Caspian Sunrise Plc Forecast and Stock Analysis
Technical CASP.L stock analysis for Friday May 24, 2019.
No changes to the price of Caspian Sunrise Plc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at £9.15 to a day high of £9.15. The price has fallen in 5 of the last 10 days , but is still up by 2.23% over the past 2 weeks.
- 30 day high of the CASP.L stock price was £11.25 and low was £4.90.
- 90 day high was £11.25 and low was £4.20.
- 52 week high for the Caspian Sunrise Plc - £11.50 and low - £4.20.
Caspian Sunrise Plc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 29.75% during the next 3 months and, with 90% probability hold a price between £7.52 and £14.08 at the end of this period.
Caspian Sunrise 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 £9.89. On a fall, the stock will find some support from the long-term average at approximately £6.53. 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 Thursday May 23, 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 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)
The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Caspian Sunrise Plc finds support from accumulated volume at £8.95.
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 4.30%.
Our recommended stoploss: £8.65 (-5.50%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 75 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)
4.30 %Average volatility
Very Low Low Medium High Very High
Caspian Sunrise Plc 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.
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