GLI Finance Limited Forecast and Stock Analysis
Technical GLIF.L stock analysis for Wednesday June 19, 2019.
No changes to the price of GLI Finance Limited in the last trading day ( Wednesday, 19th Jun 2019 ). During day the stock fluctuated 0.00% from a day low at £4.75 to a day high of £4.75. The price has been going up and down for this period, and there has been a 7.95% gain for the last 2 weeks.
- 30 day high of the GLIF.L stock price was £4.85 and low was £4.00.
- 90 day high was £5.50 and low was £4.00.
- 52 week high for the GLI Finance Limited - £9.25 and low - £0.08.
GLI Finance Limited has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is £4.74, a level that may pose a second chance to hit a runner. According to fan-theory £5.45 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
GLI Finance Limited holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £4.51 and £4.61. 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 June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 50 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 £4.45 and £4.40.
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, GLI Finance Limited finds support just below today's level at £4.45. If this is broken, then the next support from accumulated volume will be at £4.40 and £4.25.
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 £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 3.04%.
Our recommended stoploss: £4.56 (-4.00%) (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.)
3.04 %Average volatility
Very Low Low Medium High Very High
GLI Finance Limited 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. 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 Hold/Accumulate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us