Top 10 Books about Stock Investing to read in 2018. Read more.

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 1.72%
PRICE $139.08
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Request Prediction
0.00%
Predict

Diageo plc Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 0.74% ( 2018-01-31 )
Cash n/a
Loans n/a
Beta 0.72
ROA 9.24
Hold candidate since 2018-02-23

Diageo plc gained 1.72% in the last trading day, rising from $136.73 to $139.08 The price has risen in 7 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume fell in the last day by -107 659 shares, and in total, 322 160 shares bought and sold for approximately $44.81 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Access today's Top 5 Hold/Accumulates

Trend

Given the current horizontal trend you can expect Diageo plc with 90% probability to be traded between $132.08 and $142.80 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday February 22, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Diageo plc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $141.53. On a fall, the stock will find some support from the short-term average at $138.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Diageo plc finds support from accumulated volume at $138.54. On the upside the stock meets some resistance just above today's level from accumulated volume at $144.72, $144.93 and $145.13.

The stock is about to test the resistance from accumulated volume at $144.72 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $138.54 Price: $139.08 Resistance: $144.72

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 $1.16 (0.84%) between high and low. For the last week, the stock has had a daily average volatility of 1.00%.

Our recommended stoploss: $131.75 (-5.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Diageo 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.

Trade DEO CFDs with Plus500

Your capital is at risk.

Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Access these features

Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder
Ad-free browsing

Become a PRO Now
Help us IMPROVE our CHARTS HERE.

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

START FREE 5-DAY TRIAL