Weaker Buy Today CTEC.L ranks #129 as BUY CANDIDATE #129 Stronger Buy

CTEC.L stock forecast CHOLESTECH CORPORATION

CTEC.L stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

CTEC.L Forecast and Technical Stock Analysis

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Buy candidate since 2019-08-16 Gain 1.65%

CHOLESTECH CORPORATION gained 1.65% in the last trading day ( Monday, 19th Aug 2019 ), rising from £1.82 to £1.85 , and has now gained 4 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. During the day the stock fluctuated 1.65% from a day low at £1.82 to a day high of £1.85. The price has risen in 5 of the last 10 days and is up by 2.21% 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, 0.04 million more shares were traded than the day before. In total, 1.74 million shares bought and sold for approximately £3.21 million.

Quick summary:

  • 30 day high of the CTEC.L stock price was £1.88 and low was £1.45.
  • 90 day high was £1.88 and low was £1.36.
  • 52 week high for CHOLESTECH CORPORATION - £216.20 and low - £1.13.
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Trend

CHOLESTECH CORPORATION 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 28.55% during the next 3 months and, with 90% probability hold a price between £2.20 and £2.47 at the end of this period.

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Signals

CHOLESTECH CORPORATION 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 £1.82 and £1.61. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday August 02, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 85 ]

RSI14 is 80 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £1.47 and £1.42.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CHOLESTECH CORPORATION finds support just below today's level at £1.47. If this is broken, then the next support from accumulated volume will be at £1.42 and £1.40.

Support: £1.47 Price: £1.85

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.03 between high and low, or 1.65%. For the last week, the stock has had a daily average volatility of 2.11%.

Our recommended stop-loss: £1.77 (-4.50%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 11 day(s) ago.)

2.11 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

CHOLESTECH CORPORATION holds several positive signals and is within a strong 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 CTEC.L ranks #129 as BUY CANDIDATE #129 Stronger Buy

Will CTEC.L stock price go up or down on Wed, 21 Aug 2019?

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