Weaker Buy Today IDOX.L ranks #1532 as BUY CANDIDATE. Stronger Buy
Today IDOX.L ranks #1532 as BUY CANDIDATE.

IDOX.L stock Idox

IDOX.L stock
Idox

April 18, 2019
Change 0.00%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will IDOX.L stock price go up or down on Tue, 23 Apr 2019?

Idox Forecast and Stock Analysis

Technical IDOX.L stock analysis for April 18, 2019.

Buy candidate since 2019-04-18

No changes to the price of Idox in the last trading day. The price has fallen in 4 of the last 10 days and is down by -1.73% for this period.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the IDOX.L stock was £37.00.

During day the stock fluctuated 0.54% from a day low at £36.80 to a day high of £37.00.

30 day high of the IDOX.L stock price was £38.90 and low was £35.00.
90 day high was £38.90 and low was £29.70.
52 week high for the Idox - £40.90 and low - £27.00.

Trend

Idox lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.43% during the next 3 months and, with 90% probability hold a price between £38.58 and £45.45 at the end of this period.

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Signals

Idox 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 £36.97 and £35.94. 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 Monday April 15, 2019, which indicates further falls until a new bottom pivot has been found. 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.

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Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £33.55 and £33.50.

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, Idox finds support just below today's level at £33.55. If this is broken, then the next support from accumulated volume will be at £33.50 and £33.00.

Support: £33.55 Price: £37.00 Resistance: £37.25

Risk

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 £0.20 (0.54%) between high and low. For the last week, the stock has had a daily average volatility of 0.71%.

Our recommended stoploss: £35.44 (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and 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.

Weaker Buy Today IDOX.L ranks #1532 as BUY CANDIDATE. Stronger Buy
Today IDOX.L ranks #1532 as BUY CANDIDATE.