Weaker Buy Today FUM.L ranks #390 as BUY CANDIDATE. Stronger Buy
Today FUM.L ranks #390 as BUY CANDIDATE.

FUM.L stock Futura Medical

FUM.L stock
Futura Medical

April 18, 2019
Change 4.55%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will FUM.L stock price go up or down on Tue, 23 Apr 2019?

Futura Medical Forecast and Stock Analysis

Technical FUM.L stock analysis for April 18, 2019.

Buy candidate since 2019-04-12 Gain 5.34%

Futura Medical gained 4.55% in the last trading day, rising from £16.50 to £17.25 The price has been going up and down for this period, and there has been a -6.12% loss for the last 2 weeks. Volume fell in the last day by -361 701 shares, and in total, 719 942 shares bought and sold for approximately £12.42 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 (Thursday, 18th Apr 2019) of the FUM.L stock was £17.25. This is 4.55% more than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 4.55% from a day low at £16.50 to a day high of £17.25.

30 day high of the FUM.L stock price was £19.38 and low was £14.25.
90 day high was £22.75 and low was £10.00.
52 week high for the Futura Medical - £40.50 and low - £5.61.

Trend

Futura Medical lies in the middle of a very 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 10.44% during the next 3 months and, with 90% probability hold a price between £14.56 and £25.89 at the end of this period.

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Signals

Only positive signals in the chart today. 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 £16.59 and £16.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 17, 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.

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A buy signal from a double bottom formation was found on Thursday April 11, 2019 and based on theory for this formation the price should go up by 7.87% to £22.37 within 16 trading days since signal was issued (Wednesday May 08, 2019).

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £15.25 and £14.00.

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, Futura Medical finds support just below today's level at £15.25. If this is broken, then the next support from accumulated volume will be at £14.00 and £13.38.

Support: £15.25 Price: £17.25 Resistance: £18.63

Risk

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 £0.75 between high and low, or 4.55%. For the last week, the stock has had a daily average volatility of 9.35%.

Our recommended stoploss: £16.46 (-4.59%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today FUM.L ranks #390 as BUY CANDIDATE. Stronger Buy
Today FUM.L ranks #390 as BUY CANDIDATE.