Wednesday June 19, 2019 Change -2.92% Price £166.00
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will CWR.L stock price go up or down on Thu, 20 Jun 2019?

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Ceres Power Holdings Plc Forecast and Stock Analysis

Technical CWR.L stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-18 Loss -2.92%


Ceres Power Holdings Plc fell by -2.92% in the last day ( Wednesday, 19th Jun 2019 ) from £171.00 to £166.00 and has now fallen 6 days in a row. During day the stock fluctuated 3.92% from a day low at £166.00 to a day high of £172.50. The price has fallen in 8 of the last 10 days and is down by -8.54% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -95 198 shares and in total 135 224 shares bought and sold for approximately £22.45 million.

Quick summary:

  • 30 day high of the CWR.L stock price was £189.00 and low was £166.00.
  • 90 day high was £195.50 and low was £137.02.
  • 52 week high for the Ceres Power Holdings Plc - £209.95 and low - £1.66.

Trend

Ceres Power Holdings Plc has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £170.00. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

There are few to none technical positive signals at the moment. Ceres Power Holdings 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 £174.00 and £180.66. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday May 31, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 10 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ceres Power Holdings Plc finds support from accumulated volume at £163.00.

Support: £163.00 Price: £166.00 Resistance: £183.00

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 £6.50 (3.92%) between high and low. For the last week, the stock has had a daily average volatility of 3.34%.

Ceres Power Holdings Plc is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

3.34 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

The Ceres Power Holdings Plc stock holds several negative signals and despite the positive trend we believe Ceres Power Holdings Plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate Upgraded
Stronger Sell Today CWR.L ranks #4307 as SELL CANDIDATE #4307 Weaker Sell

Will CWR.L stock price go up or down on Thu, 20 Jun 2019?

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