Caspian Sunrise Plc Forecast and Stock Analysis
Technical CASP.L stock analysis for March 22, 2019.
No changes to the price of Caspian Sunrise Plc in the last trading day. The price has fallen in 6 of the last 10 days and is down by -4.96% for this period.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the CASP.L stock was £5.75.
During day the stock fluctuated 0.00% from a day low at £5.75 to a day high of £5.75.
30 day high of the CASP.L stock price was £6.30 and low was £5.45.
90 day high was £7.35 and low was £5.45.
52 week high for the Caspian Sunrise Plc - £11.50 and low - £5.45.
Caspian Sunrise Plc lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £5.90 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.73% during the next 3 months and, with 90% probability hold a price between £4.11 and £4.73 at the end of this period.
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. Caspian Sunrise 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 £5.78 and £6.12. A break-up above any of these levels will issue buy signals. 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".
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Caspian Sunrise Plc finds support from accumulated volume at £5.55.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Caspian Sunrise Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.