Fresh Del Monte Produce Inc Forecast and Stock Analysis
Technical FDP.L stock analysis for March 15, 2019.
|Shorts||2.68% ( 2019-02-28 )|
No changes to the price of Fresh Del Monte Produce Inc in the last trading day. The price has risen in 6 of the last 10 days and is up by 10.33% over the past 2 weeks.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the FDP.L stock was £2 350.00.
During day the stock fluctuated 2.98% from a day low at £2 350.00 to a day high of £2 420.00.
30 day high of the FDP.L stock price was £2 450.00 and low was £2 010.00.
90 day high was £2 450.00 and low was £2 010.00.
52 week high for the Fresh Del Monte Produce Inc - £4 800.00 and low - £2 010.00.
Fresh Del Monte Produce Inc lies in the middle of a wide and weak 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 5.26% during the next 3 months and, with 90% probability hold a price between £2 184.58 and £2 551.41 at the end of this period.
Fresh Del Monte Produce Inc 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 £2 315.71 and £2 216.57. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 14, 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. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
Fresh Del Monte Produce Inc finds support from accumulated volume at £2 250.00.
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 £70.00 between high and low, or 2.98%. For the last week, the stock has had a daily average volatility of 4.00%.
Our recommended stoploss: £2.00 (-6.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.