VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

EMH.L Forecast and Technical Stock Analysis

Hold candidate since 2019-07-11 Gain 28.40%

European Metals Holdings Limited fell by -1.89% in the last day ( Wednesday, 17th Jul 2019 ) from A$0.27 to A$0.26 During day the stock fluctuated 4.49% from a day low at A$0.26 to a day high of A$0.27. The price has been going up and down for this period, and there has been a 31.65% gain for the last 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 -1 085 666 shares and in total 221 332 shares bought and sold for approximately A$57 546.30.

Quick summary:

  • 30 day high of the EMH.L stock price was A$0.28 and low was A$0.19.
  • 90 day high was A$0.28 and low was A$0.18.
  • 52 week high for the European Metals Holdings Limited - A$20.00 and low - A$0.15.
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Trend

European Metals Holdings Limited lies in the upper part of a very 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$0.27 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 2.83% during the next 3 months and, with 90% probability hold a price between A$0.19 and A$0.27 at the end of this period.

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Signals

European Metals Holdings Limited holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at A$0.22 and A$0.21. A break down below any of these levels will issue sell signals. 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 Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 85 ]

RSI14 is 84 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at A$0.23 and A$0.21.

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, European Metals Holdings Limited finds support just below today's level at A$0.23. If this is broken, then the next support from accumulated volume will be at A$0.21 and A$0.20.

Support: A$0.23 Price: A$0.26 Resistance: A$0.27

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved A$0.01 between high and low, or 4.49%. For the last week the stock has had a daily average volatility of 9.47%.

Our recommended stoploss: A$0.25 (-5.05%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 1 days ago.)

9.47 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate

Evaluation

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.

Will EMH.L stock price go up or down on Fri, 19 Jul 2019?

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