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Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 0.40%
PRICE $148.57
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Diageo plc Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-05-24 Gain 1.41%

Diageo plc gained 0.40% in the last trading day, rising from $147.98 to $148.57 The price has been going up and down for this period, and there has been a 2.58% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 314 165 more shares were traded than the day before. In total, 582 882 shares bought and sold for approximately $0.00.

Shorts 2.53% ( 2018-05-31 )
Cash n/a
Loans n/a
Beta 0.71
ROA 9.24

Trend

Diageo plc lies in the middle of a 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 10.44% during the next 3 months and, with 90% probability hold a price between $160.65 and $169.83 at the end of this period.

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Signals

Only positive signals in the chart today. Diageo plc 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 $147.17 and $145.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday June 07, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 57 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 $142.93.

Support: $142.93 Price: $148.57

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 $0.98 (0.66%) between high and low. For the last week, the stock has had a daily average volatility of 0.72%.

Our recommended stoploss: $141.00 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Diageo plc 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.

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