Clontarf Energy Plc Forecast and Stock Analysis
Technical CLON.L stock analysis for Friday May 24, 2019.
No changes to the price of Clontarf Energy Plc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at £0.23 to a day high of £0.23. The price has been going up and down for this period, and there has been a -6.12% loss for the last 2 weeks.
- 30 day high of the CLON.L stock price was £0.27 and low was £0.23.
- 90 day high was £0.28 and low was £0.20.
- 52 week high for the Clontarf Energy Plc - £0.68 and low - £0.18.
Given the current horizontal trend you can expect Clontarf Energy Plc with 90% probability to be traded between £0.22 and £0.26 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. Clontarf Energy Plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £0.24 and £0.24. 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". The very low volume increases the risk and reduces the other technical signals issued. 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.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 27 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Clontarf Energy Plc finds support from accumulated volume at £0.23.
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 1.30%.
Clontarf Energy Plc is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: £0.22 (-6.46%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 27 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)
1.30 %Average volatility
Very Low Low Medium High Very High
Clontarf Energy 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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