Diploma plc Forecast and Stock Analysis
Technical DPLM.L stock analysis for March 18, 2019.
Diploma plc fell by -0.55% in the last day from £1 450.00 to £1 442.00 and has now fallen 4 days in a row. The price has risen in 5 of the last 10 days and is up by 4.49% over the past 2 weeks. 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 -34 071 shares and in total 241 795 shares bought and sold for approximately £348.67 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the DPLM.L stock was £1 442.00. This is 0.55% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 2.40% from a day low at £1 416.00 to a day high of £1 450.00.
30 day high of the DPLM.L stock price was £1 475.00 and low was £1 313.00.
90 day high was £1 475.00 and low was £1 144.00.
52 week high for the Diploma plc - £1 483.00 and low - £1 060.00.
Diploma 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 19.44% during the next 3 months and, with 90% probability hold a price between £1 625.07 and £1 769.93 at the end of this period.
Diploma 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 £1 443.43. On a fall, the stock will find some support from the long-term average at approximately £1 351.94. 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 Wednesday March 13, 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.
Relative Strength Index (RSI)
The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £1 328.00 and £1 284.00.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Diploma plc finds support just below today's level at £1 328.00. If this is broken, then the next support from accumulated volume will be at £1 284.00 and £1 280.00.
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 £34.00 (2.40%) between high and low. For the last week, the stock has had a daily average volatility of 1.82%.
Our recommended stoploss: £1.00 (-4.38%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.