Ceres Power Holdings Plc Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Ceres Power Holdings Plc in the last trading day. The price has been going up and down for this period, and there has been a 0.87% gain for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the CWR.L stock was £169.46.
During day the stock fluctuated 0.00% from a day low at £169.46 to a day high of £169.46.
30 day high of the CWR.L stock price was £182.98 and low was £163.02.
90 day high was £182.98 and low was £156.00.
52 week high for the Ceres Power Holdings Plc - £209.95 and low - £10.00.
Ceres Power Holdings 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 5.22% during the next 3 months and, with 90% probability hold a price between £172.37 and £189.65 at the end of this period.
Ceres Power Holdings Plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £170.83. On a fall, the stock will find some support from the long-term average at approximately £168.65. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales 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 January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
* 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.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Ceres Power Holdings Plc finds support from accumulated volume at £168.00.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 4.16%.
Our recommended stoploss: £162.24 (-4.26%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)
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Ceres Power Holdings Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.