Stronger Sell Today EQN.L ranks #3842 as SELL CANDIDATE #3842 Weaker Sell

EQN.L stock forecast Equiniti Group plc

EQN.L stock forecast

VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

EQN.L Forecast and Technical Stock Analysis

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Sell candidate since 2019-07-22 Loss -10.14%

Equiniti Group plc gained 2.09% in the last trading day ( Friday, 16th Aug 2019 ), rising from £1.91 to £1.95 During the day the stock fluctuated 3.17% from a day low at £1.89 to a day high of £1.95. The price has been going up and down for this period, and there has been a -7.58% loss for the last 2 weeks. Volume fell in the last day by -452 302 shares and in total, 664 683 shares bought and sold for approximately £1.30 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the EQN.L stock price was £2.23 and low was £1.85.
  • 90 day high was £2.38 and low was £1.85.
  • 52 week high for Equiniti Group plc - £231.50 and low - £1.67.
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Trend

Equiniti Group plc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £1.91 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.67% during the next 3 months and, with 90% probability hold a price between £1.76 and £2.04 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Equiniti 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 £2.02 and £2.15. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 80 ]

RSI14 is 23 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 behaviour.

Support & Resistance

Equiniti Group plc finds support from accumulated volume at £1.91.

Support: £1.91 Price: £1.95 Resistance: £2.19

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

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

4.37 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Equiniti Group plc holds several negative signals and is within a wide and 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Stronger Sell Today EQN.L ranks #3842 as SELL CANDIDATE #3842 Weaker Sell

Will EQN.L stock price go up or down on Mon, 19 Aug 2019?

Golden Star Signal

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