FUTR.L Forecast and Technical Stock AnalysisHold candidate since 2019-07-17
Future Plc gained 3.13% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from £9.60 to £9.90 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 5.76% from a day low at £9.55 to a day high of £10.10. The price has risen in 5 of the last 10 days . Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 230 940 more shares were traded than the day before. In total, 584 219 shares bought and sold for approximately £5.78 million.
- 30 day high of the FUTR.L stock price was £12.48 and low was £8.75.
- 90 day high was £12.50 and low was £8.14.
- 52 week high for the Future Plc - £572.00 and low - £3.67.
Future Plc 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 14.73% during the next 3 months and, with 90% probability hold a price between £10.22 and £15.00 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday July 09, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Future Plc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £10.45. On a fall, the stock will find some support from the short-term average at £9.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 80 ]
RSI14 is 58 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
Future Plc finds support from accumulated volume at £9.70.
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 £0.55 between high and low, or 5.76%. For the last week, the stock has had a daily average volatility of 3.85%.
Our recommended stoploss: £9.47 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
3.85 %Average volatility
Very Low Low Medium High Very High
Future Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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