Weaker Buy Today CSN.L ranks #695 as BUY CANDIDATE. Stronger Buy
Today CSN.L ranks #695 as BUY CANDIDATE.

CSN.L stock Chesnara plc

CSN.L stock
Chesnara plc

March 18, 2019
Change 0.97%
Chart period: 2018-12-19 - 2019-03-18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will CSN.L stock price go up or down on Wed, 20 Mar 2019?

Chesnara plc Forecast and Stock Analysis

Technical CSN.L stock analysis for March 18, 2019.

Buy candidate since 2019-03-04 Gain 2.82%

Chesnara plc gained 0.97% in the last trading day, rising from £361.50 to £365.00 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 2.82% 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, 18 300 more shares were traded than the day before. In total, 64 559 shares bought and sold for approximately £23.56 million.

Close price at the end of the last trading day (Monday, 18th Mar 2019) of the CSN.L stock was £365.00. This is 0.97% more than the trading day before Friday, 15th Mar 2019.

During day the stock fluctuated 2.09% from a day low at £359.50 to a day high of £367.00.

30 day high of the CSN.L stock price was £379.50 and low was £325.00.
90 day high was £379.50 and low was £310.50.
52 week high for the Chesnara plc - £424.50 and low - £310.50.

Trend

Chesnara plc lies in the middle of a wide and weak 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 4.8% during the next 3 months and, with 90% probability hold a price between £355.95 and £395.33 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Chesnara plc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £362.07 and £347.32. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 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.

The stock had a Golden Star Signal* on Wednesday January 09, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 63 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Chesnara plc finds support from accumulated volume at £355.50.

Support: £355.50 Price: £365.00 Resistance: £368.00

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 £7.50 (2.09%) between high and low. For the last week, the stock has had a daily average volatility of 3.26%.

Our recommended stoploss: £344.78 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Chesnara plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today CSN.L ranks #695 as BUY CANDIDATE. Stronger Buy
Today CSN.L ranks #695 as BUY CANDIDATE.