EQN.L Forecast and Technical Stock Analysis
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
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.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!