CTEC.L Forecast and Technical Stock Analysis
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.
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.
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.
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.
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 volatilityOverall risk:
Very Low Low Medium High Very High
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.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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