IQ REAL RETURN ETF Forecast and Stock Analysis
Technical CPI.L stock analysis for February 15, 2019.
IQ REAL RETURN ETF gained 1.65% in the last trading day, rising from £115.10 to £117.00 The price has risen in 5 of the last 10 days and is up by 0.13% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.91 million more shares were traded than the day before. In total, 5.31 million shares bought and sold for approximately £620.90 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the CPI.L stock was £117.00. This is 1.65% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 4.93% from a day low at £116.75 to a day high of £122.50.
30 day high of the CPI.L stock price was £122.50 and low was £111.05.
90 day high was £124.80 and low was £100.70.
52 week high for the IQ REAL RETURN ETF - £204.20 and low - £100.70.
IQ REAL RETURN ETF lies in the middle of a 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 10.12% during the next 3 months and, with 90% probability hold a price between £119.71 and £139.30 at the end of this period.
Only positive signals in the chart today. IQ REAL RETURN ETF holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £115.12 and £115.97. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
IQ REAL RETURN ETF finds support from accumulated volume at £114.50.
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 £5.75 (4.93%) between high and low. For the last week, the stock has had a daily average volatility of 3.78%.
Our recommended stoploss: £110.68 (-5.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Buy Candidate.