Frontier Developments Plc Forecast and Stock Analysis
Technical FDEV.L stock analysis for Monday May 20, 2019.
|Price to book||GBP 1.94|
|Next Earnings Date||n/a|
Frontier Developments Plc gained 2.32% in the last trading day ( Monday, 20th May 2019 ), rising from £991.00 to £1 014.00 During day the stock fluctuated 3.58% from a day low at £979.00 to a day high of £1 014.00. The price has been going up and down for this period, and there has been a 1.2% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 475 088 more shares were traded than the day before. In total, 514 574 shares bought and sold for approximately £521.78 million.
- 30 day high of the FDEV.L stock price was £1 146.00 and low was £944.00.
- 90 day high was £1 146.00 and low was £790.00.
- 52 week high for the Frontier Developments Plc - £1 880.00 and low - £730.00.
Frontier Developments Plc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £992.14 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.96% during the next 3 months and, with 90% probability hold a price between £1 160.41 and £1 390.54 at the end of this period.
There are mixed signals in the stock today. Frontier Developments Plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £1 037.00 and £1 032.63. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday May 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £960.00 and £896.00.
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, Frontier Developments Plc finds support just below today's level at £960.00. If this is broken, then the next support from accumulated volume will be at £896.00 and £862.00.
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 £35.00 between high and low, or 3.58%. For the last week, the stock has had a daily average volatility of 3.88%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.88 %Average volatility
Very Low Low Medium High Very High
Frontier Developments 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.
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