Frontier Developments Plc Forecast and Stock Analysis
Technical FDEV.L stock analysis for March 18, 2019.
Frontier Developments Plc gained 0.82% in the last trading day, rising from £978.00 to £986.00 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 6.25% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 42 704 more shares were traded than the day before. In total, 67 792 shares bought and sold for approximately £66.84 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the FDEV.L stock was £986.00. This is 0.82% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 6.03% from a day low at £962.00 to a day high of £1 020.00.
30 day high of the FDEV.L stock price was £1 025.00 and low was £790.00.
90 day high was £1 045.00 and low was £730.00.
52 week high for the Frontier Developments Plc - £1 880.00 and low - £730.00.
Frontier Developments Plc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.98% during the next 3 months and, with 90% probability hold a price between £967.93 and £1 207.31 at the end of this period.
Only positive signals in the chart today. Frontier Developments Plc 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 £922.29 and £900.57. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday March 12, 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 66 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 £900.00 and £870.00.
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 £900.00. If this is broken, then the next support from accumulated volume will be at £870.00 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 £58.00 between high and low, or 6.03%. For the last week, the stock has had a daily average volatility of 6.58%.
Our recommended stoploss: £944.98 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
Frontier Developments Plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.