Ilika plc Forecast and Stock Analysis
Technical IKA.L stock analysis for Wednesday May 22, 2019.
Ilika plc fell by -1.39% in the last day ( Wednesday, 22nd May 2019 ) from £36.00 to £35.50 During day the stock fluctuated 1.41% from a day low at £35.50 to a day high of £36.00. The price has fallen in 5 of the last 10 days and is down by -3.01% for this period. Volume has increased in the last day by 597 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 44 440 shares bought and sold for approximately £1.58 million.
- 30 day high of the IKA.L stock price was £38.00 and low was £35.50.
- 90 day high was £39.40 and low was £35.50.
- 52 week high for the Ilika plc - £40.00 and low - £11.75.
Ilika plc lies in the lower of a falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £35.10 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.48% during the next 3 months and, with 90% probability hold a price between £33.87 and £36.67 at the end of this period.
There are few to none technical positive signals at the moment. Ilika plc 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 £36.06 and £36.92. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 36 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 £0.50 (1.41%) between high and low. For the last week, the stock has had a daily average volatility of 0.28%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.28 %Average volatility
Very Low Low Medium High Very High
Ilika plc 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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