Diploma plc Forecast and Stock Analysis
Technical DPLM.L stock analysis for Wednesday May 22, 2019.
Diploma plc gained 0.07% in the last trading day ( Wednesday, 22nd May 2019 ), rising from £1 494.00 to £1 495.00 , and has now gained 3 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 day the stock fluctuated 2.23% from a day low at £1 482.00 to a day high of £1 515.00. The price has fallen in 6 of the last 10 days and is down by -2.92% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 71 952 more shares were traded than the day before. In total, 384 360 shares bought and sold for approximately £574.62 million.
- 30 day high of the DPLM.L stock price was £1 654.00 and low was £1 439.00.
- 90 day high was £1 654.00 and low was £1 317.00.
- 52 week high for the Diploma plc - £1 654.00 and low - £1 144.00.
Diploma 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 £1 496.86. A reaction back to this level may hold a second chance to get out before further falls.
A buy signal was issued from a pivot bottom point on Monday May 20, 2019, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Diploma 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 £1 509.86 and £1 547.71. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Diploma plc finds support from accumulated volume at £1 494.00.
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 £33.00 (2.23%) between high and low. For the last week, the stock has had a daily average volatility of 1.90%.
Diploma plc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.90 %Average volatility
Very Low Low Medium High Very High
The Diploma plc stock holds several negative signals and despite the positive trend we believe Diploma plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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