock analysis for March 18, 2019.
|Shorts||4.38% ( 2018-04-13 )|
Burcon NutraScience Corp - Ordinary Shares fell by -4.30% in the last day from £1 814.00 to £1 736.00 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -2.69% loss for the last 2 weeks. Volume has increased in the last day by 0.56 million 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, 1.37 million shares bought and sold for approximately £2 377.00 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the BUR.L stock was £1 736.00. This is 4.3% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 5.21% from a day low at £1 726.00 to a day high of £1 816.00.
30 day high of the BUR.L stock price was £2 045.00 and low was £1 574.00.
90 day high was £2 045.00 and low was £1 288.00.
52 week high for the Burcon NutraScience Corp - Ordinary Shares - £2 075.00 and low - £1 286.00.
Burcon NutraScience Corp - Ordinary Shares 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 £1 691.06 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 13.03% during the next 3 months and, with 90% probability hold a price between £1 911.41 and £2 236.26 at the end of this period.
There are few to none technical positive signals at the moment. Burcon NutraScience Corp - Ordinary Shares holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £1 820.00 and £1 775.83. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 14, 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.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Burcon NutraScience Corp - Ordinary Shares finds support from accumulated volume at £1 650.00.
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 £90.00 (5.21%) between high and low. For the last week, the stock has had a daily average volatility of 7.49%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The Burcon NutraScience Corp - Ordinary Shares stock holds several negative signals and despite the positive trend we believe Burcon NutraScience Corp - Ordinary Shares will perform weak in the next couple of days or weeks. Therefore, we 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 Buy Candidate to a Sell Candidate.