CRH - CRH PLC Mon 27'th Feb 2017
Stock analysis for Mon 27'th Feb 2017 (Updated daily)
Buy candidate since 2017-02-27
CRH PLC Stock Analysis
CRH PLC gained 2.24% in the last trading day, rising from USD 33.41 to USD 34.16. The price has been going up and down for this period, and there has been a -1.1% loss for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 0.31 million more shares were traded than the day before. In total, 1.10 million shares bought and sold for approximately USD 37.45 million.
CRH PLC lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 33.44 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.0% during the next 3 months and, with 90% probability hold a price between USD 35.13 and USD 39.11 at the end of this period.
CRH 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 USD 34.30 and USD 34.74. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday February 24, 2017, 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 43 and the stock is currently not being overbought or oversold
Support & Resistance
CRH PLC finds support from accumulated volume at USD 33.81, USD 32.87, and USD 32.68. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 34.62, USD 34.52 and USD 34.28.
The stock is about to test the resistance from accumulated volume at USD 34.62 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 USD 1.03 (3.09%) between high and low. For the last week, the stock has had a daily average volatility of 2.30%.
Our recommended stoploss: USD 32.69 (-4.30%) ( criteria: risk and closeness to support from trendline.)
Several of the signals/indicators are negative, and we believe this will hoave some effect on the development for the next days and possible weeks. However, for the entire period will still think today's level holds possible buying-opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.