Fidelity Japanese Values plc Forecast and Stock Analysis
Technical FJV.L stock analysis for March 22, 2019.
Fidelity Japanese Values plc fell by -1.09% in the last day from £137.00 to £135.50 The price has been going up and down for this period, and there has been a -0.55% loss for the last 2 weeks. Volume has increased in the last day by 616 970 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 763 825 shares bought and sold for approximately £103.50 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the FJV.L stock was £135.50. This is 1.09% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 2.96% from a day low at £135.00 to a day high of £139.00.
30 day high of the FJV.L stock price was £141.00 and low was £134.50.
90 day high was £141.00 and low was £124.00.
52 week high for the Fidelity Japanese Values plc - £167.50 and low - £124.00.
Fidelity Japanese Values plc has broken the weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £135.74. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Fidelity Japanese Values 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 £136.07 and £136.24. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 47 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 £128.50 and £128.00.
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, Fidelity Japanese Values plc finds support just below today's level at £128.50. If this is broken, then the next support from accumulated volume will be at £128.00 and £127.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £4.00 (2.96%) between high and low. For the last week, the stock has had a daily average volatility of 1.48%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Fidelity Japanese Values plc stock holds several negative signals and despite the positive trend we believe Fidelity Japanese Values plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.