Previous Hold Today EMH.L ranks #1585 as HOLD CANDIDATE. Next Hold
Today EMH.L ranks #1585 as HOLD CANDIDATE.

EMH.L stock European Metals Holdings Limited

EMH.L stock
European Metals Holdings Limited

April 18, 2019
Change 0.00%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will EMH.L stock price go up or down on Tue, 23 Apr 2019?

European Metals Holdings Limited Forecast and Stock Analysis

Technical EMH.L stock analysis for April 18, 2019.

Hold candidate since 2019-04-18

No changes to the price of European Metals Holdings Limited in the last trading day. The price has risen in 4 of the last 10 days and is up by 9.86% over the past 2 weeks.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the EMH.L stock was A$19.50.

During day the stock fluctuated 1.30% from a day low at A$19.25 to a day high of A$19.50.

30 day high of the EMH.L stock price was A$20.50 and low was A$15.00.
90 day high was A$20.50 and low was A$15.00.
52 week high for the European Metals Holdings Limited - A$26.00 and low - A$15.00.

Trend

European Metals Holdings Limited lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at A$20.08 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.28% during the next 3 months and, with 90% probability hold a price between A$17.11 and A$21.14 at the end of this period.

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Signals

European Metals Holdings Limited 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 A$19.64. On a fall, the stock will find some support from the long-term average at approximately A$17.99. 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. A buy signal was issued from a pivot bottom point on Friday April 12, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 78 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

European Metals Holdings Limited finds support from accumulated volume at A$19.25.

Support: A$19.25 Price: A$19.50 Resistance: A$19.75

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved A$0.25 between high and low, or 1.30%. For the last week, the stock has had a daily average volatility of 2.05%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: A$18.37 (-5.80%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

European Metals Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today EMH.L ranks #1585 as HOLD CANDIDATE. Next Hold
Today EMH.L ranks #1585 as HOLD CANDIDATE.