VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

FUM.L Forecast and Technical Stock Analysis

Buy candidate since 2019-06-24 Gain 55.04%

Futura Medical fell by -1.26% in the last day ( Wednesday, 17th Jul 2019 ) from £0.48 to £0.47 During day the stock fluctuated 12.94% from a day low at £0.44 to a day high of £0.49. The price has risen in 6 of the last 10 days and is up by 18.73% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.52 million shares and in total 2.40 million shares bought and sold for approximately £1.12 million.

Quick summary:

  • 30 day high of the FUM.L stock price was £0.49 and low was £0.23.
  • 90 day high was £0.49 and low was £0.17.
  • 52 week high for the Futura Medical - £25.40 and low - £0.06.
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Trend

Futura Medical lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £0.48 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 84.65% during the next 3 months and, with 90% probability hold a price between £0.57 and £0.88 at the end of this period.

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Signals

Futura Medical 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 £0.41 and £0.31. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 85 ]

RSI14 is 77 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £0.38 and £0.36.

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, Futura Medical finds support just below today's level at £0.38. If this is broken, then the next support from accumulated volume will be at £0.36 and £0.35.

Support: £0.38 Price: £0.47 Resistance: £0.48

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.06 between high and low, or 12.94%. For the last week the stock has had a daily average volatility of 11.81%.

Our recommended stoploss: £0.44 (-5.49%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)

11.81 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Will FUM.L stock price go up or down on Fri, 19 Jul 2019?

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