Flybe Group Plc Forecast and Stock Analysis
Technical FLYB.L stock analysis for February 15, 2019.
Flybe Group Plc gained 4.80% in the last trading day, rising from £1.77 to £1.86 The price has risen in 6 of the last 10 days , but is still down by -42.03% for this period. Volume fell in the last day by -10.50 million shares, and in total, 7.26 million shares bought and sold for approximately £13.47 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the FLYB.L stock was £1.86. This is 4.8% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 21.21% from a day low at £1.65 to a day high of £2.00.
30 day high of the FLYB.L stock price was £6.90 and low was £1.45.
90 day high was £24.60 and low was £1.45.
52 week high for the Flybe Group Plc - £49.70 and low - £1.45.
Flybe Group Plc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -70.70% during the next 3 months and, with 90% probability hold a price between £-1.35 and £2.17 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Flybe 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 £2.20 and £6.55. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Flybe Group Plc finds support from accumulated volume at £1.77.
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 £0.35 between high and low, or 21.21%. For the last week, the stock has had a daily average volatility of 27.08%.
Flybe Group Plc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
Flybe Group Plc holds several negative signals and is within a very 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.