Elegant Hotels Group Plc Stock Forecast
Elegant Hotels Group Plc stock price ended at £1.09 on Monday, after losing 0%.
(Updated on Jan 06, 2020)
No changes to the price of Elegant Hotels Group Plc stock on the last trading day (Monday, 6th Jan 2020). During the last trading day the stock fluctuated 0% from a day low at £1.09 to a day high of £1.09. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock has broken the strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £1.15. A reaction back to this level may hold a second chance to get out before further falls.
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EHG.L Signals & Forecast
There are mixed signals in the stock today. The Elegant Hotels Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £1.09 and £1.09. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, November 26, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, September 18, 2019 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Elegant Hotels Group Plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EHG.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Elegant Hotels Group Plc to open at £1.09, and during the day (based on 14 day Average True Range), to move between £1.09 and £1.09, which gives a possible trading interval of +/-£0.0028 (+/-0.26%) up or down from last closing price. If Elegant Hotels Group Plc takes out the full calculated possible swing range there will be an estimated 0.51% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £1.10, some £0.0100 (0.92%) from the current price of £1.09, our system finds the risk reward not very attractive.
Is Elegant Hotels Group Plc stock A Buy?
Elegant Hotels Group Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.469 Sell Candidate Unchanged
Predicted Opening Price for Elegant Hotels Group Plc of Tuesday, January 7, 2020
Fair opening price January 7, 2020 | Current price |
---|---|
£1.09 ( 0%) | £1.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EHG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.09 | . | |
R2 | 1.09 | . | ||
R1 | 1.09 | . | ||
Current price: | 1.09 | |||
Support | S1 | 1.09 | . | |
S2 | 1.09 | . | ||
S3 | 1.09 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 1.11 | 1.83 % | ||
R1 | 1.10 | 0.92 % | ||
Current price | 1.09 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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