Stronger Sell Today CORO.L ranks #3754 as SELL CANDIDATE. Weaker Sell
Today CORO.L ranks #3754 as SELL CANDIDATE.

CORO.L stock Coro Energy Plc

CORO.L stock
Coro Energy Plc

March 22, 2019
Change 0.00%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will CORO.L stock price go up or down on Tue, 26 Mar 2019?

Coro Energy Plc Forecast and Stock Analysis

Technical CORO.L stock analysis for March 22, 2019.

Sell candidate since 2019-03-04 Loss -1.18%

No changes to the price of Coro Energy Plc in the last trading day. The price has been going up and down for this period, and there has been a 2.44% gain for the last 2 weeks.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the CORO.L stock was £2.10.

During day the stock fluctuated 0.00% from a day low at £2.10 to a day high of £2.10.

30 day high of the CORO.L stock price was £2.25 and low was £1.91.
90 day high was £2.75 and low was £1.91.
52 week high for the Coro Energy Plc - £4.35 and low - £1.91.

Trend

Coro Energy Plc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.22% during the next 3 months and, with 90% probability hold a price between £1.60 and £2.18 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Coro Energy Plc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £2.19. On a fall, the stock will find some support from the short-term average at £2.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.

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A sell signal from a double top formation was found on Thursday March 21, 2019 and based on theory for this formation the price should fall by -0.14% to £1.95 within 7 trading days since signal was issued (Monday April 01, 2019).

Relative Strength Index (RSI)

RSI14 is 47 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Coro Energy Plc finds support from accumulated volume at £2.08.

Support: £2.08 Price: £2.10 Resistance: £2.33

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 £0.00 (0.00%) between high and low. For the last week, the stock has had a daily average volatility of 2.04%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

Coro Energy Plc holds several negative signals and is within a very 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.

Stronger Sell Today CORO.L ranks #3754 as SELL CANDIDATE. Weaker Sell
Today CORO.L ranks #3754 as SELL CANDIDATE.