Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Monday June 24, 2019 Change -0.72% Price £69.00
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will EHG.L stock price go up or down on Wed, 26 Jun 2019?

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Elegant Hotels Group Plc Forecast and Stock Analysis

Technical EHG.L stock analysis for Monday June 24, 2019.

Sell candidate since 2019-06-19 Loss -2.13%


Elegant Hotels Group Plc fell by -0.72% in the last day ( Monday, 24th Jun 2019 ) from £69.50 to £69.00 and has now fallen 3 days in a row. During day the stock fluctuated 0.72% from a day low at £69.00 to a day high of £69.50. The price has fallen in 4 of the last 10 days and is down by -2.82% 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 -56 246 shares and in total 70 095 shares bought and sold for approximately £4.84 million.

Quick summary:

  • 30 day high of the EHG.L stock price was £72.00 and low was £69.00.
  • 90 day high was £74.50 and low was £68.00.
  • 52 week high for the Elegant Hotels Group Plc - £80.00 and low - £0.75.

Trend

Given the current horizontal trend you can expect Elegant Hotels Group Plc with 90% probability to be traded between £67.03 and £72.66 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

There are few to none technical positive signals at the moment. Elegant Hotels Group 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 £70.43 and £71.41. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 18, 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 33 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Elegant Hotels Group Plc finds support from accumulated volume at £68.00.

Support: £68.00 Price: £69.00 Resistance: £70.50

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 £0.50 (0.72%) between high and low. For the last week, the stock has had a daily average volatility of 1.01%.

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

1.01 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Elegant Hotels Group Plc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate Upgraded
Stronger Sell Today EHG.L ranks #5486 as SELL CANDIDATE #5486 Weaker Sell

Will EHG.L stock price go up or down on Wed, 26 Jun 2019?

Predict

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