Ilika plc Forecast and Stock Analysis
Technical IKA.L stock analysis for March 15, 2019.
No changes to the price of Ilika plc in the last trading day. The price has been going up and down for this period, and there has been a -2.63% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the IKA.L stock was £37.00.
During day the stock fluctuated 2.78% from a day low at £36.00 to a day high of £37.00.
30 day high of the IKA.L stock price was £40.00 and low was £31.00.
90 day high was £40.00 and low was £11.75.
52 week high for the Ilika plc - £40.00 and low - £11.75.
Ilika plc has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at £37.14. A reaction back to this level may hold a second chance to get out before further falls.
Only positive signals in the chart today. Ilika plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £37.20. On a fall, the stock will find some support from the long-term average at approximately £33.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday March 12, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Ilika plc finds support from accumulated volume at £35.50.
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 £1.00 (2.78%) between high and low. For the last week, the stock has had a daily average volatility of 1.64%.
Our recommended stoploss: £34.61 (-6.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
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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.