GLI Finance Limited Forecast and Stock Analysis
Technical GLIF.L stock analysis for March 22, 2019.
No changes to the price of GLI Finance Limited in the last trading day. The price has been going up and down for this period, and there has been a -0.9% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the GLIF.L stock was £5.50.
During day the stock fluctuated 0.00% from a day low at £5.50 to a day high of £5.50.
30 day high of the GLIF.L stock price was £5.55 and low was £5.00.
90 day high was £8.10 and low was £4.75.
52 week high for the GLI Finance Limited - £10.50 and low - £4.75.
GLI Finance Limited has broken the very 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 £5.38, a level that may pose a second chance to hit a runner. According to fan-theory £7.66 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. GLI Finance Limited 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 £5.51 and £5.57. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday March 15, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
The stock holds a RSI14 at 78 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
GLI Finance Limited finds support from accumulated volume at £5.35.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.00 (0.00%) between high and low. For the last week, the stock has had a daily average volatility of 0.18%.
The stock is extremely overbought on RSI14 (78). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Strong Sell Candidate
GLI Finance Limited 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.