Wednesday June 19, 2019 Change -1.45% Price £1 023.00
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will BYG.L stock price go up or down on Thu, 20 Jun 2019?

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Big Yellow Group plc Forecast and Stock Analysis

Technical BYG.L stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-19


Big Yellow Group plc fell by -1.45% in the last day ( Wednesday, 19th Jun 2019 ) from £1 038.00 to £1 023.00 During day the stock fluctuated 1.77% from a day low at £1 019.00 to a day high of £1 037.00. The price has been going up and down for this period, and there has been a 0.29% gain for the last 2 weeks. Volume has increased in the last day by 4 940 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, 300 269 shares bought and sold for approximately £307.18 million.

Quick summary:

  • 30 day high of the BYG.L stock price was £1 077.00 and low was £1 003.00.
  • 90 day high was £1 077.00 and low was £964.00.
  • 52 week high for the Big Yellow Group plc - £1 077.00 and low - £9.29.

Trend

Big Yellow Group plc lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £1 013.29 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 2.81% during the next 3 months and, with 90% probability hold a price between £1 041.76 and £1 101.73 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Big Yellow Group plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £1 025.29 and £1 033.63. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 18, 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.

The stock had a Golden Star Signal* on Tuesday September 04, 2018 in the medium-term chart.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Big Yellow Group plc finds support from accumulated volume at £1 020.00.

Support: £1 020.00 Price: £1 023.00 Resistance: £1 027.00

Risk

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 £18.00 (1.77%) between high and low. For the last week, the stock has had a daily average volatility of 1.89%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

1.89 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

The Big Yellow Group plc stock holds several negative signals and despite the positive trend we believe Big Yellow Group plc 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.

Sell Candidate Downgraded
Stronger Sell Today BYG.L ranks #3480 as SELL CANDIDATE #3480 Weaker Sell

Will BYG.L stock price go up or down on Thu, 20 Jun 2019?

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