Helical Plc Forecast and Stock Analysis
Technical HLCL.L stock analysis for March 15, 2019.
Helical Plc gained 6.85% in the last trading day, rising from £343.00 to £366.50 The price has fallen in 6 of the last 10 days , but is still up by 6.08% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 183 253 more shares were traded than the day before. In total, 211 043 shares bought and sold for approximately £77.35 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the HLCL.L stock was £366.50. This is 6.85% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 11.06% from a day low at £330.00 to a day high of £366.50.
30 day high of the HLCL.L stock price was £366.50 and low was £320.00.
90 day high was £366.50 and low was £310.00.
52 week high for the Helical Plc - £399.00 and low - £295.00.
Helical Plc has broken the weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at £359.56, a level that may pose a second chance to hit a runner. According to fan-theory £384.10 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. Helical 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 £343.79 and £338.87. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 14, 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.
Relative Strength Index (RSI)
RSI14 is 70 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 £340.00 and £326.00.
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, Helical Plc finds support just below today's level at £340.00. If this is broken, then the next support from accumulated volume will be at £326.00 and £319.00.
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 £36.50 (11.06%) between high and low. For the last week, the stock has had a daily average volatility of 4.41%.
Our recommended stoploss: £352.54 (-3.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
Helical Plc holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.