HICL Infrastructure Company Limited Forecast and Stock Analysis
Technical HICL.L stock analysis for Wednesday May 22, 2019.
No changes to the price of HICL Infrastructure Company Limited in the last trading day ( Wednesday, 22nd May 2019 ). During day the stock fluctuated 1.01% from a day low at £158.40 to a day high of £160.00. The price has fallen in 5 of the last 10 days and is down by -3.65% for this period.
- 30 day high of the HICL.L stock price was £166.80 and low was £157.60.
- 90 day high was £168.60 and low was £152.60.
- 52 week high for the HICL Infrastructure Company Limited - £170.30 and low - £139.50.
Given the current horizontal trend you can expect HICL Infrastructure Company Limited with 90% probability to be traded between £155.54 and £166.38 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Friday May 17, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. HICL Infrastructure Company 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 £160.09 and £163.60. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 27 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
HICL Infrastructure Company Limited finds support from accumulated volume at £158.10.
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 £1.60 (1.01%) between high and low. For the last week, the stock has had a daily average volatility of 1.14%.
HICL Infrastructure Company Limited is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.14 %Average volatility
Very Low Low Medium High Very High
HICL Infrastructure Company Limited holds several negative signals and is within a 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.
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