Today CORO.L ranks # as HOLD CANDIDATE.
Today CORO.L ranks # as HOLD CANDIDATE.

CORO.L stock Coro Energy Plc

CORO.L stock
Coro Energy Plc

22 January 2019
Change 0.00%
Chart period: 2018-10-23 - 2019-01-22




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Coro Energy Plc Stock Analysis

Technical stock analysis for 22 January 2019

Hold candidate since 2019-01-21

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 -4.08% loss for the last 2 weeks.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the CORO.L stock was £2.35.

During day the stock fluctuated 0.00% from a day low at £2.35 to a day high of £2.35.

30 day high of the CORO.L stock price was £2.60 and low was £2.20.
90 day high was £3.03 and low was £2.10.
52 week high for the Coro Energy Plc - £4.35 and low - £2.10.


Coro Energy Plc lies the upper part of a very 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 £2.42 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 -21.34% during the next 3 months and, with 90% probability hold a price between £1.47 and £1.91 at the end of this period.

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Coro Energy 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 £2.36. On a fall, the stock will find some support from the long-term average at approximately £2.32. 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 Monday January 21, 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.

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Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

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Support & Resistance

Coro Energy Plc finds support from accumulated volume at £2.33.

Support: £2.33 Price: £2.35 Resistance: £2.38


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 1.93%.

Our recommended stoploss: £2.21 (-6.04%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High


Coro 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.

Today CORO.L ranks # as HOLD CANDIDATE.
Today CORO.L ranks # as HOLD CANDIDATE.