Gunsynd plc Forecast and Stock Analysis
Technical GUN.L stock analysis for Wednesday May 22, 2019.
No changes to the price of Gunsynd plc in the last trading day ( Wednesday, 22nd May 2019 ). During day the stock fluctuated 0.00% from a day low at £0.02 to a day high of £0.02. The price has fallen in 4 of the last 10 days , but is still up by 44.12% over the past 2 weeks.
- 30 day high of the GUN.L stock price was £0.03 and low was £0.02.
- 90 day high was £0.03 and low was £0.02.
- 52 week high for the Gunsynd plc - £0.20 and low - £0.02.
Gunsynd plc lies the upper part of a very wide and falling 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 £0.03 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.27% during the next 3 months and, with 90% probability hold a price between £0.01 and £0.02 at the end of this period.
Only positive signals in the chart today. Gunsynd plc 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 £0.02 and £0.02. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday May 21, 2019, which indicates further gains until a new top pivot has been found. 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".
Relative Strength Index (RSI)
RSI14 is 60 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 £0.02 and £0.02.
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, Gunsynd plc finds support just below today's level at £0.02. If this is broken, then the next support from accumulated volume will be at £0.02 and £0.02.
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 £0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 11.99%.
Our recommended stoploss: £0.02 (-7.81%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
11.99 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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